169 Cove Road, Oyster Bay (Oyster Bay Cove), NY, 11771 | $4,500,000

Nestled on 10 gently rolling acres, "Holly Court" is the perfect compound, a 1915 clapboard Colonial Revival home with 2 cottages, 2 barns, pool and a 5-car garage. A double height entry Foyer with fluted plaster ceiling medallion portends the character found throughout. With graceful archways, fine molding 6 fireplaces and original brass hardware, the 9-Bedroom, 9. 5 Bath home is a rare offering. With an impressive provenance, the home was built as a farmhouse for the McKelveys, a cousin of FDR. The next owner, E. Q. Trowridge, a descendant of John Hancock, expanded the home. In the 1920's, the Living Room was paneled with wood from a NYC townhouse that was being demolished, and ultimately a whole wing was added around this room. The Living Room still retains the 4" wide oak floors, pine paneling and a marble travertine fireplace. In more recent years, the farm Kitchen was featured in Martha Stewart Living. It offers a Traulsen Refrigerator, Viking 6-burner stove with and double oven, 2 Viking Dishwashers, and incomparable ambiance with painted wood floors and original pantries. Charming details include a Library with herringbone floors, a Potting Room with sink, Wet Bar and a large Sun Porch with tiled floor. The Primary Suite has 2 marble Baths, outfitted closets and a home office. Additional Bedrooms all have full Bathrooms. Heating & cooling systems have been replaced, new shutters and partial slate roof, plus new balustrades are significant recent improvements. Gentle breezes will delight guests on the porch overlooking the walled gardens. The bucolic setting is an unparalleled oasis to relax, live and play with cutting gardens, lush lawns, terraces and majestic trees. Masterpiece Listing.

Features

  • Town: Oyster Bay
  • Rooms: 21
  • Bedrooms: 9
  • Baths: 9 full / 1 half
  • Style: Estate
  • Year Built: 1915
  • Garage: 4-car Detached
  • Heating: Oil, Forced Air, Hot Water, Radiant, Steam
  • Cooling: Central Air
  • Basement: Full, Unfinished, Walk-Out Access
  • Approx Sq. Feet: 10,700
  • Acreage: 10
  • Est. Taxes: $76,099
  • Lot Desc: Level, Sloped, Stone/Brick Wall, Private
  • View: Open, Park/Greenbelt, Panoramic, Other
  • Elem. School: Theodore Roosevelt School
  • Middle School: Oyster Bay High School
  • High School: Oyster Bay High School
  • School District: Oyster Bay
  • Pool: In Ground
  • MLS#: 3558163
  • Days on Market: 134 days
  • Website: https://www.raveis.com
    /eprop/3558163/169coveroad_oysterbay_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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169 Cove Road, Oyster Bay (Oyster Bay Cove), NY, 11771

$4,500,000

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 $3,600,000 $3,600,000 $3,600,000
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 $6,342 $6,342 $6,342
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $20,724 $22,754 $30,379
Total Monthly Payment $27,191 $29,221 $36,846

* 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.