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1423 Cooneymus Road, Block Island, RI, 02807 | $4,650,000
Perched majestically within the exclusive enclave of Southwest Point on Block Island, the extraordinary residence known as "Bluffhead" commands attention and admiration. With over 4700 square feet of pure luxury, this 5-bedroom, 4. 5-bath estate boasts unparalleled ocean views from every angle. Its open floor-plan seamlessly integrates a gourmet kitchen, dining area, and living space, crafting an ambiance of grandeur and comfort. Two magnificent primary suites, marked by soaring ceilings and sweeping Atlantic Ocean panoramas, spill out onto inviting terraces that effortlessly blend indoor and outdoor living. A two-car garage on the first level accommodates island vehicles and toys, while a capacious basement houses an entertainment room, wine cellar, and workout space, complete with an additional lower-level deep garage, ideal for storing your island boat. Beyond its splendor, Bluffhead proves an enticing investment, as its allure yields substantial weekly rental income, solidifying its status as a coveted destination for those seeking the best of Block Island living. Inquire for more details to embark on this extraordinary lifestyle and secure your piece of coastal paradise.
Features
- Amenities: Marina,Recreation Area
- Rooms: 8
- Bedrooms: 4
- Baths: 4 full / 1 half
- Style: Contemporary
- Year Built: 2004
- Garage: 3-car Attached,Garage
- Heating: Gas,Hot Water,Zoned
- Cooling: Central Air
- Basement: Exterior Entry,Full,Interior Entry,Partially Finished
- Approx Sq. Feet: 5,501
- Acreage: 1.89
- Est. Taxes: $17,775
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
- MLS#: 1312712
- Website: https://www.raveis.com
/eprop/1312712/1423cooneymusroad_blockisland_ri?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1423 Cooneymus Road, Block Island, RI, 02807
$4,650,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,720,000 | $3,720,000 | $3,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | $1,481 | $1,481 | $1,481 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $21,122 | $22,905 | $30,891 |
| Total Monthly Payment | $22,728 | $24,511 | $32,497 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB