|
Brand-New Luxury Construction | 5 Bedrooms, 4 Bathrooms | Approx. 2, 850 Sq. Ft. | Great Neck South Schools This brand-new custom residence has been thoughtfully designed to meet the highest standards of modern living, combining elegance, comfort, and family-focused design. Offering approximately 2, 850 sq. ft. of interior space with 5 spacious bedrooms and 4 full bathrooms, this home provides both flexibility and peace of mind for today’s lifestyle. A dual-generations concept layout makes this property especially desirable: the ground-floor private master suite is ideal for grandparents or guests, while the dedicated master floor creates a private retreat for parents. Additional bedrooms are generously sized, perfect for children, extended family, or home office use. The interiors feature a bright and open living room, a formal dining room for hosting family gatherings, and a modern kitchen designed with efficiency and flow in mind. Multiple bedroom suites ensure privacy for each family member, while open spaces encourage shared connection. Located in the prestigious and tranquil neighborhood of Lake Success/Great Neck, this home belongs to the Great Neck South School District—one of the most top-rated districts in New York—making it an excellent long-term investment in both education and property value. Carrying costs are exceptionally low, with annual property taxes of only $12, 000, offering far better value compared to neighboring areas. For commuters, the home offers unbeatable convenience: just 12 minutes to the LIRR, plus the N20 and Q12 bus lines steps from your door, providing easy access to Flushing, Queens, and Manhattan. This property presents a rare opportunity to enjoy new construction, top schools, low taxes, and multigenerational design all in one home—perfect for families who value harmony, convenience, and future growth.
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:
$1,999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,599,200 | $1,599,200 | $1,599,200 |
| 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% | 5.952% |
| Monthly Tax Payment | $1,000 | $1,000 | $1,000 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,707 | $9,588 | $13,280 |
| Total Monthly Payment | $9,832 | $10,713 | $14,405 |
* 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.