Welcome to 40 Ocean (LOT 3) Avenue, a once-in-a- lifetime opportunity to build your dream residence in one of Westchester's most esteemed neighborhoods. Nestled in the heart of the prestigious Larchmont Manor coastal community, this prime . 35-acre parcel directly across the street from the water's edge offers stunning Long Island Sound views, and the perfect canvas to bring your vision to life. This expansive lot provides the flexibility to design a grand estate or a more intimate retreat. Embrace multiple levels, a grand foyer, formal dining and living rooms, a formal study, a library, a wrap-around porch, and expansive outdoor spaces perfect for family gatherings and elegant entertaining. The possibilities are endless! Imagine your future home among some of the most architecturally significant and sought-after properties in Westchester County and beyond. This is a rare and exciting chance to craft a stunning residence that reflects your unique style and sophistication. You will enjoy easy access to the picturesque Larchmont Manor Park, Horseshoe Harbor Yacht Club, and exclusive private beach clubs blocks away. Immerse yourself in the vibrant downtown area, where charming boutiques, acclaimed restaurants, and essential conveniences await. Chatsworth Elementary School, the French-American School, the Public Library, and many playgrounds and green spaces are also conveniently situated within easy walking distance, making this an ideal location for all generations. 40 Ocean (LOT 3) Avenue is more than just a location - it is an invitation to create a home of distinction and elegance in an iconic community renowned for its charm and architectural heritage. Don't miss this exceptional opportunity to build your dream home in a setting that blends coastal living with the dynamic energy of a thriving, prestigious neighborhood. Please do not walk the property without an appointment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,295,000
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 | $1,836,000 | $1,836,000 | $1,836,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,425 | $11,305 | $15,246 |
Total Monthly Payment | $10,550 | $11,430 | $15,371 |
* 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.