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An exceptional offering in the heart of North Cove, this storied estate presents a rare convergence of history, scale, and coastal prestige in Old Saybrook. Set on over an acre of beautifully sited grounds with direct water access and a private dock, the property offers a lifestyle that is both tranquil and connected, just moments from the Cove, local marinas, and the village center. The setting is quintessential shoreline New England: open, peaceful, and deeply tied to the surrounding water. The residence itself spans over 3, 500 square feet, offering generous living spaces, multiple bedrooms, and a layout that reflects its centuries-old origins while accommodating modern living. Its scale and presence are immediately apparent, with architectural details and craftsmanship that speak to its early 18th-century roots and long-standing role in the community. Serving as the historic "Black Horse Tavern" in the early 18th century, the home carries a meaningful legacy within North Cove's maritime history. Today, it stands as a residence of enduring character, offering the opportunity to thoughtfully preserve and enhance a truly distinctive property within the parameters that protect its historic significance. Properties of this caliber, where setting, scale, waterfront access, and provenance align, rarely come to market. This is a chance to own a significant piece of Old Saybrook's shoreline heritage in one of its most sought-after locations.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Wide Board Floor | 13.2 x 11.8 | Upper |
| Bedroom 2 | Wide Board Floor | 12.1 x 11.8 | Upper |
| Eat-In Kitchen | Dining Area,Fireplace,Pantry,Wide Board Floor | 22.8 x 15.7 | Main |
| Living Room | Combination Liv/Din Rm,Fireplace,Wide Board Floor | 19.1 x 14.3 | Main |
| Primary Bedroom | Full Bath,Walk-In Closet,Wide Board Floor | 27.7 x 17.3 | Main |
| Primary Bedroom | Bedroom Suite,Full Bath,Wide Board Floor | 19.0 x 17.9 | Upper |
| Study | Wide Board Floor | 7.1 x 20.6 | Upper |
| Study | Wide Board Floor | 8.0 x 15.7 | Upper |
| Sun Room | Dining Area,Hardwood Floor | 21.1 x 24.7 | Main |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,956,000 | $2,956,000 | $2,956,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $2,890 | $2,890 | $2,890 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,784 | $17,723 | $24,944 |
| Total Monthly Payment | $19,799 | $20,738 | $27,959 |
* 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.