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Presented by![]() Jay Cannone |
Idyllic Riverfront Property in Lower Weston - A Builder's Dream Opportunity! Nestled along the serene Saugatuck River on a private road, this exceptional 2. 12-acre property boasts over 350 feet of direct waterfront, complete with a picturesque waterfall. Located just one mile from the Westport line, this is a rare and exciting opportunity for a builder or visionary homeowner to create something truly extraordinary. All necessary environmental work has been completed, with full documentation in place, offering a seamless path to immediate demolition and new construction. Enjoy the tranquility of the Saugatuck River frontage. With easy access to the Merritt Parkway, this property offers both privacy and proximity. A four-bedroom, four-bath home remains on the property, providing opportunities for a complete renovation or full rebuild. Bonus features include a 857 sq. ft. barn with a loft, built in 2002, perfect for a studio, home office, or creative retreat. Families will appreciate access to Weston's Blue Ribbon school system. Whether you envision building your dream home, embarking on a custom renovation, or exploring a lucrative investment opportunity, this riverfront gem offers limitless potential.
Type | Level |
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Bedroom 1 | Main |
Bedroom 2 | Upper |
Bedroom 3 | Upper |
Dining Room | Main |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Upper |
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.209.2529
Jay.Cannone@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.521.7207
Christine.Preston@raveis.com
NMLS Mortgage Loan Originator ID 90874
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,100,000 | $1,100,000 | $1,100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $1,388 | $1,388 | $1,388 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,074 | $6,684 | $9,208 |
Total Monthly Payment | $7,587 | $8,197 | $10,721 |
* 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.