160 Forest Avenue, Rye, NY, 10580 | $4,995,000

You’ll find this incomparable, custom Center Hall Colonial, artfully landscaped and screened from the street, at the intersection of luxury, lifestyle and location. Centrally located with cul de sac access, a short walk to beach Clubs, schools, and buzzy restaurants, there’s every reason to fall in love with Rye right here! Constructed by renowned Grasso Development, this 6, 000+ sq ft stone-and-slate stunner with 5 bedrooms, and 7 baths, also incorporates a separate first floor suite with its own entrance with limitless potential for innumerable uses for work or separate living possibilities. Only top-grade finishes and materials throughout: ebony-stained cherry floors, pastel polished Onyx, Calcutta Gold, Carrara, Atelier Saint-Jacques and Marquina marbles, and luxury-spa style bathrooms. The 11 ft ceilings on the first floor and expansive wall space accommodate every kind of art collector. 160 Forest Ave is truly entertainers’ paradise: The large, light-filled luxury kitchen spills into both the butler’s pantry and irresistibly chic family room where family and guests' binge on Netflix, toast holidays and birthdays, and play charades before racing outside for touch football on the lawn. Two terraces each with their own fireplace allow for fabulous outdoor entertaining. Did we mention the spacious 3 car garage wired for your Tesla! You have to come and see all this house has to offer. Note: Taxes successfully grieved to new assessment of $63, 000 effective 1/1/2025 (tax valuation of $5, 000, 000). Based on new assessment, taxes for 2024 would have been $75, 367. Additional Information: Amenities: Dressing Area, Marble Bath, Storage, ParkingFeatures: 3 Car Attached,

Features

  • Rooms: 16
  • Bedrooms: 5
  • Baths: 4 full / 3 half
  • Style: Colonial
  • Year Built: 2008
  • Heating: Natural Gas, Hydro Air
  • Cooling: Central Air
  • Basement: Full, Unfinished
  • Approx Sq. Feet: 6,025
  • Acreage: 0.73
  • Est. Taxes: $81,348
  • Lot Desc: Near School, Near Shops, Cul-De-Sac, Sprinklers In Front, Sprinklers In Rear, Corner Lot, Level
  • Water Front: Yes
  • Elem. School: Midland
  • Middle School: Rye Middle School
  • High School: Rye High School
  • School District: Rye City
  • Appliances: Gas Water Heater
  • MLS#: H6301758
  • Days on Market: 295 days
  • Website: https://www.raveis.com
    /eprop/H6301758/160forestavenue_rye_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 Houlihan Lawrence Inc.   Phone: 914-967-7680

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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160 Forest Avenue, Rye, NY, 10580

$4,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,996,000 $3,996,000 $3,996,000
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 6.700% 6.222% 5.785%
Monthly Tax Payment $6,779 $6,779 $6,779
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,376 $24,280 $32,916
Total Monthly Payment $29,280 $31,184 $39,820

* 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.