1 Cove Neck Road, Cove Neck, NY, 11771 | $5,500,000

Capturing panoramic seascapes from almost every room, this recently renovated home is sited on 4+ pastoral acres of waterfront overlooking Oyster Bay Harbor, Centre Island and Cove Neck. Known for generations as Youngs's Homestead, this shingled farmhouse dates to the earliest settlement of the area and was a long-time center of colonial life. Framed by cherry trees, a gated entry welcomes guests down the long driveway through an alle of trees. Pristine boxwoods and stone walls flank the home while lush lawns roll gently down to the waterside. The home's site at the end of Oyster Bay Cove offers wide vistas of the blue harbor that leads out to the Long Island Sound. Covered porches and an exquisite dining Pergola with a profusion of climbing hydrangeas are perfect for outdoor entertaining. A separate boat house is used for storing sailing gear and acts as a recreation space. A charming Dutch door opens to the new entry hall, walls now stylishly clad in reclaimed oak paneling, with the first view of the water at the end of the hall. The Library is warm and welcoming with a woodburning fireplace, window seat and exposed beams. Built-in bookshelves and media closet are new amenities as well as the handmade windows, made to match the original Living Room windows. At the end of the hall, a new addition, primely positioned, has an elegantly paneled Wet Bar with two refrigerators, drawers for cans, icemaker and wine fridge for ease of entertaining in the principal rooms or outdoors. The well-proportioned Living Room expands from the front of the house to the rear, with a bay window for impeccable water views. Fine woodworking, found throughout the home, is exceptional in this room with built-ins, exposed beams, new wood burning fireplace and floors of old growth European Oak. Casein milk paint creates a subtle texture on the walls. The formal Dining Room was a 1930s addition that offers an inviting room with fireplace for large or intimate gatherings. Open and airy, with wide plank floors and a china closet for storage. The Dining Room opens to the Sun Room, a delightful room for three seasons with all new windows that open to let fresh sea breezes in and ignite the senses. The thoughtful renovation has now created a Kitchen which functions perfectly for modern living with a large area for cooking and prepping featuring stainless steel appliances, 2 sinks, granite counters and an antique wood table that serves as the center island with Gaggenau gas stove. New improvements include glass front cabinetry, pantries and exposed beams. A brick fireplace and custom built hutch add to the appeal of the Breakfast Nook. The floors are engineered old growth European Oak for easy maintenance. The last wing of the home holds the Family Room with brick Fireplace, half-timbered wood beams and French doors and floor-to-ceiling windows capturing water views and opening to the deck. There is also a full Bathroom. This wing offers a back stairwell, window seat, side entrance and outfitted Laundry Room with sink and shelving. Additionally, there is a Guest Powder Room on this floor, tastefully decorated with English, hand-painted Fromental wallpaper. The Primary Suite, on the second floor is a tranquil haven with calming water views. French doors open to a balcony redone with Brazilian hardwood flooring and mahogany railings. The Primary Bath, also facing the harbor, has radiant heated marble floors, a large shower and bathtub. There are five additional Bedrooms on this level. Each is unique with charming decor. The largest Bedroom has its own balcony. Two Bedrooms have ensuite Bathrooms. At the end of the hall, is a spacious Gym with high ceilings. The Home Office with cathedral ceiling. Behind the exquisite decor, much work was done to ensure that future generations will enjoy Young's Homestead including leveling floors, new windows, new French doors and insulation. Utilities and storage are found in the lower level, including new geothermal HVAC system.

Features

  • Rooms: 13
  • Bedrooms: 6
  • Baths: 5 full / 2 half
  • Style: Historic
  • Year Built: 1880
  • Garage: Private, Driveway
  • Heating: Oil, Other, Geothermal
  • Cooling: Central Air, Geothermal
  • Basement: Full, Unfinished
  • Acreage: 4.2
  • Est. Taxes: $63,396
  • View: Open, Water
  • Water Front: Yes
  • Elem. School: Theodore Roosevelt School
  • Middle School: Oyster Bay High School
  • High School: Oyster Bay High School
  • School District: Oyster Bay
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • MLS#: 3547457
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /eprop/3547457/1coveneckroad_coveneck_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Daniel Gale Sothebys Intl Rlty   Phone: 516-759-4800

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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1 Cove Neck Road, Cove Neck, NY, 11771

$5,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $4,400,000 $4,400,000 $4,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.377% 6.851% 6.664%
Monthly Tax Payment $5,283 $5,283 $5,283
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,380 $28,538 $38,329
Total Monthly Payment $31,788 $33,946 $43,737

* 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.