Welcome to a stunning, one-of-a-kind waterfront home in the highly sought-after hamlet of Southold. This custom, modern residence is perfectly situated on Town Creek, featuring 160 feet of waterfront and expansive views of Peconic Bay. It includes a private 6' x 20' floating dock connected by an 82' Trex catwalk. Constructed with meticulous attention to detail, this home is built to last. It boasts high-end structural integrity, energy-efficient elements, and luxurious finishes throughout its sleek, open-concept design, encompassing approximately 4, 500 square feet of living space. The residence is flooded with natural light and showcases architectural features such as floor-to-ceiling windows, floating staircases, a bluestone-covered patio, and a walk-out lower terrace. The modern custom kitchen is adorned with ceiling-height cabinetry, luxury appliances, marble countertops, and porcelain inlays. The great room is anchored by a gas fireplace surrounded by textured porcelain. The upper-level primary suite includes a private balcony, while the main-floor junior suite offers private access to the backyard. The lower level adds 2, 000 square feet for the new owners to personalize, along with a bonus space on the top floor. The offering is complete with mature landscaping and the potential for a water-facing pool. This residence is located in the heart of the North Fork, with close access to Founders Landing Beach, wineries, farm-to-table dining, and the vibrant town atmosphere.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,275,000
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 | $7,420,000 | $7,420,000 | $7,420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $502 | $502 | $502 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $41,550 | $45,085 | $61,121 |
Total Monthly Payment | $42,177 | $45,712 | $61,748 |
* 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.