Stonington Direct Waterfront Estate - This 22 acre private waterfront estate on Long Island Sound offers 3, 000 feet of water frontage, unobstructed views, and includes a new 130 foot Ipe dock with a motorized boat lift. The 6, 341 square foot, 4 BR 4BA, 2 Half Baths, one-floor living home includes a primary bedroom suite along with three additional en-suite bedrooms. Having purchased this spectacular property from the original owners in 2018, the current owners recognized the rarity of such a coveted location and chose to invest significant capital into their vision of transforming the 1970's property into an extraordinary seaside estate. The home site offers breathtaking vistas of Fishers Island Sound stretching to Montauk Point. Their vision was clear - they sought to create a waterfront estate that honors the natural beauty of its surroundings while enjoying all that the waterfront setting has to offer. In addition to the dock, extensive landscaping was undertaken including the introduction of native species to revitalize the estate's grounds. Two stunning studios have been added to the property which are outstanding achievements in design and serve as a prelude to the plans for the main residence. This estate is not merely a home; it is a sanctuary for those seeking a private retreat buffered by expanses of unspoiled habitat and a celebration of waterfront living. Its transformation will secure its place as one of the most extraordinary estates within the New York-Boston Considerable time and resources have been invested into creating and receiving approval for building plans to reconstruct the primary home into a 10, 000 square foot residence, masterfully designed to sit outside the flood zone. All these investments are testament to the owners' commitment to both preserving the natural environment and enhancing the estate's amenities.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Bedroom Suite,Full Bath,Patio/Terrace,Sliders,Wall/Wall Carpet | 12.0 x 16.0 | Main |
Bedroom 2 | Bedroom Suite,Full Bath,Wall/Wall Carpet | 19.0 x 20.0 | Main |
Bedroom 3 | Bedroom Suite,Full Bath,Wall/Wall Carpet | 13.0 x 17.0 | Main |
Dining Room | 9 ft+ Ceilings,Built-Ins,Patio/Terrace,Sliders,Slate Floor | 27.0 x 31.0 | Main |
Eat-In Kitchen | 9 ft+ Ceilings,Eating Space,Fireplace,Island,Patio/Terrace,Hardwood Floor | 18.0 x 28.0 | Main |
Family Room | 9 ft+ Ceilings,Built-Ins,Entertainment Center,Fireplace,Hardwood Floor | 18.0 x 21.0 | Main |
Family Room | 9 ft+ Ceilings,Built-Ins,Entertainment Center,Fireplace,Hardwood Floor | 21.0 x 12.0 | Main |
Living Room | 9 ft+ Ceilings,Balcony/Deck,Built-Ins,Wet Bar,Fireplace,Hardwood Floor | 21.0 x 23.0 | Main |
Office | 9 ft+ Ceilings,Wet Bar,Wall/Wall Carpet | 14.0 x 14.0 | Main |
Primary Bath | Double-Sink,Dressing Room,Hydro-Tub,Stall Shower,Wall/Wall Carpet | 13.0 x 17.0 | Main |
Primary BR Suite | Skylight,9 ft+ Ceilings,Balcony/Deck,Bedroom Suite,Dressing Room,Walk-In Closet | 16.0 x 23.0 | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $10,796,000 | $10,796,000 | $10,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.951% | 6.108% | 5.805% |
Monthly Tax Payment | $6,717 | $6,717 | $6,717 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $58,783 | $64,727 | $88,930 |
Total Monthly Payment | $65,625 | $71,569 | $95,772 |
* 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.