Welcome to 2 Gail Terrace, an exceptional residence in the prestigious Red Spring Manor community, offering private beach access and refined coastal living on Long Island’s North Shore. This beautifully updated 5 bedroom, 3. 5 bath home seamlessly blends timeless elegance with modern comfort. A grand two story foyer with a sweeping staircase creates a striking first impression, complemented by a secondary staircase for added convenience. The main level features a formal dining room, sophisticated living room, and a cozy family room with a gas fireplace, each thoughtfully designed for both intimate gatherings and elegant entertaining. The chef’s kitchen, fully renovated just 2 years ago, showcases premium finishes, abundant cabinetry, a spacious pantry, breakfast area and an open concept layout ideal for today’s lifestyle. A separate laundry room and attached two car garage further enhance everyday convenience. Upstairs, the luxurious primary suite offers a serene retreat complete with a private sitting area. A second en-suite bedroom and three additional generously sized bedrooms provide exceptional comfort for family and guests. A charming sitting room with a gas fireplace adds warmth and character. All bathrooms were tastefully renovated in 2023 with marble finishes, creating a spa-like ambiance throughout. Significant updates include a new boiler (2023), recently renovated bathrooms (2023), recently renovated kitchen (2023) and a roof less than ten years old. Two custom marble fireplaces add architectural distinction and refined warmth. Designed for resort style living, the outdoor space is a true oasis. Enjoy a heated vinyl pool, paver patio, fully equipped outdoor kitchen, and a pergola with a marble dining table perfect for summer entertaining. Professionally landscaped grounds complete this private retreat. The unfinished basement offers exceptional potential to create a media room, fitness center, wine cellar, or additional living space tailored to your vision. Set within a coveted waterfront community with private beach access, this remarkable home offers luxury, comfort, and the very best of North Shore living. Experience coastal elegance at its finest. Schedule your private tour today.
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Our Executive Mortgage Banker:
$1,899,000
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 | $1,519,200 | $1,519,200 | $1,519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,854 | $1,854 | $1,854 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,626 | $9,354 | $12,820 |
| Total Monthly Payment | $10,605 | $11,333 | $14,799 |
* 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.