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454 & 460 Seven Ponds Towd Road
Water Mill, NY 11976
$15,995,000
Conventional
Property
Bedroom
8
Bathroom
10
Property Type
Conventional
Square ft
10500
Property Description
Welcome to your exclusive retreat, where luxury and tranquility converge across two distinct and separate lots totaling 18.8 acres. Amidst sprawling landscapes and panoramic vistas, this estate epitomizes refined living. On the primary 1.3-acre lot, a magnificent 10,500 square foot residence stands as a testament to exquisite craftsmanship and timeless elegance. Upon crossing the threshold of the solid white oak door, you're enveloped in grandeur at every turn. Entertain in the expansive great room with its 22-foot coffered ceilings, or find solace in the paneled white oak library. The great room boasts a linear see-through double-sided propane fireplace, lending warmth and elegance to both the den or formal dining room. Off this room is a covered patio with built-in grill, outdoor fireplace and TV. The gourmet kitchen, adorned with top-of-the-line SubZero and Wolf appliances, features custom walnut cabinets and top-quality 2-inch quartzite countertops sourced from Brazil. Thoughtfully designed elements such as LED lighting and dual dishwashers ensure seamless entertaining, while the 48-inch Wolf hood adds a professional touch. French doors lead from the sunny dining area to the expansive bluestone patio, offering an ideal space for indoor/outdoor dining and entertaining. Step into luxury within the junior primary suite, where relaxation awaits at every turn. Enjoy a standing tub and porcelain floors, beach entry shower, radiant heat, along with two walk-in closets for ample storage. Experience the epitome of comfort and style in this sanctuary of elegance and functionality. Ascend upstairs, via staircase or by the three-floor elevator, to discover a large upper deck boasting a propane fireplace, TV, speakers, and breathtaking views over the 17.58+ acre reserve. The primary suite beckons with its own propane fireplace, two large walk-in closets, and a spa-like bath complete with soaking tub, beach entry shower, and radiant heat. Four additional bedrooms, each with en-suite bathrooms and walk-in closets, complete the second floor. Descend into the lower level, where leisure and entertainment await. Engage in your favorite pastimes with two putting holes on the cutting-edge Uneekor golf simulator, or immerse yourself in the 14-seat movie theater featuring step lights and sound-permeable walls for an unparalleled cinematic experience. The fitness center boasts resilient rubber floors, while the spa bath offers a cedar sauna and steam room for ultimate relaxation. Step outside to explore the expansive grounds, featuring a two-hole putting green, sunken tennis court, and 20x50 pool. With a 17.58+ acre reserve offering endless possibilities for customization and enjoyment, this estate presents a rare opportunity to create your own private oasis. Whether seeking serenity or stylish entertainment, this property offers the perfect canvas for realizing your dreams of luxurious living amidst natural splendor.
Property Information
Lot Size
18 acre(s) square ft
Property Type
Residential
Year Built
2024
MLS Number
11273185
Location
Address
454 & 460 Seven Ponds Towd Road
City
Water Mill
State
NY
Zip Code
11976
County
SUFFOLK (EAST)
Listing
Provider
Name
Compass
Phone
(212) 913-9058
Office Name
Compass
Office Phone
(212) 913-9058
Agent Name
Breitenbach Advisory Team

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HUD Foreclosures

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.