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Welcome to 100 Deforest Rd Unit 433, an oceanfront gem in the heart of Montauk, New York! This unique property is a combination of luxury and convenience, nestled in the prestigious Montauk Shores community. It's an opportunity you won't want to miss, so let's explore the exclusive features of this home together! This stunning residence boasts four spacious bedrooms and one and a half bathrooms, providing ample space for relaxation and tranquility. The home is in pristine condition, with high-end fixtures and appliances that add a touch of elegance to everyday living. The kitchen is a chef's dream, featuring marble countertops that complement the modern design aesthetic. One of the unique characteristics of this property is its location - it's an end unit with no immediate neighbors, ensuring your privacy. The home also includes a generous deck, perfect for soaking up the sun or dining al fresco, and a large outdoor shower, a refreshing amenity after a day at the beach. The property is part of an oceanfront complex that remains open year-round, allowing you to enjoy the breathtaking views and refreshing sea breeze whenever you please. There's plenty of parking available, and it is conveniently located close to the community pool. Living in Montauk Shores is more than just owning a property; it's becoming part of a vibrant community. As a member, you'll have access to a heated swimming pool, a separate pool for children, a large playground, a basketball court, and a clubhouse. For those with a green thumb, there's even a community garden where you can grow your fruits and veggies! This property is a leased site with a monthly maintenance fee of $2, 205. The good news? No property taxes! However, it's important to note that this property must be bought outright, as mortgages are not allowed. This truly is a one-of-a-kind opportunity to own a piece of Montauk's beauty. With its luxurious amenities, privacy, and community perks, 100 Deforest Rd Unit 433 is a place where you can create lasting memories. Don't wait - this property is waiting for you to call it home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 5.932% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,396 | $4,837 | $6,610 |
Total Monthly Payment | $4,488 | $4,929 | $6,702 |
* 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.