Quintessential Hamptons estate in the heart of Shelter Island . Enjoy the best of both worlds at this traditional Hamptons style home, with approximately 5000sqft of immaculate living space across one level, and nearly an acre of land, it's the perfect setting for the best of year round and seamless indoor-outdoor living. The custom-built home welcomes you with its vaulted ceiling in the foyer, and opens up to its oversized living room with wood burning fireplace. The eat-in chefs' kitchen is outfitted with large island and granite countertops, high end luxury appliances, wet bar and breakfast area leading out to the patio. Nearly every room in the house enjoys direct access to the rear courtyard with patio, heated gunite pool, and wood burning fireplace. The ensuite primary bedroom and full guest suite with living room, kitchenette, and its own wood burning fireplace, bookend the home with their own wing to further the estate feel and maximize privacy and functionality of this thoughtful layout, with two other ensuite bedrooms in between. There is room for expansion in every direction. Nearly all appliances and mechanicals are new or like new under the care of the current and fastidious owner. Enjoy everything both North and South Forks have to offer and the magic of Shelter Island, at this centrally located home. In close proximity to the best beaches, restaurants and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,795,000
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 | $2,236,000 | $2,236,000 | $2,236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $857 | $857 | $857 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,696 | $13,950 | $18,718 |
Total Monthly Payment | $13,677 | $14,931 | $19,699 |
* 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.