Welcome to the paragon of luxury estate living at 5 Michaels Way, Westhampton Beach. This stunning new construction is nestled in the heart of the Village on a private road and will feature an impressive array of 7 generous bedrooms, 9 and a half bathrooms, and a 3-car garage. The opulent 1. 3-acre residence will span over 9, 000 square feet plus an additional 4, 000 square feet of unfinished basement. The primary level features a sprawling open floor plan that includes a private primary wing complete with its own fireplace sitting room, walk-in closet, and covered porch. This level continues to impress, showcasing an open living room, captivating fireplace, dedicated laundry room, en-suite den, en-suite office, and a full unparalleled gourmet chef's kitchen featuring a spacious island, exceptional walk-in wine display, high-end appliances, and custom millwork. Ascend the stunning staircase to the second level where you will find 6 additional en-suite bedrooms as well as a centralized sitting room with seamless access to the balcony. To complete this Hamptons Estate, outside you will be pleased to find a custom-built outdoor kitchen and fireplace as well as a Gunite pool, pool house, and outdoor shower. This home is not just a residence but a beacon of architectural brilliance and sophisticated living, perfect for both grand entertaining and serene private moments. Experience the zenith of luxury estate living with world-famous ocean beaches, marinas, boutiques, restaurants, performing arts centers, and golf all close at hand.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,120,000 | $6,120,000 | $6,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $981 | $981 | $981 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,749 | $38,181 | $51,232 |
Total Monthly Payment | $35,854 | $39,286 | $52,337 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.