13 Locust Cove Lane, Old Westbury (Great Neck), NY, 11024 | $8,500,000

Welcome to this exceptional waterfront ranch on over an-acre lot On Long Island Sound situated on the most prestigious west side block in the Village of Kings Point with gorgeous views of Manhattan and Bridges and sunset from every room. With its prime location and expansive grounds, this property presents an incredible opportunity to renovate or build your dream home. The current residence boasts panoramic views of Manhattan and Bridges, With the most stunning sunsets creating a serene and inviting ambiance for relaxation and enjoyment. The expansive grounds offer plenty of room for outdoor activities and recreation with a private beach and dock. Whether you envision adding a pool, creating a lush garden oasis, or simply enjoying the natural beauty of the waterfront setting, this property provides a blank canvas for your imagination to run wild. Located in the coveted Village of Kings Point, this waterfront ranch offers the perfect combination of privacy, tranquility, and luxury living. Don't miss the opportunity to make this extraordinary property your own and create the waterfront home of your dreams in one of Long Island's most prestigious neighborhoods. The front door is antique and is excluded from the sale, it will be replaced.

Features

  • Town: Old Westbury
  • Rooms: 8
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Style: Ranch
  • Year Built: 1949
  • Garage: 2-car Detached
  • Heating: Natural Gas, Other
  • Cooling: Central Air
  • Basement: Unfinished
  • Acreage: 1.45
  • Est. Taxes: $71,452
  • Water Front: Yes
  • Elem. School: John F Kennedy School
  • Middle School: Great Neck North Middle School
  • High School: Great Neck North High School
  • School District: Great Neck
  • Appliances: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
  • MLS#: 3554484
  • Days on Market: 83 days
  • Website: https://www.raveis.com
    /eprop/3554484/13locustcovelane_oldwestbury_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 S Sharf Realty Inc   Phone: 516-773-6677

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

13 Locust Cove Lane, Old Westbury (Great Neck), NY, 11024

$8,500,000

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 $6,800,000 $6,800,000 $6,800,000
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 $5,954 $5,954 $5,954
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $39,145 $42,981 $57,382
Total Monthly Payment $45,224 $49,060 $63,461

* 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.