Privacy and convenience highlight this unique location. Situated halfway between town and Cisco beach, this elevated property sits on 2. 25 acres and is nestled close to large swaths of conservation land. Hanley Development has partnered with Emeritus to create an incredible estate on this special piece of the island. The home offers 4, 000 square feet of ground cover with the potential of eight bedrooms between three buildings. Each structure opens to a large pool that overlooks a conservation easement. Expansive decks and multiple outdoor spaces highlight this unique space. Construction has not yet started, but there are approved plans. The plans take advantage of the higher elevation and southern exposure with the house overlooking a field of wildflowers. A portion of the property closest to Hummock Pond Road has a conservation easement, but can still be used for agricultural use or to pasture a horse. First Floor Enter into an open foyer that gives glimpses of the bright open concept home. This area has thoughtful storage and an office, with the first floor primary suite off of this space. The oversized mudroom with separate laundry comes off of the garage/pool area and enters into the kitchen. The kitchen, dining and living room all have dramatic southern light and access to multiple decks on the southern and northern side of the house. The spaces, while together, also have a natural separation so that everyone feels as though they are in their own area. Second Floor The large second floor with high ceilings features three gracious bedrooms, all of which are ensuite. The largest of which, sits on the south side of the home with a private deck and can be an alternative primary suite. Basement The lower level has been designed to be open with abundant natural light. The conceptualized floor plan features a living space and game room, divided by an open entertaining space and access to a full walkout patio. Additionally, there are two bedrooms, both ensuite and the opportunity to have a gym. Secondary Dwelling The second dwelling will be a reimagined single story farmhouse that existed on the property. This building will feature a living space with a kitchen and two additional bedrooms that share a bath.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $8,796,000 | $8,796,000 | $8,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $448 | $448 | $448 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $50,635 | $55,597 | $74,226 |
Total Monthly Payment | $51,208 | $56,170 | $74,799 |
* 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.