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First time on the market since 1985, this incredible beach house is ready for its next chapter. Lovingly enjoyed by the same family for decades, this large rambling ranch offers the perfect opportunity for new owners to come in, make it their own, and create generations of memories by the sea. Featuring 4 bedrooms and 2. 5 baths, the home is filled with warmth, character, and some of the most amazing ocean views. Wake up to the smell of the salt air, fall asleep to the sound of the waves, and spend your days with sand between your toes. This is truly beach living at its finest. Located on a quiet dead-end dirt road, the setting feels like your own private piece of paradise. One of the most special features of this property is the included 40% ownership interest in the private beach directly across the road -- a rare and valuable opportunity to enjoy your own stretch of shoreline just steps from your door. Whether you are looking for a year-round home, a summer retreat, or a place to gather family and friends for years to come, 8 Babcock offers the chance to own a truly special coastal property where lifelong memories are waiting to be made. INSIDE PHOTOS COMING SOON.
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$1,499,000
William Raveis Real Estate
Phone: 888.699.8876
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Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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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 | $1,199,200 | $1,199,200 | $1,199,200 |
| 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 | $387 | $387 | $387 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,715 | $7,286 | $10,039 |
| Total Monthly Payment | $7,227 | $7,798 | $10,551 |
* 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.