29 East Drive, #-, East Hampton (Montauk), NY, 11954 | $2,288,000

Welcome to the pinnacle of luxury living in Montauk's exclusive Steppingstone community with this STUNNING DESIGNER Townhouse. This custom-finished three-bedroom, two and-a-half bath corner townhouse unit has been completely renovated. Designed for ultimate privacy and captivating views, this transitional-modern style home has been meticulously upgraded with high end finishing that elevates your living style and entertaining space. Crafted by a renowned builder-famed for renovating Gurney's Hotel & Spa and Montauk Yacht Club-this residence exudes unparalleled craftsmanship. The grand foyer, adorned with elegant stainless railing imported from Italy's Marretti, creates an inviting, luxurious ambiance. Upstairs, the open-concept living area is bathed in natural light, with a chef's kitchen boasting custom designer cabinetry, Viking appliances, and solarium windows. The living room opens to an expansive deck with breathtaking views of Lake Montauk and lush surroundings, ideal for relaxation or entertaining. The main level features a tranquil primary suite with a spa-like ensuite bath, two large closets, and glass doors leading to a serene balcony with sweeping views. Two additional generously sized bedrooms share a beautifully updated bath. Both full baths exude sophistication, featuring Italian tiles and premium Grohe fixtures from Germany. A dedicated laundry room and an exterior closet that is perfect for storing surfboards, bicycles, and other outdoor gear completes the conveniences. This home offers not just a residence but a lifestyle, with community amenities including a large-heated pool and meticulously maintained grounds. Centrally located near downtown dining, tennis, Ditch Plains Beach, Montauk Downs golf course, Montauk lighthouse and fishing marinas, this is Montauk living at its finest-an escape from the ordinary into the extraordinary.

Features

  • Town: East Hampton
  • Parking: 2-car, Assigned, Common
  • Heating: Electric
  • Cooling: Central Air
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Complex: Steppingstone
  • Year Built: 1985
  • Approx Sq. Feet: 1,700
  • Acreage: 31.34
  • Est. Taxes: $2,728
  • View: Panoramic, Water
  • Elem. School: Montauk School
  • Middle School: Montauk School
  • High School: East Hampton High School
  • School District: Montauk
  • Pool: In Ground
  • Pets Allowed: Yes
  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • MLS#: 3588906
  • Days on Market: 23 days
  • Website: https://www.raveis.com
    /prop/3588906/29eastdrive_easthampton_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 BERKSHIRE HATHAWAY   Phone: 516-741-3070

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

29 East Drive, #-, East Hampton (Montauk), NY, 11954

$2,288,000

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 $1,830,400 $1,830,400 $1,830,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $227 $227 $227
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,393 $11,419 $15,323
Total Monthly Payment $10,745 $11,771 $15,675

* 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.