Welcome to 436 Ocean, an exquisite architect-designed private compound situated behind a large dune on the East End of the Pines. Following a comprehensive renovation, this home blends modern luxury with breathtaking natural beauty. The home includes five spacious bedrooms (three king-sized and two queen-sized) - each with its own ensuite bathroom and pool or ocean views - as well as five bathrooms with custom vanities and showers and brushed Carrera marble. There are 10-foot ceilings and walls of glass in the upstairs living/dining area and master suite offering dramatic views of the ocean, extensive tongue and groove paneling throughout the home and a gourmet kitchen with high end appliances, including two Miele dishwashers, a 36" Bosch gas range, double refrigerators, a commercial icemaker, dual Kraus sinks and custom cabinetry as well as a separate built-in bar with wine refrigerator. High-end furnishings from Safavieh, HD Buttercup and others fill the rooms. All new systems have been installed including dual HVAC compressors, dual on-demand gas hot water heaters, a 140k BTU pool heater, a 36"x34" Regency Grandview G-800EC fireplace, custom remote-operated sunshades, and dual LG washer dryers. Additionally, the architect-designed lighting plan features Lutron Caseta smart home automation. There are separate outdoor entertaining areas for pool, hot tub and oceanfront dining, all with new mahogany decking and marine cable railings as well as an outdoor powder room. The sale price includes (1) a new Polaris Ranger SP 570 utility vehicle that can be used on Fire Island Blvd and parked 2 minutes from the home and (2) a permit to build a private beach access walk, which can be completed as soon as the fall. Select weeks are also available for rent at $30, 000/week during July and August.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,850,000
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 | $3,080,000 | $3,080,000 | $3,080,000 |
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 | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,142 | $1,142 | $1,142 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,488 | $19,215 | $25,783 |
Total Monthly Payment | $18,755 | $20,482 | $27,050 |
* 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.