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Set within the prestigious gated community of Pierson Lakes, this rare offering presents an opportunity to acquire 16 fully approved luxury homesites spanning approximately 105 acres in the Town of Ramapo, Rockland County. Positioned within one of the Northeast’s most exclusive private residential enclaves, the approved lots offer a significant entitlement advantage for a builder or developer seeking to deliver luxury homes in an established high-end community where completed residences are selling in the $3M–$4M range. The road infrastructure has not yet been installed, creating the opportunity to execute and control the next phase of development within the community. Several lots offer frontage along Potake Pond, while ownership also includes deeded access to Cranberry Lake and its private boathouse and clubhouse amenities. Pierson Lakes offers 24/7 gated security, protected open space, private lakes, and a setting defined by privacy, natural beauty, and estate-scale living, all located approximately 29 miles from Manhattan. A truly rare opportunity to develop within a luxury community with limited future inventory and substantial long-term upside.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$6,800,000
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 | $5,440,000 | $5,440,000 | $5,440,000 |
| 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 | $256 | $256 | $256 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $30,462 | $33,054 | $45,539 |
| Total Monthly Payment | $30,843 | $33,435 | $45,920 |
* 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.