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774a Dune Rd
Westhampton Beach, NY 11978
$6,250,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
3200
Property Description
Savor the pinnacle of Hamptons' luxury living at this exceptional residence, gracefully poised on prestigious Dune Road, where the scarcity of new construction inventory transforms this unique property into an unparalleled opportunity to immerse yourself in the coastal lifestyle of your dreams. Envision your days beginning with the serenity of the ocean waves and the beauty of Moriches Bay, both visible from the comfort of your home. This state-of-the-art residence, meticulously crafted by First Dunes, boasts two decades of Coastal Construction expertise, ensuring an exceptional standard of quality and sophistication. As you step into this timeless modern masterpiece, you'll be greeted by a grand entry foyer that reflect the home's contemporary elegance. The first floor unveils an open floor plan that effortlessly fuses the living and dining areas with a chef's kitchen of unparalleled caliber. Immerse yourself in culinary excellence within the custom kitchen, featuring a spacious dining island with seating for 7 and a suite of top-of-the-line Thermador appliances. The living room, showcases a porcelain-wrapped fireplace and oversized sliding doors leading to your own private outdoor paradise replete with sun-drenched deck and a stunning heated gunite pool equipped with hot tub jets. Featuring a laundry room, a well-placed cabana bathroom accessible from both the interior and the rear deck, radiant heat, and exquisite tile flooring, the 1st floor also discreetly houses a bedroom with an en suite bathroom, along with cleverly concealed millwork storage beneath the stairs. As you ascend to the second level, the entire floor is dedicated to the master suite and three additional bedrooms, each featuring its own ensuite bathroom and a private balcony to capture the mesmerizing surroundings and water views. The master bathroom, a retreat of relaxation, presents a body spray shower, a luxurious soaking tub, and sweeping water views that promise to soothe your soul. Every facet of this exceptional residence exudes craftsmanship and refinement with an array of coastal details ensure the highest standards of safety and durability. The beautifully landscaped grounds lead to a two-car garage and additional storage underneath the home, offering practicality without compromising on aesthetics. For those in pursuit of the quintessential coastal experience, this residence offers a coveted easement to Moriches Bay and the majestic Atlantic Ocean. Unlock boundless opportunities for relaxation and exhilarating watersports, right at your doorstep. Combining timeless beauty with state-of-the-art craftsmanship, this extraordinary property is set to be completed in June 2024.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
11219385
Location
Address
774A DUNE RD
City
Westhampton Beach
State
NY
Zip Code
11978
County
SUFFOLK (EAST)
Listing
Provider
Serhant LLC, original listing
Name
Serhant LLC
Phone
(646) 480-7665
Office Name
SERHANT.
Office Phone
(631) 500-8800
Agent Name
Jack Richardson

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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.

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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.