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101 West Lane, Bay Shore, NY, 11706 | $5,000,000
Step into a legacy of craftsmanship with the legendary Hoffritz Cutlery Estate, nestled in the prestigious Oconee Estate section of Bay Shore. Sprawling across over three private acres and boasting nearly 1, 000 feet of prime waterfront, including nearly 700 feet along the Lawrence Canal. This remarkable property offers a rare blend of grandeur, history, and endless potential. At the heart of the estate lies a stately 7, 000+ sq ft 1950s Contemporary, originally built to the exacting standards of the famed Hoffritz family. This 12-room home features 5 spacious bedrooms, 4 full bathrooms, and 2 half baths, blending timeless architectural elegance with the unique charm of a storied past. But the opportunity doesn’t stop there. For the visionary developer or investor, the property holds the potential to be subdivided into three stunning waterfront parcels - two canal-front sites and one spectacular bayfront site - perfect for crafting an enclave of new luxury estates or “McMansions” with water access and panoramic views (house sold as is). The crown jewel: a bayfront site offering unrivaled vistas of the Great South Bay, the barrier beaches, and the iconic Fire Island Lighthouse - a setting that promises coastal living at its most inspiring. Whether you’re seeking a one-of-a-kind personal estate, or a chance to develop three luxury homes in one of Long Island’s most coveted waterfront enclaves, this is your opportunity to secure a piece of history—and the future. Come see for yourself. Experience the dream.
Features
- Amenities: Security
- Rooms: 12
- Bedrooms: 5
- Baths: 4 full / 2 half
- Style: Traditional
- Year Built: 1950
- Garage: 3-car
- Heating: Natural Gas, Radiant Floor
- Cooling: Ductless, Zoned
- Basement: None
- Approx Sq. Feet: 7,000
- Acreage: 3
- Est. Taxes: $60,581
- HOA Fee: $550 Annually
- Lot Desc: Back Yard, Cul-De-Sac, Front Yard, Split Possible, Sprinklers In Front, Sprinklers In Rear, Views, Waterfront
- View: Panoramic
- Water Front: Yes
- Elem. School: Brook Avenue Elementary School
- Middle School: Bay Shore Middle School
- High School: Bay Shore Senior High School
- School District: Bay Shore
- Appliances: Convection Oven, Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
- MLS#: 854479
- Days on Market: 237 days
- Website: https://www.raveis.com
/eprop/854479/101westlane_bayshore_ny?source=qrflyer
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
- 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.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@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
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@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
101 West Lane, Bay Shore, NY, 11706
$5,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,000,000 | $4,000,000 | $4,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $5,048 | $5,048 | $5,048 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,866 | $23,026 | $32,419 |
| Total Monthly Payment | $26,039 | $28,199 | $37,592 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535