Embrace Waterfront Elegance at Cold Spring Point. Nestled within the highly sought-after Cold Spring Point Beach Community in Southampton, this stunning home, designed by well-known local architect, John David Rose, AIA, epitomizes luxurious waterfront living. Spanning 3, 000 square feet over the first two floors, it majestically overlooks Cold Spring Pond and is just steps away from the inviting Peconic Bay Beach. The home's open floor plan and generous windows and doors provide breathtaking panoramic views of the bay and pond from every room. The first floor features a cozy great room with a charming stone fireplace, a well-appointed kitchen with high-end appliances and a center island, and a dining area perfect for hosting gatherings. Convenience is key, with a powder room, laundry room, and walk-in pantry also located on this level. Ascending to the second floor, discover a serene primary suite complete with a covered porch, perfect for enjoying sunrises and your morning coffee. Three additional en suite bedrooms are located upstairs, one of which features a balcony overlooking the water. The finished attic offers 760 square feet of additional space. Four bedrooms and four and a half bathrooms are flooded with natural light. Sunrise and sunset views from decks and bedroom terraces are breathtaking. With beach access just feet away, this private retreat features over 100 feet of newly bulkheaded waterfront. Enjoy swimming or paddleboarding in Cold Spring Pond, or boating to the Great Peconic Bay. Ample outdoor space allows for al fresco dining and lounging, and a private dock beckons boating adventures. An outdoor shower rounds out the outdoor amenities.
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William Raveis Real Estate
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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 | $3,436,000 | $3,436,000 | $3,436,000 |
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 | $1,250 | $1,250 | $1,250 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,325 | $22,001 | $29,227 |
Total Monthly Payment | $21,700 | $23,376 | $30,602 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.