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Rare Opportunity – Two Homes on One Property in a Prime Location!
Discover the unique charm and versatility of this exceptional property featuring two separate homes back-to-back on a spacious lot in a highly desirable neighborhood, just blocks from beaches and shopping. Whether you're looking for a multi-generational living solution, rental income potential, or a guest house setup, this property offers endless possibilities.
McKay Creek Drive Residence – 2, 524 sq ft living area; 3, 646 gross area
Originally designed by Arthur Rutenberg, this custom-built 4-bedroom, 2. 5-bath home offers solid construction and a classic layout ready for your personal touch.
• Large basement with fireplace
• Screen-enclosed pool and patio
• Large eat-in kitchen with ample wooden cabinetry and natural light
• Formal dining room and inviting living room
• Generous 2-car garage
• Timeless architectural elements throughout
Orchard Drive Residence – 1, 866 sq ft living area; 2, 379 gross area
A separate 3-bedroom, 2-bath home with its own 2-car garage—ideal for extended family, rental income, or guest space.
Both homes offer tremendous potential and the chance to renovate to your taste. While some updates are needed, the strong bones and unbeatable location make this a rare investment opportunity.
Not located in a flood zone, despite homes across the street being designated as such—an important distinction for long-term security and lower insurance costs.
This is a rare find: two homes, one property, incredible location, and endless possibilities.
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:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $1,280,000 | $1,280,000 | $1,280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $1,251 | $1,251 | $1,251 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,268 | $7,674 | $10,629 |
| Total Monthly Payment | $8,644 | $9,050 | $12,005 |
* 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.