392 Seven Ponds Towd Rd, Water Mill, NY, 11976 | $14,995,000

New construction with tennis and overlooking 50 acres of farm reserve, this East End Building Company home will be completed near the end 2023. Designed in conjunction with award winning architecture and design firm The Up Studio, this home is available pre-completion. 1. 5 acres and nearly 12, 500 square feet across three levels, this home is designed for Hamptons living. Enjoy the large roof-top deck and a total of eight bedrooms, nine full and two half baths. When entering into the home you will experience the large and double height foyer, opening up to a steel floating staircase with oak finishes, The great room leads directly into the dining, accompanied by a gourmet chefs kitchen. In addition this this there is a prep kitchen, pantry and laundry off of the three car garage. The well sized first floor junior primary suite includes a sitting room, deck and walk in closet. On the opposite end of the floor a very large junior primary suite includes a sitting room, outside deck, walk-in closet, as well as direct proximity to the office. The second level offers a generously sized primary suite with covered outdoor space, and additional guest suites. On the lower level, there are two more guest rooms, gym, sauna with steam room, wine closet and recreation space, as well as a theater. Outside, an oversized pool with inset spa, cabana, and tennis.

Features

  • Bedrooms: 8
  • Baths: 9 full
  • Year Built: 2023
  • Approx Sq. Feet: 10,682
  • Acreage: 1.38
  • Pool: Yes
  • MLS#: 899265
  • Days on Market: 762 days
  • Website: https://www.raveis.com
    /mls/899265/392sevenpondstowdrd_watermill_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Victoria Van VlaanderenLicensed Real Estate Salesperson

516.840.3836

Victoria.VV@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

392 Seven Ponds Towd Rd, Water Mill, NY, 11976

$14,995,000

Victoria Van Vlaanderen

Licensed Real Estate Salesperson

William Raveis Real Estate

Phone: 516.840.3836

Victoria.VV@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $11,996,000 $11,996,000 $11,996,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.511% 6.309%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $68,112 $74,839 $102,041
Total Monthly Payment $68,237 $74,964 $102,166

* 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.