Description

A RARE OPPORTUNITY TO BUILD YOUR COASTAL MASTERPIECE ON AN EXCLUSIVE 3/4 ACRE LOT ?? Don't be tide down by an ordinary home! Be the first to call this spectacular 'to-be-built 'custom masterpiece yours. Blending timeless craftsman character with a relaxed beach-inspired aesthetic, this design is guaranteed to make waves. Set within a heavily treed, exclusive wooded enclave on a massive, nearly 3/4-acre lot, this property offers unparalleled privacy. Don't see what you are looking for - If you can dream in Bungalow - We can build your bungalow dream! Get ready to be blown away by luxurious main-floor living space. Step into the central foyer where a dramatic cathedral ceiling sets a mark for elegance. The heart of the home is a sea-riously expansive great room and dining area, featuring soaring ceilings and a wall of windows framing the natural surroundings. Anchoring this space is a magnificent, direct-vent gas fireplace with a stunning stone surround. Cook up a storm in the chef-inspired kitchen! With a massive central island and walk-in pantry, you'll be the captain of every gathering. Transition smoothly to the huge rear-covered lanai-your ultimate port of call for year-round entertaining. The luxurious main-floor master retreat is a true sanctuary, complete with a massive walk-in closet and a 5-piece sp -en-suite featuring a custom shower to wash your worries away. A second main-floor bedroom (or office) adds versatility. Plus, an incredible 3-car garage-split into a double-car bay and separate single-car bay-ensures you'll never be wrecked for storage! Dive deeper into the lower level for the potential of an additional 1,192 sq ft of living space. It features a massive rec room with a second direct-vent gas fireplace, 2 additional large bedrooms, and a full bath. With room left over for personalization, the world is your oyster. Don't let this ship sail-without you! With only 7 Lots remaining this enclave is sailing fast, don't be left on the dock. (id:66096)

Rooms

Main level

Foyer: 2.45 x 2.97 meters
Laundry room: 2.5 x 2.29 meters
Bedroom 2: 4.29 x 3.05 meters
Bathroom: 1.55 x 3.05 meters
Dining room: 4.37 x 3.05 meters
Great room: 5.89 x 5.03 meters
Primary Bedroom: 3.81 x 4.29 meters
Bathroom: 3.78 x 1.7 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater - Tankless
Foundation: Poured Concrete
Exterior: Brick, Stone
Lot Features: Wooded area, Rolling, Waterway, Conservation/green belt

Services

Water: Municipal water
Sewer: Septic System
Utilities: Electricity, Cable, Wireless, Water Available, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Southwold listings, avg age

118d

Price / ft²

$699

List price

$1.22M

Homes here sell slower than most markets

Sold homes in this market spent an average of 73 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (N5L)

This home lists at $1,224,000, about 13.8× the local median household income of $89,000.

Carrying it typically needs a household income of about $239,090 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.

Median household income: $89,000
Population: 3,714
Median age: 57.6
Owner / renter: 85% / 15%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N5L)

$1,224,000· $699/ft²

For sale

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Full Cost Breakdown

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Down Payment7.96% · $97,400

Min 7.96%50%

Mortgage payment$6,246/mo

↳ CMHC premium ($45,064 capitalized)

Est. property tax$0/mo

Total monthly$6,246

Cash Needed to Close

Down payment (7.96%)$97,400

Land transfer tax$20,955

Est. closing costs$6,172

Total cash needed$124,527

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4302 Thomas Road, Southwold - Single Family for Sale