Rule Your Own Waterfront Kingdom
Presenting a truly once-in-a-lifetime opportunity to own an impressive historical gem at the end of the legendary West Cove Road. This 3 legal bedroom converted into a 2 ample bedroom home is a remarkable waterfront estate that offers a monumental 210 feet of exclusive waterfront, complete with a 40-foot dock, and is steeped in rich local history.
This unique property is located on the very grounds where the notable Mountain Ice Company once stood in the 1800s, harvesting and distributing ice throughout New York City. Just down the road, the beautifully renovated Ice House and the historic Cove Castle, also known as Castle Tavern, stand as living testaments to the area's vibrant past, now offering exquisite dining and entertainment experiences.
Perched high at the end of the Cove, the property offers an unparalleled sense of privacy and endless possibilities for modern updates and personalization. The panoramic views overlooking the waterfront are nothing short of breathtaking, providing a serene backdrop for your future dream home.
The estate also features ample outdoor space for grand entertaining, a generous wrap-around deck that invites alfresco living, a garage, and ample parking. The potential for this home is virtually limitless, offering the perfect canvas for your vision.
This is more than just a property; it's a chance to create your own legacy in a home that stands in history. Seize the opportunity to modernize this gem to your taste and make it your dream waterfront estate. The future of this historic location is in your hands. Additional Information: Amenities: Stall Shower, Steam Shower, Storage, ParkingFeatures: 1 Car Detached,
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $850 | $850 | $850 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,306 | $5,481 |
Total Monthly Payment | $5,195 | $5,248 | $6,423 |
* 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.