Welcome to "The Meadows" a stunning Colonial Revival home that epitomizes the architecture of the late 1800's. This home was part of the original 75 acres Magoun estate used as a summer retreat for the Magoun family. Nestled on just shy of an acre of meticulously landscaped grounds, this magnificent residence has undergone a complete transformation, embodying the pinnacle of luxury living. Spanning across 3 floors of luxurious living & 5400 square feet of exquisite craftsmanship & thoughtful design, this 5 bedroom, 3. 5 bathroom waterfront estate offers an unparalleled living experience. As you approach, the grandeur of the property is immediately apparent, with meticulously manicured mature landscaping framing the impressive facade, showcasing a pedimented entrance highlighted by a striking Palladium window & fanlight in the gable peak. Ornate urn finials, elaborate cornice detailing & dental molding wrap the entire house showcasing its architectural splendor. Stepping through the front door, you are greeted by an impressive center hall adorned with elegant details and flooded with natural light, setting the tone for the rest of the home. The first floor boasts 9 1/2' ceilings, crown & base moldings, quater sawn oak floors & an abundance of floor to ceiling windows that bathe every corner in natural light, creating an inviting atmosphere throughout. The centerpiece of the home is the exquisite gourmet kitchen, boasting custom cabinetry, exquisite Carrera marble countertops & Carrera marble subway tile backsplash. A top-of-the-line Viking 6 burner stove, Sub Zero refrigerator, wine refrigerator, & Miele dishwasher ensures that culinary delights abound, perfect for entertaining family & friends. A wall of windows & French doors off the kitchen provide access to the Hampton style backyard with 122' of navy bulkhead, 3 blue stone patios with river rock walls, a covered heated pergola, salt water heated in-ground pool, custom fountain & summer sunsets on the bay. Adjacent to the kitchen, a spacious dining room offers direct views of the picturesque mature landscaping, while the cozy family room, complete with recessed lighting & ample space for entertainment, seamlessly connects to the elegant living room. Here, a wood-burning fireplace sets the scene for intimate gatherings, with French doors to a second pergola. The second floors boasts a large primary suite w/ wood burning fireplace, Carrera marble primary bath with dual vanity, dual showerhead walk-in shower, radiant heat & WIC. Also off the primary suite is a place to savor your morning coffee or toasting to another spectacular sunset, the veranda provides the perfect setting to soak up in the serenity of waterfront living. The third floor of this extraordinary renovated colonial is a true hidden gem, designed to impress. Featuring new windows that flood the space with natural light, this level showcases wide plank wood floors & a luxurious Carrera marble bathroom. An additional living space offers endless possibilities, whether for a cozy retreat, home office, or entertainment area. This unexpected surprise adds both charm & functionality, making this home a standout choice for discerning buyers. A mudroom adds convenience & functionality to the house & connects to a newly designed two car garage with high lift garage doors for multiple exotic & large car storage. Owners enjoy exclusive access to the Magoun Landing gated private beach association (yearly fee) which hosts numerous events for the community. Conveniently located to Babylon train station, Fire Island ferries & Southward Ho Country Club.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $2,060 | $2,060 | $2,060 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,772 | $15,111 | $20,075 |
Total Monthly Payment | $15,957 | $17,296 | $22,260 |
* 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.