Natural tranquility graces this expansive and secluded waterfront property. Located in the heart of Southampton Village's estate section on Shinnecock Bay's Heady Creek, this premier property of 2. 8 gated acres encompasses broad, sweeping lawns, mature trees, a gunite pool and 265' of waterfront and a boat dock. The handsome c. 1900 house has a sophisticated, Old-World ambience-from its brick walkways and striped awnings outside to the built-in seating, cabinetry and exposed beams inside. The entry hall flows right into a large living room on one side and a formal dining room and kitchen on the other. A spacious great room faces the water and opens to the rear patio and rolling lawn, which leads to the waterfront and dock. There are 4 bedrooms and 4. 5 baths, including an impressive primary suite on the second level, with a private sitting room and spectacular views. Additional amenities include 3 fireplaces, a generator, a dumbwaiter and a long breezeway that leads to the 2-car garage with a loft, as well as to the pool with fountain and surrounding gardens. Unsurpassed in the area, the vistas are truly breathtaking, extending over the bay to Meadow Lane beyond. The property provides a host of possibilities, including renovation of the existing home or the creation of a new major estate. Ideally located at the end of majestic Captains Neck Lane, across from a nature preserve, yet only moments from the finest ocean beaches, world-class shops and restaurants of Southampton Village.
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,750,000
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 | $11,000,000 | $11,000,000 | $11,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $5,448 | $5,448 | $5,448 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $63,322 | $69,527 | $92,824 |
Total Monthly Payment | $68,895 | $75,100 | $98,397 |
* 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.