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Known as the Snapple house, 1245 Veeder Drive has stood as one of Hewlett Bay Parks most coveted addresses for decades — an 11, 031-square-foot waterfront estate on two private acres across a rare double lot that simply cannot be recreated in today's market. Originally built by one of the founders of Snapple, the property bears the mark of serious construction: a hand-laid slate roof, architecture by Norman Wax, and execution by Qualico Contracting. The result is a home built without compromise — and held for over three decades by the same family. Inside, the residence spans three levels with elevator access and is organized around water views and entertainment. A dedicated entertaining wing includes a bar and temperature-controlled wine cellar. The primary suite is positioned toward the harbor, with dual walk-in closets and a spa bath with soaking tub and sauna. Five bedrooms in total. The grounds are what set this property apart. The full two acres — across a genuine double lot, a combination nearly impossible to assemble in Hewlett Bay Park — extend to the water with a private dock with 240 feet of frontage, manicured lawns, and formal gardens. A separate poolside cabana operates as a self-contained retreat, with a full kitchen, changing rooms, bathroom, and sauna. Properties like this do not come to market. When they do, they do not come back.
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Our Executive Mortgage Banker:
$15,000,000
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 | $12,000,000 | $12,000,000 | $12,000,000 |
| 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 | $7,180 | $7,180 | $7,180 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $68,135 | $73,886 | $101,263 |
| Total Monthly Payment | $75,440 | $81,191 | $108,568 |
* 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.