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50 Northwest Road, East Hampton, NY, 11937 | $2,595,000
Experience an unparalleled opportunity to own a 7 acre, picturesque, and evergreen parcel of land - Nestled in the tranquil Northwest Woods, yet just 4 miles to Sag Harbor or East Hampton villages, and most importantly just . 9 of a mile to a wonderful sandy beach (for swimming and kayaking) up the street at The Mill Hills Estate of Northwest Harbor, this is your chance to create a truly spectacular, one-of-a-kind compound in the "sweet spot" of East Hampton that the street it is on is named for. The property features plans for an expansive and creatively and thoughtfully designed 12, 000 +/- square foot modern luxury main residence across three levels, including a 20 x 50 gunite pool with a 9 x 9 ft. spa, an 865 sq. ft. pool/guest house, a stone and pebble sunken fire pit, and or course a full-size 60 x 120 tennis court. Refer to the separate listing that includes the land and the house at the same address that can be built for you by Rosewood Developers, a premier Hamptons builder known for building the most beautiful homes of lasting quality and distinction. This Near Northwest Woods area of East Hampton has long been recognized by people in the know for a few important reasons: The lushness of the White Pine natural beauty of the land, the proximity to the pristine beach and views of the Northwest Harbor, and the 3 mile proximity to two world-class villages, replete with fabulous restaurants and marinas. This particular spot is also known as the gateway to Montauk via the harbor. Your boat captain, moored in Sag Harbor, can pick you up in minutes at your favorite harbor spot right near your home and wisk you off for a day of fishing, water skiing or day tripping to Shelter Island, Montauk or the now treasured points north like Greenport, Southold and Orient Point of the North Fork with its plethora of splendid attractions. Seize this extraordinary opportunity to bring to life an incomparable, luxurious Hamptons estate on nearly 7 acres, tailored to your exact specifications.
Features
- Lot Desc: Wooded
- Elem. School: John M Marshall Elementary School
- Middle School: East Hampton Middle School
- High School: East Hampton High School
- School District: East Hampton
- MLS#: 3569869
- Days on Market: 132 days
- Website: https://www.raveis.com
/prop/3569869/50northwestroad_easthampton_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
50 Northwest Road, East Hampton, NY, 11937
$2,595,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,076,000 | $2,076,000 | $2,076,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,280 | $13,293 | $17,659 |
| Total Monthly Payment | $12,405 | $13,418 | $17,784 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535