54 E Lake Drive, East Hampton (Montauk), NY, 11954 | $1,795,000

Welcome to Montauk's Dome Home! Experience the epitome of architectural innovation and exclusivity with this one-of-a-kind dome home in Montauk. Situated on a secluded private road, this custom-built residence offers a rare opportunity to indulge in a lifestyle of tranquility and luxury all in one. The striking design boasts 360 views, allowing you to enjoy the beauty of Montauk from every direction. Inside, you'll discover a meticulously crafted interior featuring custom stone floor, huge windows and airy cathedral ceilings that will inspire new ways to relax, create and entertain. Complete with 3 spacious bedrooms and 2. 5 bathrooms, this home is designed for comfort and convenience. Imagine waking up nestled in natural serene surroundings and starting your day with breathtaking views on the sun-splashed deck. Also from the third floor, you can catch a glimpse of Connecticut. Located close to the area's famous beaches, the Montauk Lighthouse and the village, you'll have easy access to everything Montauk has to offer. Whether you spend time dining at exquisite restaurants, surfing along the coast, or simply basking in the sun, the Dome puts you close to it all. In addition to the secluded location, this property offers low annual taxes, making it one of the wisest investments in the posh Hamptons area. The dome home in Montauk is not just about the property itself; it's about the exclusivity, privacy and possibilities that come with owning such a unique residence as your perfect nearby escape from New York. Watch tranquility take shape with this once-in-a-lifetime opportunity.

Features

  • Town: East Hampton
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Style: Other
  • Year Built: 1984
  • Garage: 1-car Attached
  • Heating: Other, Baseboard
  • Cooling: Window Unit(s)
  • Basement: Partial
  • Approx Sq. Feet: 2,000
  • Acreage: 0.22
  • Est. Taxes: $5,570
  • Elem. School: Montauk School
  • Middle School: Montauk School
  • High School: East Hampton High School
  • School District: Montauk
  • MLS#: 3543970
  • Days on Market: 224 days
  • Website: https://www.raveis.com
    /eprop/3543970/54elakedrive_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 Signature Premier Properties   Phone: 631-642-2300

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

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

54 E Lake Drive, East Hampton (Montauk), NY, 11954

$1,795,000

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 $1,436,000 $1,436,000 $1,436,000
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 $464 $464 $464
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,041 $8,725 $11,829
Total Monthly Payment $8,630 $9,314 $12,418

* 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.