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2 Mowbray Lane
Cold Spring Harbor, NY 11724
$4,995,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
8028
Property Description
Introducing this exquisite Hamptons shingle-style Colonial in the highly sought-after Cold Spring Harbor "Wawapek" area, set on a sprawling 2-acre lot. This stunning property boasts commercial-grade construction with a durable steel infrastructure, ensuring unparalleled stability and longevity. The property features Brazilian Cherry hardwood floors and custom cabinet grade millwork throughout. As you approach the solid mahogany front doors, you will be greeted by the beautiful custom-made Pennsylvania-stained glass windows that flank them, creating a warm and inviting entrance. Upon entering the 22' two-story foyer, you will be struck by the high ceilings that add to the grandeur of the space. The domed medallion chandelier, suspended from an electric hoist, is an impressive centerpiece that illuminates the entire area with an inviting glow. The true gem of this home is the impressive Great Room, which features soaring 30-foot-high ceilings adorned with custom-made Red Oak Vermont Timber trusses, providing an unforgettable sense of grandeur. The space is further enhanced by locally sourced Long Island River Rock, which surrounds the wood-burning fireplace and adds to the ambiance of the room. Additionally, the great room features wide plank rustic flooring, which perfectly complements the architectural feat and aesthetic of the space. The copper wet bar, complete with a two-zone pressurized wine server, provides the perfect gathering spot, making it the ultimate entertainment space. The magnificent kitchen, featuring eye-catching hand-painted backsplash tiles and custom cabinets, crafted by highly acclaimed Master Concepts, provides ample storage and adds an elegant touch to the space. The kitchen is equipped with top-of-the-line appliances, including a DCS 48-inch range with a grill and skillet and another in-wall convection oven, perfect for cooking up a storm for large gatherings or intimate dinners. Three Sub-Zero refrigerators/freezers offer plenty of space for storing groceries, while Miele and Fischer Paykel dishwashers makes cleaning up a breeze. Adjacent to the kitchen is a butler's pantry, which includes a built-in Miele coffeemaker and cup warming drawer for the early morning coffee or tea. The sunlit, circular breakfast room provides a cozy and inviting atmosphere, perfect for starting the day off on the right foot. Overall, this kitchen is the epitome of luxury and functionality, sure to impress even the most discerning of buyers. The main floor is completed with a mahogany wood coffered ceiling dining room, bedroom with en-suite, powder room, spacious mudroom, living room with fireplace with an adjacent sun-drenched music room, and a 4-car garage boasting GarageTek cabinetry and slotted walls for future customization, mahogany doors and radiant heated epoxy finished floors. Stepping into the Primary Suite's reception foyer, the view is immediately drawn to the sunroom wrapped with windows and the beautiful wraparound bluestone balcony. The Primary Suite is finished with a gas fireplace, 2 spacious walk-in closets, and an en-suite bathroom with a steam shower and jacuzzi, sunlit from the 16-foot barrel dormer. The second floor also showcases a stained mahogany wood-paneled library suite complete with coffered ceilings, an adjacent fitness room and a spa bathroom with a sauna/steam room. The second floor is completed with a state-of-the-art laundry center, 2 en-suite bedrooms and 2 additional bedrooms with a connecting bathroom. These additional bedrooms feature cathedral ceilings. The lower level partially finished basement comes with an architecturally designed floor plan. Opportunity to finish this floor to your exact dream specifications. Options abound with spa, sauna, steam shower, fitness center, bar, wine cellar, playroom, storage center, powder room, media room, or golf simulator! The lower level contains 11-14' high ceilings, radiant heated epoxy flooring, and a GarageTek-finished utility/mechanical room. With its unbeatable location, expert craftsmanship, and luxurious finishes, this Cold Spring Harbor property is a true masterpiece that will impress even the most discerning of buyers. It exudes elegance, sophistication, expert craftsmanship, and luxury, making it the perfect place to welcome guests and create lasting memories. CSH SD #2 and deeded mooring and beach rights at Eagle Dock.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
3526423
Location
Address
2 Mowbray Lane
City
Cold Spring Harbor
State
NY
Zip Code
11724
County
SUFFOLK (NORTHWEST)
Listing
Provider
Laffey International Realt Estate, original listing
Name
Laffey International Realt Estate
Phone
(800) 774-1462
Office Name
BERKSHIRE HATHAWAY
Office Phone
(800) 774-1462
Agent Name
Scott Van Son

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.