12 Island Drive, Rye (Rye City), NY, 10580 | $10,990,000

It does not get better than this! Start your mornings and end your days with dramatic sunrises and colorful sunsets at one of Rye's most coveted waterfront sanctuaries. Custom built in 2004 by the current owner, this handsome 8000 sq. ft. stone and slate home was thoughtfully designed and situated to take advantage of the 240 feet of direct LI Sound frontage to the east as well as Tide Mill Harbor views out front, providing breathtaking panoramic water views from virtually every room. Perched gracefully above the LI Sound, this home provides the epitome of entertaining indoors and out. Enjoy the glistening pool and spa, watch the boats go by as you dine with friends and family on the multi-tiered flagstone terrace, or catch a game on TV with the cozy outdoor fireplace blazing. Have your own touch football game on the expansive level lawn, launch your paddle board from the back yard or relax and enjoy the ever changing magnificent skyscapes -- the possibilities are endless. This home is one of 39 estates located in the gated, prestigious North Manursing Island community in which residents ride bikes on the private streets, launch boats on the LI Sound from the community marina, or head to the sandy private association beach. All this yet still so close to beach clubs, public and private schools, downtown Rye's shops and restaurants and Metro North. You can have it all at 12 Island Drive where luxury coastal living awaits!

Features

  • Town: Rye
  • Rooms: 17
  • Bedrooms: 5
  • Baths: 7 full / 1 half
  • Style: Colonial
  • Year Built: 2004
  • Garage: 4-car Attached
  • Heating: Oil, Propane, Forced Air, Hydro Air, Radiant
  • Cooling: Central Air
  • Basement: Finished, Walk-Out Access
  • Approx Sq. Feet: 8,198
  • Acreage: 1.21
  • Est. Taxes: $124,664
  • Lot Desc: Level
  • View: Water
  • Water Front: Yes
  • Elem. School: Midland School
  • Middle School: Rye Middle School
  • High School: Rye High School
  • School District: Rye
  • Pool: In Ground
  • MLS#: H6274755
  • Days on Market: 377 days
  • Website: https://www.raveis.com
    /eprop/H6274755/12islanddrive_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

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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
  • 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
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Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

12 Island Drive, Rye (Rye City), NY, 10580

$10,990,000

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 $8,792,000 $8,792,000 $8,792,000
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 $10,389 $10,389 $10,389
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $49,233 $53,421 $72,422
Total Monthly Payment $59,747 $63,935 $82,936

* 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.