NEW CONSTRUCTION JUST FINISHING UP NOW WITH ROOM FOR TENNIS Located at the end of a long driveway with rear southwest exposure. Experience opulence with another quality home by GlenValley Builders. This custom eight-bedroom, nine baths and three-half baths, new construction leaves no detail missed. Each room is its own showcase of fine finishes and top-of-the-line fixtures and appliances including Subzero refrigerator and 48" Wolf Range. This architectural masterpiece is designed with the discerning buyer in mind with custom closet systems in all closets, central vacuum, prewired for indoor/outdoor for speakers and cameras and elevator to all levels. The first floor features a light filled open floor plan, double sided fireplace Living Room/Family Room, a JR suite, powder room, mud room, and an attached 2 car garage with interior stairs leading to lower level. Multiple entry/exits from the living room and kitchen, that leads to a large blue stone patio in the rear for ideal transition from indoors to outdoors. Five zones of HVAC with built in humidifier system for the first-floor zone and built in dehumidifier for lower level zone. The second-floor features five bedrooms all ensuite, the primary suite with private terrace overlooking rear yard, pool area, also, laundry room with 2 sets of machines. The finished lower-level features 2 bedrooms/2 full bathrooms and 1/2 bathroom for recreation area, ample storage and mechanical room with built in dehumidifier. Rounding out the property is a 20' x 45' in ground gunite heated pool with jacuzzi, sun deck platform and motorized cover. Outdoor cabana off the covered patio with hookup for stackable washer/dryer, bathroom and outdoor shower. Included built -in gas BBQ/Kitchen. Room for tennis, padel or paddle ball. Located approximately a few miles from village of Water Mill & Bridgehampton and all its amenities such as the pristine beach and bays that the Hamptons is known for. Also available near by The Water Mill Community Club owns and maintains four buildings, soccer and baseball fields, three tennis courts including a tennis backboard and an enclosed playground. Buildings consist of the Burnett Field House, historic Community House, Tennis House, and the Carpenter storage building. Each of these buildings is unique and different in size and are used or rented for many different events such as Club meetings and events, a pre-school playgroup, class reunions, sports activities, birthday parties and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,250,000
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 | $5,800,000 | $5,800,000 | $5,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.348% | 5.911% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,478 | $35,712 | $48,164 |
Total Monthly Payment | $32,603 | $35,837 | $48,289 |
* 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.