Discover the art of coastal living in a setting that truly defines serenity. Set against acres of preserved land and framed by the captivating hues of sunset skies and views of the Rhode Island, Connecticut and New York coastlines, this exclusive residence captures the essence of privacy and sophistication. Nestled on Block Island's West Side, this expansive home spans over four thousand square feet, a testament to thoughtful design and craftsmanship. With meticulous attention to detail, the interior boasts five bedrooms and five and a half baths, exuding an understated luxury that speaks to refined taste. The primary suite, a retreat within itself, offers high ceilings and a private terrace that overlooks the Atlantic Ocean and the Island's stone-walled landscapes. This is a place where the outside world is at your feet, inviting moments of quiet contemplation. Transition seamlessly from indoor to outdoor living as inviting spaces unfold, leading to a tranquil pool surrounded by a tasteful Travertine patio. This is where relaxation takes on a new meaning whether it's a refreshing swim, a leisurely sunset dinner, or simply soaking up the serenity. This home not only offers an oasis within its walls but also a connection to the unique charm of Block Island. It's a chance to embrace a lifestyle that balances elegance with the Island's natural beauty. Don't miss the opportunity to make this distinctive residence your own a place where coastal living meets quiet sophistication.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $5,760,000 | $5,760,000 | $5,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,069 | $1,069 | $1,069 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,534 | $37,359 | $50,176 |
Total Monthly Payment | $35,728 | $38,553 | $51,370 |
* 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.