A rare opportunity to realize your dream home on Fire Island. Included in this offering are unapproved architectural concept plans for a transformational second-story addition and full redesign—envisioning a 6-bedroom, 5-bath luxury residence plus guest cottage, complete with expansive entertaining decks, a rooftop lounge, wet bar, and hot tub overlooking the Great South Bay. These conceptual designs imagine elevated indoor-outdoor living, with horizon-to-horizon views and a commanding presence just steps from Seaview’s Bay Beach and tennis courts. While the plans are not yet submitted or approved, they offer an inspiring roadmap for transforming this property into a landmark Fire Island retreat. And the best part? You don’t have to wait to enjoy it. The existing home is beautifully renovated and fully turnkey. The main house features 3 bright bedrooms and 2 stylish full baths, a chef’s kitchen with Bosch appliances and alkaline water filtration, tankless hot water, central air and heat, and thoughtfully landscaped grounds supported by an automatic sprinkler system. A separate 1-bedroom, 1-bath guest cottage offers extra space for guests or remote work, while the saltwater pool and expansive deck provide the perfect backdrop for entertaining or quiet relaxation. Whether you’re looking to move in immediately or bring your vision to life over time, 31 Laurel Ave offers both lifestyle and long-term upside in one of Fire Island’s most desirable neighborhoods. ?? Conceptual plans included in sale; not submitted or approved ?? Low annual flood insurance (~$2, 834/year) ?? Enjoy now. Build for tomorrow.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,839,200 | $1,839,200 | $1,839,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $659 | $659 | $659 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,156 | $11,027 | $15,273 |
| Total Monthly Payment | $10,940 | $11,811 | $16,057 |
* 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.