Down a long driveway, this wonderfully-appointed compound situated on 2. 5+/- acres offers exceptional privacy and seclusion in Water Mill. Consisting of a beautiful main house, separate guest cottage and a separate pool house, this newly-built traditional offers 7 bedrooms and 8. 5 baths. The main house has a gorgeous, oversized gourmet kitchen with stainless steel appliances with an open floor plan to the spacious living room with fireplace. The dining area also offers an open floor plan for easy living with several French doors leading to the deck, which overlooks the pool area. Additionally, the main floor features a den with fireplace, powder room and a full bath with access to the outdoors. The second floor features 2 master suites, 1 with a fireplace, access to the outside and a beautiful master bathroom, 1 with a floating tub and a 6 foot shower with 2 shower heads. The other generously-sized master suite also offers access to the outside, plus 2 additional ensuite bedrooms and a laundry room. The 2600 sq. ft finished lower level with 10' ceilings has a large recreation room with kitchenette, game/playroom, gym, a bedroom, full bath and a laundry room. The separate 600 sq. ft. guest cottage offers 2 additional bedrooms and full bath and a 600 sq. ft pool house, living room with flat screen TV and a kitchen with full bath. The private and quiet backyard with extensive blue stone patio surrounds a heated gunite pool with plenty of space for entertaining. An oversized 3 car garage and an elevator shaft, all ready for an elevator installation to run the 3 floors, complete this lovely Hamptons home. Nestled between Water Mill and Southampton, just a short distance to ocean beaches, and moments away from top-tier Hamptons boutiques and restaurants, you are afforded convenience as well as privacy.
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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 | $5,316,000 | $5,316,000 | $5,316,000 |
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 | $636 | $636 | $636 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,602 | $33,601 | $44,859 |
Total Monthly Payment | $31,363 | $34,362 | $45,620 |
* 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.