10 Candy Lane, Old Westbury (Great Neck), NY, 11023 | $5,950,000

BEST AND MOST DESIRABLE WATERFRONT PROPERTY IN SADDLE ROCK GREAT NECK: This highly coveted legacy property, with over 100 feet of Long Island Sound frontage directly in front of the Throgs Neck bridge, is a yachtsman and water view lover's dream. Having not changed hands in 60 years, this is truly a rare, once in a lifetime opportunity to acquire this quintessential generational Saddle Rock residence. This unique split-level open-design home features a wide, solid oak central staircase that leads to a spectacular living room with soaring 20-foot ceilings and walls of glass showcasing the magnificent view. The oversized bluestone patio, expansive lawn, and well-manicured park-like landscaping bring waterfront living and entertaining to an entirely new level. Open, unimproved village-owned property, including the village dock and mooring area, borders this exclusive location to the west. It offers unparalleled privacy and direct waterfront access. Located just steps from the private village tennis courts, pool, and park, this meticulously maintained, and painstakingly updated residence features custom handmade cabinetry and built-ins throughout, a whole house generator, a central vacuum system, and an extensive underground sprinkler system. In addition, with a comprehensive central station alarm system and a Nassau County Police booth just steps away, security is never a concern. Shown by appointment only.

Features

  • Town: Old Westbury
  • Rooms: 12
  • Bedrooms: 5
  • Baths: 3 full
  • Style: Split Level
  • Year Built: 1957
  • Garage: 2-car Attached
  • Heating: Natural Gas, Baseboard
  • Cooling: Central Air
  • Basement: Finished
  • Acreage: 0.51
  • Est. Taxes: $41,404
  • Lot Desc: Corner Lot, Private
  • View: Bridge(s), City, Open, Skyline, Other, Water
  • Water Front: Yes
  • Elem. School: Saddle Rock School
  • Middle School: Great Neck North Middle School
  • High School: Great Neck North High School
  • School District: Great Neck
  • Appliances: Oven
  • MLS#: 3578355
  • Days on Market: 66 days
  • Website: https://www.raveis.com
    /eprop/3578355/10candylane_oldwestbury_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 Steven R Fruchtman   Phone: 516-322-2989

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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10 Candy Lane, Old Westbury (Great Neck), NY, 11023

$5,950,000

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 $4,760,000 $4,760,000 $4,760,000
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 $3,450 $3,450 $3,450
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,401 $30,086 $40,168
Total Monthly Payment $30,976 $33,661 $43,743

* 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.