Savor Nantucket sunsets, fall asleep to the gently lapping tide, and awaken to the sound of shorebirds. Sitting directly on Nantucket Harbor with unobstructed panoramic views across the water to Coatue and Great Point, 15 Lauretta Lane delivers the luxury of a brand new, fully furnished, two-bedroom cottage in the most magical setting on the island. Architecturally unique, this contemporary circular cottage was completely reimagined by Jay Hanley and his team at Hanley Development in 2024. The soup to nuts renovation included the installation of new oak floors, kitchen cabinets, countertops, high end appliances, light fixtures, tile shower and floor, bath vanity, built-ins and shiplap ceilings throughout, new windows and door, sidewall and roof. If you’re seeking relaxation, the privacy and seclusion of this property provides everything you need to replenish and reinvigorate your soul. If it’s a lifestyle on the water you’re looking for, you can’t do better. Just wade out to your boat mooring, bring your scallop rakes and fishing rods, or just cruise around the harbor, allowing spectacular sunsets to serve as a backdrop for your cocktail hour. Your harbor-front retreat awaits. Please note that the bordering property at 7 Lauretta Lane is also available to buyers looking to create a complete waterfront compound.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$4,895,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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 | $3,916,000 | $3,916,000 | $3,916,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,235 | $24,431 | $32,782 |
Total Monthly Payment | $22,360 | $24,556 | $32,907 |
* 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.