61 Lower 7 Ponds Road, Southampton (Water Mill), NY, 11976 | $5,295,000

On Golden Pond. Discover an extraordinary and secluded lot for sale in the prestigious Water Mill area, boasting an impressive 8. 8+/- acres of pristine land on the stunning Golden Pond. This property offers numerous possibilities, whether you envision constructing a new masterpiece or enhancing and expanding the existing structures. With the right vision, this expansive 8+ acre site can be transformed into a breathtaking waterfront compound. The property is set in a spectacular, park-like environment, featuring open lawns framed by mature landscaping, privacy and luxury. The western views over the pond provide some of the most romantic sunsets in the Hamptons, making it an idyllic retreat. Currently, the property includes a spacious 4, 000+ sq/ft main residence, a separate charming cottage, an oversized garage with potential for a studio above, and a heated gunite pool. The main house provides both a solarium and a garden room enclosed in glass offering stunning views of the surrounding landscape. It also features multiple bonus rooms. Additionally, there is ample space on the site for a tennis court and other recreational amenities. The long driveway is a beautiful approach to your compound and could be gated for extra privacy. This is a rare opportunity in the Hamptons to create your custom dreamscape on the pond in Water Mill, where the possibilities are as vast as the views. , Additional information: Interior Features: Lr/Dr

Features

  • Town: Southampton
  • Rooms: 15
  • Bedrooms: 4
  • Baths: 4 full
  • Year Built: 1898
  • Heating: Oil, Forced Air
  • Cooling: Central Air
  • Est. Taxes: $8,583
  • Water Front: Yes
  • High School: Southampton High School
  • School District: Southampton
  • Pool: In Ground
  • Appliances: Electric Water Heater
  • MLS#: 3586103
  • Days on Market: 45 days
  • Website: https://www.raveis.com
    /eprop/3586103/61lower7pondsroad_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 Brown Harris Stevens Hamptons   Phone: 631-537-2727

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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

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61 Lower 7 Ponds Road, Southampton (Water Mill), NY, 11976

$5,295,000

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 $4,236,000 $4,236,000 $4,236,000
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 $715 $715 $715
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $24,720 $26,774 $35,746
Total Monthly Payment $25,560 $27,614 $36,586

* 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.