557 W Bay Drive, Hempstead (Long Beach), NY, 11561 | $2,950,000

ELEVATOR**Top of the line BRAND NEW WATERFRONT CONSTRUCTION**Five bedroom 4. 5 Bathroom directly on the Bay. Brand New Everything Top of the Line Appliances with LG Washer and Dryers, Wolf Stove and Oven, Subzero Refrigerator, Ove Toilets with a Fireplace and an Elevator for your convenience. Two standalone Tubs with one in the primary bedroom. Hardwood floors throughout, with immaculate ceramic tiles in the bathrooms. First Floor has two large bonus rooms with Garage and coat closet. Second Floor has 4 Large Bedrooms with 3 Full Bathrooms, Laundry, and Utility Room with Large Waterfront Deck. Third Floor has Massive Waterfront Primary On Suite, Kitchen, Dining Area and Living Room with a Large Waterfront Deck. This property offers a blend of modern amenities, high-end finishes, and a prime waterfront location, making it an attractive option for those seeking a luxurious lifestyle. The inclusion of an ELEVATOR & FIREPLACE, and top-notch appliances, and dock for your boat adds to the convenience and comfort of the home. The multiple decks and proximity to the bay and ocean also enhance the overall appeal, providing residents with a serene and beautiful environment. Live in Long Beach and enjoy everything this beach community has to offer From the Boardwalk to the Atlantic Ocean. Come live in the lap of luxury in this pristine waterfront house. , Additional information: Appearance: Pristine

Features

  • Town: Hempstead
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 4 full / 1 half
  • Style: Contemporary
  • Year Built: 2023
  • Heating: Natural Gas, Baseboard, See Remarks
  • Cooling: Central Air, ENERGY STAR Qualified Equipment
  • Est. Taxes: $0
  • Lot Desc: Near Public Transit, Near School
  • View: Other, Panoramic, Open, Water
  • Water Front: Yes
  • Elem. School: West Elementary School
  • Middle School: Long Beach Middle School
  • High School: Long Beach High School
  • School District: Long Beach
  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Microwave, Oven, Refrigerator, Tankless Water Heater, Washer
  • MLS#: 3519619
  • Days on Market: 253 days
  • Website: https://www.raveis.com
    /eprop/3519619/557wbaydrive_hempstead_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 Douglas Elliman Real Estate   Phone: 516-432-3400

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@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

557 W Bay Drive, Hempstead (Long Beach), NY, 11561

$2,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $2,360,000 $2,360,000 $2,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.748% 6.396% 6.036%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,400 $14,531 $19,756
Total Monthly Payment $13,525 $14,656 $19,881

* 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.