The W. R. GRACE MANSION built in 1880 by artisans from Italy located in the prestigious Village of Kings Point was renovated to its original glory by the new owners. This mansion is located on a private road leading to the house with a 450 ft long driveway with WATERVIEWS of Manhasset Bay and a grand entrance. The grounds include an incredible Gatsby Style heated pool and cabana with huge wrap around lawn and magnificent grounds. The grand entry foyer leads you to a ballroom, a livings room, banquet size dining room, Library, gourmet state-of-the-art EIK and family room. The 2nd floor features a grand Primary bedroom with walk-in closets and balcony. 4 additional bedrooms with en-suite baths, large den, laundry room and a totally separate 2 Bedroom guest apartment with separate entrance completes the 2nd floor. The third floor has a huge playroom, more bedrooms, bathrooms, gym and tons of storage. This magnificent 8-bedroom, 10-bathroom mansion is the paragon of luxury and elegance, offering breathtaking water views and exclusive dock rights. Situated on over 2 acres of meticulously manicured property, the estate boasts an array of sumptuous features and amenities, ensuring an unparalleled living experience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,800,000
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 | $7,840,000 | $7,840,000 | $7,840,000 |
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 | $7,323 | $7,323 | $7,323 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,131 | $49,554 | $66,158 |
Total Monthly Payment | $52,579 | $57,002 | $73,606 |
* 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.