An extraordinary opportunity awaits with 3. 2 acres of prime real estate, perfectly positioned just moments from the refined dining, boutique shopping, and vibrant entertainment of historic Sag Harbor. Tucked away on a flag lot bordered by mature trees, this property offers unparalleled privacy, flanked by the prestigious Bridge and Noyac Golf Clubs. The site presents the ideal canvas for crafting your dream estate, with potential for serene water views and ample space for luxury amenities, including a pool, pool house, and tennis court. Its enviable location ensures seamless access to the charm of Southampton Village, the pristine beaches of the Hamptons, and the lively nightlife of Montauk. Approved for a residence exceeding 10, 000 square feet, this property can accommodate a magnificent home featuring 8+ bedrooms, 8+ bathrooms, and all the hallmarks of upscale living. This is a rare chance to create an unparalleled retreat in one of the most coveted areas of the Hamptons.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $2,960,000 | $2,960,000 | $2,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,510 | $18,953 | $25,179 |
Total Monthly Payment | $17,635 | $19,078 | $25,304 |
* 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.