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Biltmore Shores | Waterfront New Construction Opportunity | Being Sold As-Is / Partially Completed Discover a rare and expansive . 55 acre waterfront offering in the desirable Biltmore Shores community. Located at 4530 Merrick Rd on the Grand Lagoon. This Multi-Level custom-designed home boasts approximately 3500SF, with a 14. 1’ elevation and FEMA Compliant. It presents a unique opportunity for a buyer to complete construction to their own specifications. The current build features a town approved, planned layout including: 9-foot ceiling height, hi-hats, 200-amp electric service, four/five bedrooms, three full bathrooms, an 18'x14' eat-in kitchen open to a 15'x12' breakfast room with 12' sliders to a 72'x14' covered rear deck, a 20'x27' great room, 14'x14' dining room, and a 14'x14' den/study. The primary suite layout provides for an 17’8”x21' bedroom with a 14'x10' luxury bath, three walk-in closets, with private deck access to maximize waterfront views. The existing three bedrooms offer six foot closet space and measure 16’x12’, 13’8”x14’8”, and 14’x12’2” in size. See attached floor plan and other attachments. The full third level/Loft/Attic—approximately 2582sf offers significant future expansion potential, suitable for recreation, studio, office, or multigenerational living space. The lower grade level at approximately 3500SF includes a 2-car garage with an extended crawl-space workshop designed for 6-8 additional vehicles, potentially indoor-outdoor dining area with an additional 72x14 covered patio all leading out to the 140' bulkhead and a 26'x54' boathouse that brings the total bulkhead to 238’. All over-looking Massapequa Lake and the Grand Lagoon. The lagoon features approximately 20' depth at center with direct boating access to the Grand Canal and the Great South Bay, placing Fire Island and Robert Moses just minutes away by water. IMPORTANT: This property is being sold in as-is, partially constructed condition. The Buyer is responsible for all costs to complete construction. Plans, permits, surveys, and existing materials on-site will be included in the sale where applicable. Live the sought-after Biltmore lifestyle, with membership eligibility to the private Biltmore Beach Club (pool, marina, courts, seasonal events), proximity to the Massapequa Preserve, Massapequa School District, Local dining favorites, and Easy commuter access to NYC and the Hamptons. A truly rare and customizable waterfront estate opportunity!
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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 | $1,596,000 | $1,596,000 | $1,596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,630 | $1,630 | $1,630 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,937 | $9,569 | $13,253 |
| Total Monthly Payment | $10,692 | $11,324 | $15,008 |
* 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.