47 King Street, Southampton (Hampton Bays), NY, 11946 | $899,000

Investors Delight: Dual Cottages with Ocean Proximity!** Investor Opportunity with this unique opportunity to own not one, but two delightful cottages just a stone's throw from the ocean with high income potential Perfectly suited for an astute investment, these cottages offer an abundance of potential waiting to be unlocked. **Cottage 1: Cozy Comfort Meets Coastal Charm** Step inside the first cottage, and you'll be greeted by a warm and inviting atmosphere. This one-bedroom haven features a spacious living room complete with a charming fireplace—perfect for cozy evenings spent with loved ones. The adjoining dining area is perfect for family meals while the well-appointed kitchen makes cooking a joy. Additionally, a bright den offers versatility as a home office, reading nook, or extra guest space. Imagine sipping your morning coffee on the porch, listening to the soothing sounds of the ocean breeze. **Cottage 2: Modern Living with a Beachy Vibe** The second cottage boasts an open floor plan that seamlessly connects the living room, dining area, and kitchen, creating an airy and welcoming space bathed in natural light. This one-bedroom retreat is ideal for guests or as a rental property, offering a perfect blend of comfort and style. With its contemporary design and functional layout, it provides a tranquil escape after a day spent exploring the nearby beaches. **Outdoor Bliss: Endless Possibilities Await** Both cottages are surrounded by lush greenery and landscaped gardens, providing a serene backdrop for outdoor enjoyment. Whether you envision a vibrant gathering space for summer barbecues or tranquil mornings with the sound of waves in the background, the large yard offers ample space for your creativity to flourish. This is an amazing opportunity for any investor. **Location, Location, Location!** Situated in a sought-after coastal neighborhood, these cottages are just minutes away from pristine beaches, local restaurants, and charming boutiques. Enjoy the best of ocean living, whether it’s beachcombing, surfing, or simply soaking up the sun. The area is also known for its welcoming community and family-friendly atmosphere, making it an ideal place to call home. **Investment Potential: A Smart Move!** For savvy investors, this property presents an incredible opportunity to capitalize on the growing demand for rentals in this prime coastal location. With two separate cottages, you can maximize your rental income while providing guests with a unique and memorable experience. **Don’t Miss Out!** This is more than just a property; it’s a lifestyle waiting to be embraced. Whether you’re seeking a peaceful retreat for your family or a lucrative investment opportunity, these cottages hold endless possibilities. Schedule your private showing today and step into a world of coastal charm and potential! This rare find won’t last long—make it yours before someone else does!

Features

  • Town: Southampton
  • Rooms: 9
  • Bedrooms: 2
  • Baths: 2 full
  • Style: Cottage, Ranch
  • Year Built: 1924
  • Heating: Natural Gas, Propane
  • Cooling: None
  • Basement: Bilco Door(s)
  • Approx Sq. Feet: 1,012
  • Acreage: 0.43
  • Est. Taxes: $5,198
  • Elem. School: Hampton Bays Elementary School
  • Middle School: Hampton Bays Middle School
  • High School: Hampton Bays High School
  • School District: Hampton Bays
  • Appliances: Oven, Refrigerator
  • MLS#: 831905
  • Days on Market: 36 days
  • Website: https://www.raveis.com
    /prop/831905/47kingstreet_southampton_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 631-723-2721

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

47 King Street, Southampton (Hampton Bays), NY, 11946

$899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.750% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.865% 6.309%
Monthly Tax Payment $433 $433 $433
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,140 $4,665 $6,118
Total Monthly Payment $4,665 $5,190 $6,643

* 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.