Welcome to West Gilgo Beach - a secluded, private gated community nestled between the Atlantic Ocean and Great South Bay, boasting a mere 80 homes that rarely make an appearance on the market. This secret haven, lies just 50 minutes away from the vibrant pulse of New York City but transports you to a world of serenity. Whether you envision it as your summer dream home or a full-time residence, the possibilities are endless. Showcased in the pages of House Beautiful magazine, this home presents 5 bedrooms, 2. 5 bathrooms, and an enchanting ocean view. Meticulously renovated in 2018, this original beach bungalow has been artfully restored with the utmost attention to detail, utilizing top-quality materials to seamlessly blend timeless charm and character with contemporary comforts, creating an unparalleled living environment. As an extra perk, the house can be provided fully furnished, simplifying the process to the ease of unpacking your bags! Renovated to the highest degree, this comprehensive makeover includes a completely reconstructed foundation, enhanced electrical and plumbing systems, modernized heating and cooling systems, and cutting-edge water filtration. In addition, the home includes two newly built cedar decks, outdoor shower, architecturally hand-split western red cedar shingles, architectural roofing paired with copper gutters, Anderson windows, new insulation, a gas-powered generator, in-ground sprinklers, and a recently upgraded septic system. Additionally, the residence comes with a state-of-the-art wifi and fiber optic security system, facilitating remote control of all aspects. Within the community, residents enjoy exclusive access to the ocean and bay front, complete with storage for kayaks, paddle boards, and sailboats. Other offerings include a marina (with a waiting list), a court for tennis, pickle ball, and volleyball, along with ball fields and a playground. Within walking distance, discover the Ocean Parkway Coastal Greenway Bike Path, a stunning 20-mile trail along the water, one of the most impressive bike paths in the New York Metro Region. During warmer months, indulge in food and live music at Tobay Beach (a 10-minute walk), Gilgo Beach Inn (a 20-minute walk), and enjoy a summer concert series at the Jones Beach Amphitheater (2 miles away). Within a 10-minute drive, you'll reach the Wantagh Long Island Rail Road. The Town of Babylon Land Lease is in effect through 2065, accompanied by an annual fee of $4000. Additionally, WGB Association dues amount to $1300 per year, encompassing water and community maintenance.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $1,245 | $1,245 | $1,245 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,310 | $4,657 | $6,194 |
Total Monthly Payment | $5,647 | $5,994 | $7,531 |
* 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.