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Welcome to 246 W Bay Drive, a stunning waterfront retreat in the desirable Westholme section of Long Beach! This newly renovated property was thoughtfully designed and has incredible water views throughout. The main level features an open concept floor plan, chef’s kitchen, 2/3 bedrooms including a spacious primary en-suite with private bathroom & back deck, an additional full bathroom, wrap-around front Trex decking with NYC skyline views, & access to the upper loft area that’s perfect for unwinding and soaking in the panoramic views. The custom kitchen has a large center island, sleek cabinetry, quartz countertops, and ample counter space - perfect for both everyday living and entertaining guests. The lower level features a large family room, 2 bedrooms, 1 full bathroom, laundry in the hallway, & a 1-car garage. The waterfront features include a brand new dock, ramp, floating dock, & boat lift ready for all the water activities & boating you can imagine. Additionally, the home has a welcoming entry foyer, hardwood floors throughout, new gas fireplace with stone facade, fenced-in & newly paved backyard, central air throughout with a large ductless unit in the living room, and parking for 4-5 vehicles. Conveniently located just blocks from the beach, shops, restaurants, Long Island Railroad, & houses of worship, this home has it all. Now’s the time to experience bayfront living at its finest - come live on the water today!
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Our Executive Mortgage Banker:
$1,795,875
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
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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 | $1,436,700 | $1,436,700 | $1,436,700 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,836 | $1,836 | $1,836 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,157 | $8,730 | $12,124 |
| Total Monthly Payment | $10,118 | $10,691 | $14,085 |
* 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.