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OLD WESTBURY | HISTORIC GRANDEUR. TIMELESS PRESTIGE. REFINED MODERN LIVING. 42 Clocktower Lane stands as a timeless testament to Gilded Age architecture and estate living on Long Island. Designed by the renowned architect Stanford White — a key figure behind many of America’s most celebrated turn-of-the-century landmarks — this distinguished residence was originally part of the expansive Morgan Estate, emblematic of Old Westbury’s storied past. Set on 3 acres atop one of the highest points on Clock Tower Lane, the estate commands presence and serenity. The home features 5 bedrooms, 4. 5 baths and exudes historic grandeur from its facade, rich architectural detailing, intricate millwork, and eight classic fireplaces, to dramatic high soaring ceilings and gracious formal rooms that recall an era of elegant entertaining. Thoughtfully updated for contemporary living, the residence features a gourmet kitchen with direct access to outdoor living spaces, while period charm endures throughout. The grounds reflect the estate tradition of Old Westbury — lush perennial gardens, a sparkling pool with granite terrace, a classic pool house, and a private tennis court evoke the leisure pursuits of centuries past. This property uniquely bridges historic legacy and modern luxury within one of Long Island’s most prestigious and historically rich communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
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
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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 | $3,160,000 | $3,160,000 | $3,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $5,044 | $5,044 | $5,044 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,695 | $19,200 | $26,453 |
| Total Monthly Payment | $22,864 | $24,369 | $31,622 |
* 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.