DIRECT WATERFRONT WITH 100' of PRIVATE BEACHFRONT AND RARE OPPORTUNITY TO BUILD A STUNNING HOME ON COMPO MILL COVE WITH A POOL. This is the lifestyle you have been dreaming of. A little slice of Paradise. Come breathe in the saltwater air and see all that this hidden jewel has to offer located on Compo Mill Cove, a gated private waterfront enclave of 19 homes. This property offers the rare opportunity to build on one of the most iconic oceanfront estates in all of Westport on one of the largest lots on the Cove just steps from the footbridge. A four-season canvas of nature painted by sun and tide, breathtaking panoramic views are the hallmarks of this prominently sited property with water views of the Long Island Sound and Sherwood Mill Pond on both sides. Sunsets, abundant wildlife including Blue heron, egrets and butterflies grace the landscape and are guaranteed to make the background of your phone and computer!! Enjoy your coveted private access to the Long Island Sound and your own sandy beach, whether by swimming in the glorious water, playing in the sandbars, embarking on a paddle board adventure, or taking a sunset sail. Return to your waterfront sanctuary to dine & dance under the stars, and enjoy a nightcap while taking a stroll around your glorious, manicured property while admiring the pristine shoreline. Live like you are on vacation year-round on your own private sanctuary in the perfect place.
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$2,575,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,060,000 | $2,060,000 | $2,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.748% | 6.396% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,696 | $12,684 | $17,245 |
Total Monthly Payment | $11,821 | $12,809 | $17,370 |
* 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.