46 Palmer Terrace, Southampton (Sag Harbor), NY, 11963 | $8,995,000

Historic charm and modern comfort blend flawlessly in this serene Sag Harbor Village property following a multiyear renovation and expansion. Sited on nearly one acre, this magnificent hilltop property offers a gracious welcome with its deep wraparound front porch and rolling front lawn. Inside, the bright living room, centered around the original fireplace, and dining room respect the traditional character of the home, but seamlessly integrate a modern sensibility with an open flow to the stunning gourmet kitchen. The kitchen will satisfy the most discerning chef, and features custom cabinetry, high-end appliances, two sinks, two dishwashers, and a separate butler's pantry. Unwind in the luxurious primary suite, complete with a gas fireplace, barrel-vaulted ceiling, walk-in closets, and a spa-like marble bathroom. A guest bedroom, separate den, full bathroom, half bathroom, and large screened-in porch complete the first level. Upstairs, there are two additional guest bedrooms with en-suite bathrooms, a second den that can convert to a bedroom, and a laundry room. The walk-out lower level features 10' ceilings and can be used as a media room or gym, and includes a second laundry space and approvals for an additional bedroom and pre-plumbed full bathroom. Outside, a serene oasis enveloped by lush landscaping includes a heated gunite saltwater pool, stone patio with a fire feature, built-in grill, outdoor shower, and separate pool house with a half bathroom. A separate two-car garage is located at the back of the property with easy proximity to a side entrance to the home. Experience the vibrant Sag Harbor lifestyle, with easy access to world-class dining, shopping, marinas, and cultural attractions.

Features

  • Town: Southampton
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Style: Craftsman
  • Year Built: 1910
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air
  • Basement: See Remarks, Finished, Walk-Out Access
  • Est. Taxes: $27,941
  • Lot Desc: Sprinklers In Front,
  • Elem. School: Sag Harbor Elementary School
  • Middle School: Pierson Middle/High School
  • High School: Pierson Middle/High School
  • School District: Sag Harbor
  • Appliances: Electric Water Heater
  • MLS#: 3575795
  • Days on Market: 91 days
  • Website: https://www.raveis.com
    /eprop/3575795/46palmerterrace_southampton_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 Douglas Elliman Real Estate   Phone: 631-283-4343

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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
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46 Palmer Terrace, Southampton (Sag Harbor), NY, 11963

$8,995,000

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

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,196,000 $7,196,000 $7,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment $2,328 $2,328 $2,328
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $41,994 $45,484 $60,724
Total Monthly Payment $44,447 $47,937 $63,177

* 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.