$3,849,000 Price Analysis 318/320 Pine Creek AveFairfield, CT 06824 6 bed 5 bath 3,961 SqFt ($971/SqFt) 0.32 acre lot. Built 2018 Listed 2024-04-05 | Ⓧ USDA Ineligible due to price & location near Fairfield |
Direct Waterfront Home with Sparate 2BR Cottage offers infinite LI Sound views, large dock and spectacular sunsets. #320 (Main House) was beautifully built in 2018 and is 100% FEMA compliant. This perfect beach home is a light filled 4BR/4Bath, direct waterfront dream with deep water dock and direct ac cess to both the Sound and Creek. The gourmet kitchen and tremendous room seamlessly bring the outside in and flow onto the roomy wrap around deck, ideal for entertaining and dining. The luxurious primary suite with gas fireplace and floor to ceiling panoramic views offers endless tranquility while the finished 3rd floor space with outdoor deck and hookup for hot tub provides lots of hangout options. 3 additional private bedrooms with 3 full baths, including a 1st floor bedroom option which also works beautifully as an office.
A 3 car garage underneath with plenty of storage for kayaks and paddle boards offers endless possibilities. #318 (Cottage) is an additional 832+sqft 2BR/1Bath guest cottage and provides tons of options as either an additional living space or as an income producing investment. Cottage is currently rented thru June 2024. .32 acres provides for privacy and completes the premium beach location. Current owner pays $618/year for Flood Insurance for FEMA compliant main house (#320); Cottage (#318) which is not FEMA complaint (but has never flooded) pays $963/year. Cottage would need to be raised 6ft to be compliant. Current tenant has rented cottage for 4 years and current lease ends June 30th, 2024. The annual (below market) rental income for the cottage is $40, 800 ($3400/month). Deep water dock is 100% legal and certified, current owner has never had a boat but was told the dock could safely hold a boat with up to a 3ft draft.
Presented by Deirdre Andreoli at
Compass Westport.
Property MLS #24007377 from SMARTMLS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.