418 Ocean Walk is an architect-designed oceanfront home built to current building and elevation codes from the ground up in 2016. It features 12' ceilings on the main level and 10' ceilings on the upper level. The main level includes an open kitchen with Miele appliances, suspended wood burning fireplace, powder room and walls of glass looking out to the mahogany pool deck and ocean. The upper level features three ocean facing bedrooms with balconies, all of which are ensuite with large closets, and a vented washer dryer. There are two master suites with king beds and showers with views to the ocean as well as a queen sized suite. A large hot tub is located on a separate roof deck with panoramic unobstructed views of the ocean, bay and Fire Island itself. The pool deck - open yet protected from winds - comfortably accommodates outdoor dining, separate areas for lounging and a heated oceanfront pool. There is direct beach access via a private walk built in 2021. In addition to new furnishings, the wood floors have been just been refinished and new remote operated blinds have been installed in the bedrooms. One of three HVAC systems is brand new. The others are less than three years old. Pool heater is 2 years old. Roof was recoated less than two years ago. House is fully winterized, including a basement the size of the ground floor with high ceilings that functions as storage and could include a home gym.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
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 | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $656 | $656 | $656 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,898 | $17,468 | $23,439 |
Total Monthly Payment | $16,679 | $18,249 | $24,220 |
* 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.