WATER MILL SECLUDED COMPOUND Down a long driveway, this wonderfully appointed home situated on 2. 5+/- acres offers exceptional privacy and seclusion in Water Mill. The compound features a beautiful main house, a guest cottage, and a pool house, this newly-updated traditional offers 7 bedrooms and 8. 5 baths. The main house features an oversized gourmet kitchen with stainless steel appliances with an open floor plan to the spacious living room with a fireplace. The dining area features several French doors leading to the deck, which overlooks the pool area. Additionally, the main floor features a den with a fireplace, powder room, and a full bath with access to the backyard. The second floor features 2 primary suites. One features a fireplace, access to the balcony, a spa bath with a floating tub, and a 6-foot shower. The other spacious primary suite also features balcony access. Two additional ensuite bedrooms and a laundry room complete the second level. The 2600+/- sf finished lower level with 10ft ceilings features a large recreation room with a kitchenette, game/playroom, gym, a bedroom, full bath, and a laundry room. The separate 600+/- sf guest cottage offers 2 additional bedrooms and a full bath. The 600+/- sf pool house features a lounge, kitchen, and full bath. The private and quiet backyard with an extensive blue stone patio surrounds a heated gunite pool with plenty of space for entertaining. An oversized 3-car garage and an elevator shaft, all ready for an elevator installation, completes this lovely Hamptons home completes this lovely Hamptons home. Nestled between Water Mill and Southampton, just a short distance to ocean beaches, and moments away from top-tier Hamptons boutiques and restaurants, this home offers convenience as well as privacy.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $12,000 | $12,000 | $12,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $80 | $80 | $101 |
Total Monthly Payment | $155 | $155 | $176 |
* 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.