1 Canal Road, Hampton Bays, NY, 11946 | $1,885,000
Water View Compound Opportunity Near Peconic Bay Set on a beautifully landscaped lot with water views throughout, this unique property offers exceptional flexibility as a private family compound or income-producing investment. The main residence is a two-story home featuring a spacious living room with a fireplace, dining area, kitchen, and powder room. The second level includes two guest bedrooms with a shared bath, along with a primary suite offering a full bath and a walk-in closet. A large deck extends off the living room, creating the perfect setting for sunset views and outdoor relaxation. A full basement provides laundry, storage, and utility space. Complementing the main home are two attached, fully furnished cottages. Each cottage offers two bedrooms, a full bath, living room, dining area, and kitchen, along with a welcoming front porch—ideal for guests or rental use. The property also includes a two-car garage and offers ample room for a pool, further enhancing its value and potential. Conveniently located just minutes from Great Peconic Bay beaches, local marinas, dining, and waterfront activities. A rare opportunity to own a versatile, multi-structure property with strong lifestyle appeal and income potential.
Features
- Rooms: 16
- Bedrooms: 7
- Baths: 4 full / 1 half
- Laundry: In Basement
- Style: Traditional
- Year Built: 1950
- Garage: 2-car
- Heating: Baseboard, Hot Water, Oil
- Cooling: Central Air, Ductless
- Basement: Full, Unfinished
- Approx Sq. Feet: 2,346
- Acreage: 0.46
- Est. Taxes: $11,186
- Lot Desc: Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear, Views
- View: Panoramic, Water
- Elem. School: Hampton Bays Elementary School
- Middle School: Hampton Bays Middle School
- High School: Hampton Bays High School
- School District: Hampton Bays
- Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
- MLS#: 922491
- Days on Market: 218 days
- Website: https://www.raveis.com
/eprop/922491/1canalroad_hamptonbays_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
1 Canal Road, Hampton Bays, NY, 11946
$1,885,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $1,508,000 | $1,508,000 | $1,508,000 |
| 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 | $932 | $932 | $932 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,444 | $9,163 | $12,624 |
| Total Monthly Payment | $9,501 | $10,220 | $13,681 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535