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324 Acres Sackett Lake Road, Monticello, NY, 12701 | $14,000,000
Generational Re-Development Opportunity. Welcome to the site of the iconic Laurels Hotel! Where once sat an exquisite lakefront hotel and Catskill escape, this gorgeous property is now ready to be re-imagined and redesigned. Highlighting 324 acres, the property spans the entire north side of Sackett Lake- one of few motorboat lakes in the area- and offers breathtaking water views. The lakefront section of the property has access to municipal sewer with as-of-right capacity for close to 70 homes (see attached concept layout). And SR zoning presents many different options for your development vision to come to fruition. Just 90 miles from NYC, and in close proximity to so many different attractions/activities, including Bethel Woods Center for the Arts, Resorts World Catskills along with "The Monster" Golf course, Legoland, Kartrite Water park and unmatched hiking, biking, boating and fishing, this is a once in a lifetime opportunity to develop a premier residential, recreational, and/or hospitality venture. Property sold as-is. May be developed with additional property MLS 892293 . Buyer to do own due diligence
Features
- View: Lake, Mountain(s), Panoramic, Trees/Woods, Water
- Water Front: Yes
- Elem. School: George L Cooke School
- Middle School: Robert J Kaiser Middle School
- High School: Monticello High School
- School District: Monticello
- MLS#: 892296
- Days on Market: 104 days
- Website: https://www.raveis.com
/prop/892296/324acressackettlakeroad_monticello_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
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To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@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
324 Acres Sackett Lake Road, Monticello, NY, 12701
$14,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $11,200,000 | $11,200,000 | $11,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $60,983 | $67,150 | $93,006 |
| Total Monthly Payment | $61,108 | $67,275 | $93,131 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535