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Architectural Masterpiece with Boat Dock in Watermill Welcome to 53 Bay Ave, Water Mill South - an exceptional, newly built masterpiece, that exudes elegance and custom sophistication. Designed by the renowned architect James D'Auria and crafted by the esteemed Wright & Co. , this bright and stunning modern farmhouse is a true work of art featuring approximately 5, 039 sf of living space with big windows inundating the home with natural light, blending the indoors with landscaping and creating a warm atmosphere. Nestled south of the highway on a tranquil cul-de-sac street, this stunning 4-bedroom, 3 1/2-bathroom home offers the perfect blend of modern style and timeless charm. Upon entering the spacious foyer, you are captivated and greeted by a dramatic chic living room featuring soaring 25-foot ceilings and a beautiful gas fireplace. Surrounded by floor-to-ceiling windows the space is bathed in natural light. Features include beautiful wood floors throughout, creating a warm and cohesive aesthetic. The chef's kitchen is a true focal point, featuring Caesarstone countertops, an oversized island, and top-of-the-line appliances with an open-concept design seamlessly flowing into the dining area, which is highlighted by a charming wood-burning fireplace - perfect for cozy gatherings. French doors open to a covered outdoor patio, providing a seamless connection between indoor and outdoor living perfect for alfresco dining or relaxation. The generously sized den, with its stunning 15-foot ceilings, is graced by beautiful antique doors from the 1600s, sourced from India, adding a sense of history and character to this contemporary home. On the second floor, enjoy breathtaking water views of Hayground Cove and Mecox Bay. The spacious primary bedroom includes a private balcony overlooking the bay, a gas fireplace, a private deck with an outdoor shower, double walk-in-closets and ample space for relaxation. Additionally, this level offers two guest rooms, two full bathrooms, and a versatile TV den that was originally designed as a fourth bedroom. The property is thoughtfully equipped with modern amenities, including a one-car garage, central air conditioning, a backup generator, a geothermal system, a Sonos audio system, and a security system for peace of mind. Enjoy ultimate relaxation with beautiful grounds meticulously landscaped with mature trees, perennial flower beds, and a gorgeous rose garden. A heated pool and a vibrant pergola offer the perfect spot to unwind in this peaceful oasis. For nature enthusiasts, wander through the beautiful backyard, which features a nature trail that invites you through nature's splendor offering a peaceful escape right at your doorstep. For boating and outdoor lovers, the private boat dock is reached by a path, adorned by native vegetation through 100-year-old blueberry trees, which meanders toward the private dock overlooking Hayground Cove and Mecox Bay, offering unparalleled access to water activities. An added bonus, a 14+/- foot Boston Whaler is included, making it easy to set off for a day and to explore the cove, visiting nearby beaches, or simply enjoying the beauty of nature. This exceptional property provides room to expand, offering endless potential. 53 Bay Ave, Water Mill presents a rare opportunity to own a one-of-a-kind Hamptons retreat combining nature, waterfront living, and tranquility. Perfect for those seeking the ultimate escape, this home is truly an idyllic haven for both relaxation and entertainment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,825,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $6,260,000 | $6,260,000 | $6,260,000 |
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 | $1,782 | $1,782 | $1,782 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,544 | $39,054 | $53,249 |
Total Monthly Payment | $37,451 | $40,961 | $55,156 |
* 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.