Located in Water Mill, South of the Highway, with access to Mecox Bay, on a coveted, private lane, this luminous, new shingle-style construction features 6 bedrooms, 6. 5 baths and 2 fireplaces across 5, 400+ sf of living space. A light-filled entry leads to an open, spacious living room in a home featuring modern Asian decor. Five ample sliding glass doors open directly to the bluestone back patio, a heated gunite 20x40 pool, and a beautifully-landscaped backyard. The home also offers 2 primary suites with separate showers and soaking tubs, 4 ensuite bedrooms, including one with its own private entrance and patio. On the second floor, there are a library/meditation room and a private office space. The ground floor includes a recreation room with a ping-pong table and one bay within the 2-car attached garage. Additional amenities include multiple outdoor areas for dining and entertaining, a gas-fired grill, a covered loggia, outdoor shower, and solar panels with backup electric storage. Just a few hundred feet down the road is water access to Hayground Cove and Mecox Bay beyond, perfect for kayaking, canoeing, or paddle boarding. The pristine Flying Point Beach is just a short distance away on the quiet back roads of quaint Water Mill.
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Our Executive Mortgage Banker:
Our Insurance Division:
$165,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $132,000 | $132,000 | $132,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $900 | $877 | $1,113 |
Total Monthly Payment | $975 | $952 | $1,188 |
* 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.