Located south of the highway in Southampton's prestigious Fordune Association and just moments from the ocean, close to town, this exceptional estate represents the epitome of luxury living in the Hamptons. Over 5. 5 acres, the property boasts expansive lawns, meticulously-maintained gardens and millions of specimen plantings, ensuring unmatched privacy, tranquility and a parklike, amenity-rich environment. Built under the most rigorous commercial building standards/codes, This magnificent residence of approximately 20, 000 square feet (including the finished lower level) and including 2, 634 square foot accessory building that serves as a state-of-the-art fitness center. Additionally enjoy the pool house, saltwater 40x60 swimming pool, tennis court with pavilion, basketball court and a 2-car garage/service building, primarily used for storing golf carts, which provide access to the ocean beach via the Fordune Association's beach access right of way. The home includes 13 bedrooms, 14 full baths and 2 half baths, a grand foyer entrance boasting 20 foot high ceilings and a one-of-a-kind Natural American and Brazilian walnut staircase and wood flooring. Impressive 35 x 25 foot living room with 21 foot ceilings and fireplace. The east wing first floor houses a media room, a beautiful office/library with a stunning walnut finish and coffered ceilings, and a bedroom suite. The second floor includes a library and 2 bedroom suites, the expansive suite primary bedroom with a sitting area, 4 closets, a large walk-in, 2 bathrooms and a balcony. The west wing first floor features 2 bedroom suites, a junior primary bedroom, formal dining room and a professional kitchen with an expansive sitting area plus breakfast area. A second staircase leads to the very private guest wing with 5 bedroom suites. The lower level, includes a state-of-the-art wine storage, a recreation room with a fireplace and media room and private staff/guests quarters with a living room, 2 bedrooms and 2 full baths.
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Our Executive Mortgage Banker:
Our Insurance Division:
$37,500,000
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 | $30,000,000 | $30,000,000 | $30,000,000 |
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 | $5,600 | $5,600 | $5,600 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $172,697 | $189,620 | $253,157 |
Total Monthly Payment | $178,422 | $195,345 | $258,882 |
* 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.