Embrace the allure of island living in this elegant custom built waterfront gem. This masterpiece of architecture encapsulates the privacy & serenity of waterfront living on the iconic Morgan Island. As you walk through the grand foyer with a 20ft ceiling a sense of wonder envelopes you as your greeted by the breathtaking water views and spectacular sunsets. Welcome your guest with a massive skylight that will direct natural light to a glass floor inlay providing light to your heated indoor gunite pool on the lower level. The dehumidification system freshens the whole pool level while the sun shines from above. Impress with the waterfront balconies, custom millwork design coffered ceilings in the dining room and the den, and stunning floor to ceiling windows with 180 panoramic view of the Manhattan skyline. Every corner of this four level home has an air of refined living, including a seamless transition between floors on your total home elevator. Your island retreat offers manicured landscaping with a luxurious heated gunite outdoor pool & spa. A 10 year old seawall & retaining wall. Security is forefront with rear window & door shutters, alarm system, gas generator & steel construction. This exquisitely designed home spans over 6000ft & features a sitting area, grand living room with wood fireplace leading to a sprawling waterfront balcony, a first floor primary bedroom suite with sitting area, spacious balcony overlooking the water, Jacuzzi & steam shower, Formal Dining Rm, Family Rm, Large gourmet Chef's Kitchen w/Dining Area, Powder Rm, & Guest Bedroom w/en-suite. All marble floors on the entire first floor and lower level provides you with the warmth of radiant heated floors. Second Floor features three bedrooms with 2 full bathrooms, four balconies & office w/sitting area. Third Floor features a finished attic room. Basement includes a heated gunite indoor swimming pool, full bathroom w/steam shower, family room, optional gym/flex room, spacious electrical storage room. You're invited to view this island retreat of luxury, privacy and tranquility where your story can unfold in your new home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,298,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $4,238,400 | $4,238,400 | $4,238,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $4,716 | $4,716 | $4,716 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,097 | $27,843 | $37,506 |
Total Monthly Payment | $30,938 | $32,684 | $42,347 |
* 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.