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Rarely does a Legacy Property, with a "Shovel-Ready" vision, arrive with the hardest yards of coastal development already complete. East River Landing is a fully de-risked, 3. 67-acre asset at the Madison/Guilford gateway, combining an extensive marina income opportunity with unprecedented residential scalability. Approved Maritime Asset. Forget proposed plans-this is a fully built, 46-slip marina with 600+LF of prime river frontage. With active permits, you bypass the years of regulatory gridlock that stall shoreline projects. Bulletproof Resilience & Shelf Life Engineered for the future, 2020 approvals secure 6, 310 yards of strategic fill, elevating the site core to meet FEMA BFE+1' standards for a secure, insurable foundation. These upland permits carry a massive 10-year shelf life (valid through 2034-2039), protecting your investment opportunity for another decade. The Ultimate Scalable Lifestyle Complex Immediate Build: Approved 1, 680 SF mixed-use building, 20-seat restaurant, luxury residence, and fully approved septic system. Preliminary analysis for 14 luxury units and DEEP-scale septic (23 bedrooms) is complete, clearing the primary hurdle for high-density growth. Strategic Design: Secured variances pull the envelope riverward, maximizing the site center for expansion. This is the last major undeveloped waterfront opportunity on the Connecticut Shore. The heavy lifting is done-the legacy is yours to build. When opportunity knocks, you take it @EastRiverLanding East River Landing: The Crown Jewel of the Connecticut Shoreline 4 Boston Post Road, Madison, CT Held by the same family for over 56 years, East River Landing represents a rarely available opportunity to acquire the last undeveloped crown jewel of the Connecticut shoreline. Positioned at the prestigious Madison/Guilford gateway, this 3. 67-acre institutional-grade asset is the hard-won result of nearly two decades of meticulous permitting and coastal engineering. The "hardest yards" are complete, offering a turnkey maritime income stream paired with an unprecedented, pre-vetted roadmap for high-density luxury living. The Gold Standard of Maritime Infrastructure In a state where new dockage is nearly impossible to permit, East River Landing stands alone. This is a fully built and approved 46-slip marina featuring over 600 linear feet of prime river frontage. With all critical "waterward" permits from CT DEEP and the U. S. Army Corps of Engineers already secured and executed, you bypass the decades of regulatory gridlock that typically stall shoreline projects. This is a turnkey maritime utility from day one. Bulletproof Resilience & A 10-Year Planning Horizon: The 2020 approvals include the right to deposit 6, 310 SF of strategic clean fill, elevating the site's core to meet FEMA BFE + 1' standards for a secure, insurable "dry" foundation. These hard-won upland permits carry an extraordinary shelf life, with statutory protections extending for over 10 years (valid through 2034-2039 per CT GS 8-3). This provides the ultimate luxury: the flexibility to build immediately or hold the asset without the risk of permit expiration. Scalable Luxury Lifestyle Shovel-Ready Core: Immediate approval for a 1, 684 SF multi-use building designed for a 20-seat waterfront restaurant, retail, office, and a 2-bedroom residence. Infrastructure Ready: Local health-approved septic covers current uses; preliminary DEEP-scale analysis for a 14-bedroom capacity is complete, clearing the primary hurdle for growth. 14-Unit Roadmap: Vetted analysis for 14 luxury residential units is complete. Strategic Design: Secured variances pull the envelope riverward, maximizing the site's center for future expansion. After 56 years of stewardship and 20 years of planning, the heavy lifting is done. The legacy is yours to build. (Joint Venture Opportunity Exists. Owner/Agent
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.846% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,859 | $5,206 | $7,249 |
| Total Monthly Payment | $4,984 | $5,331 | $7,374 |
* 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.