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This is the last of its kind house! First time ever on the market, this is a unique opportunity to own in the desirable and charming Historic District in the Village of Sag Harbor, a prime waterfront on Glover Street. This location is considered the most sought-after in the Village, boasting 100+ feet of panoramic waterfrontage, half bulkheaded, on stunning and protected Upper Sag Harbor Cove with deep water dock; featuring a separate legal pre-existing/non-conforming living cottage including one full bedroom, full bath, living and cooking area with a private deck just 10+/- feet to the water and your own private dock. The property features 0. 60+/- acre of wonder land, western waterfront exposure where you can enjoy the best waterfront sunsets right from your home. The main residence includes 4 bedrooms and 3. 5 baths with an approximate 4, 068 sqft of indoors living area plus huge covered porche, balconies and decks surrounding this beautiful unique house. The 5th bedroom is located in the legal guest house/cottage with over 550 sqft of living area plus around 300 sqft of private porch/deck. In main house enjoy a living room with coffered ceilings, fireplace and French doors leading to the ample covered, water facing porch ideal for dining al fresco. Entertain in the ample eat-in kitchen with fireplace, formal dining room with fireplace, all featuring floor to ceiling French doors towards the decks facing the backyard and the water. The expansive primary en-suite bedroom features a den/office with a spectacular balcony towards the west facing waterfront. Grandfathered waterside 40' x 20' free-form gunite pool. Don't let this exceptional premier and iconic opportunity pass by; use your imagination to update the existing house or build a new waterfront dream home. All this just a few blocks away to the center of the iconic Sag Harbor Village, the best marinas, shops and restaurants, close proximity to all towns including bay and ocean beaches. Listing ID: 917920
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$15,000,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $12,000,000 | $12,000,000 | $12,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $2,556 | $2,556 | $2,556 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $69,079 | $76,837 | $102,075 |
Total Monthly Payment | $71,760 | $79,518 | $104,756 |
* 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.