Introducing the renowned Tide Mill of Rye, NY; one of the most protected waterfront properties on the Long Island Sound. Nestled in a breathtaking cove surrounded by specimen grasses, this historic gem has been proudly owned by a lifetime Rye resident for over a half a century. The iconic red barn is one of the most photographed backdrops in Westchester County, a testament to its rich history. Dating to 1770, this property originally served as a grain mill for British forces during the Revolutionary War. The property's historically rich timeline begins with the barn and continues with the additions of a farmhouse circa 1830 and a fully operational marina circa 1910, featuring 50 boat slips. Historically local prominent Rye residents, including the Kirby and Sackett families, have been the stewards of the magnificent beauty at Tide Mill. Today, the property still offers panoramic waterfront vistas surrounded by natural wonders including diverse birdlife, native coastal flora and protected coastline. The 3. 75 acre property is currently maintained as both a residential home and as the Tide Mill Yacht Basin. The marina has deep water access and is a 5 minute boat ride to the open Sound. The barn is cherished by Rye residents. Whether you envision building your dream home or managing an iconic marina steeped in history, this is a rare opportunity to own a piece of coastal heritage.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $8,400,000 | $8,400,000 | $8,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
Monthly Tax Payment | $8,774 | $8,774 | $8,774 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $51,039 | $55,182 | $73,751 |
Total Monthly Payment | $59,938 | $64,081 | $82,650 |
* 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.