Step into tranquility and behold your ideal home at 708 Cypress Bay. This haven is tailor-made for crafting cherished memories with loved ones. Spanning nearly 5000 square feet, this residence is a testament to impeccable craftsmanship and luxury at every corner. Upon entry, be greeted by the awe-inspiring 18-foot tall coffered ceiling and expansive windows bathing the living room in natural light. The gourmet kitchen is a chef's delight, equipped with top-of-the-line stainless steel appliances, a gas range cooktop, and abundant custom cabinetry complemented by granite countertops. Whether hosting an intimate gathering or a grand soirée, options abound—from casual dining at the kitchen bar to elegant affairs in the formal dining room overlooking the serene lake. The main level boasts two bedrooms, including the lavish owner's suite featuring deck access, hardwood floors, and a spa-like ensuite complete with a Jacuzzi tub and walk-in tile shower. Additionally, a spacious laundry room and three-car garage provides convenience and functionality. Upstairs, a cozy loft and three bedrooms provide ample space for guests, while the lower level is an entertainer's paradise. A private guest suite and second living area await, but the highlight is the expansive bar and recreation space, perfect for lively gatherings. Step outside to discover a covered oasis, complete with a fireplace, bar, and ample seating—a picturesque setting for lakeside enjoyment. The meticulously landscaped backyard transitions seamlessly to a covered dock, nestled in clear, protected waters—ideal for swimming and fishing. Located in a tranquil cove, the absence of boat traffic ensures peaceful serenity and minimal maintenance. Whether seeking a primary residence or a vacation retreat, 708 Cypress Bay Lane provides unparalleled luxury and entertainment for all ages. Experience the epitome of lakeside living and create lasting memories in this exceptional home. Check out the virtual tour and 3D Matterport
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,175,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,740,000 | $1,740,000 | $1,740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $1,082 | $1,082 | $1,082 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,572 | $10,572 | $14,683 |
Total Monthly Payment | $11,779 | $11,779 | $15,890 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.