Delightful 2 bedroom cottage with sleeping loft, on an elevation level above the flood plain,with wonderful sunsets over water views. Latimer Point overlooks Latimer Reef Lighthouse and Fishers Island, NY. Unspoiled WATERFRONT peninsula with 75 units in this Beach community of single family homes. Cottage is EXPANDABLE to 2262 SQ FT. TWO beaches, boat ramp, boat slips, boat storage near dock, kayak racks at two areas for members. Ball Field, playground, volleyball net & equipment, horseshoes, etc. are free to families. Respect and care in this community of mostly volunteers is unique. Ownership is under Condominium Documents due to non-conforming lots, and subject to CIOA regulations. Homeowners have first right of refusal when a resident or family sells their cottage. Having NO street lights allow you to enjoy the star filled sky. Fishing tournaments, Annual picnic, home made chowder + more, games, egg toss, tug of war, etc. Pig Roast & other gatherings occur even a holiday party with singing! The Board of Directors meet monthly year round. Beautiful breezes come up the hill and blow right through the many windows of this remodeled & cared for home., Sellers have lived here year round over the past 10 years, as there is a 1000 gallon capacity "cistern" underground which feeds house when public water is off (from Nov. 13-April 15 approximately.) There is a 3 step master plan for putting piping in ground below the frost level to deliver year round use of public water. The standards have been approved, but the vote by the membership requires a 75% positive return of written ballot to proceed. Phase one will be down Latimer Pt. Rd. as the source is next to #100, only 2 houses away. Expansion of this cottage is possible based on the FAR (floor area ratio) to size of lot. The chart indicates that 1391 sf can be added. WATER Views are protected, so panoramic views should remain towards Mason's Island. TAXES will be lower due to reduced Assessment & mil rate as of July 1, 2018. Fire District Tax is currently $508.
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