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Experience the rare opportunity to own the one of the last waterfront property in the picturesque hamlet of Sayville, located within Islip in Suffolk County. This remarkable 0. 38-acre lot offers 111. 4 feet of private bayfront access along with a newly constructed 135-foot marine bulkhead. The property boasts breathtaking, panoramic views of the Great South Bay, creating a unique setting. This mixed-use property, zoned Business 1 Residential, offers unlimited possibilities. The current owner has envisioned a magnificent two-family dwelling designed to take full advantage of the waterfront. The main residence is proposed at 4, 000 square feet of luxurious living space, complete with expansive windows to showcase the bay views. Additionally, a separate 1, 950-square-foot legal two-to-three-bedroom unit is designed with private utilities and its own entrance, making it ideal for a luxurious two-family dwelling offering flexible living arrangements or investment potential. The property is already prepared for development, having received DEC approval, Board of Health approval, and a variance to allow a larger build. Blueprints and floor plans may be available for serious buyers, and the necessary applications have already been filed with the town. This ready-to-build opportunity allows buyers to transform their vision into a one-of-a-kind waterfront retreat or versatile asset. Every effort has been made to ensure the accuracy of this information, though it is not guaranteed and should be independently verified by prospective buyers and their agents. Don't miss this rare chance to acquire a property that seamlessly blends natural beauty and potential. Schedule your showing today and take the first step toward making this dream property your reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,999
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 | $879,999 | $879,999 | $879,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,135 | $5,635 | $7,545 |
Total Monthly Payment | $5,260 | $5,760 | $7,670 |
* 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.