8 Manatuck Avenue, Westerly, RI, 02891 | $14,950,000

Nestled along a stunning stretch of sandy beach and within the village of Watch Hill, Sandcastle presents a once-in-a-lifetime opportunity to own an unparalleled oceanfront retreat. Elegantly situated on nearly an acre adjoining protected conservancy land, Sandcastle offers breathtaking 180-degree ocean views that span from the Weekapaug coastline to the iconic Watch Hill Lighthouse, with a pristine white sand beach in between. Step inside to be greeted by casual refinement, highlighted by handcrafted woodwork that extends into the grand two story salon. This soaring space captures full ocean views and infuses the home with light and tranquility. The dining room also features sweeping water views! This house features a large custom kitchen while the spacious family room, cozy den, first-floor bedroom and bath, and a well-appointed wet bar complete the main level. Upstairs, off the mezzanine, you'll find three additional bedrooms, including the master suite with a luxurious bathroom and a private balcony for sunset viewing. The upper floor also houses an office and a charming alcove, perfect for reading or gazing at the white caps beyond. A slate-covered gazebo and a seaside garden create a magical setting for alfresco entertaining. The property also features a three-car garage with upper-level guest quarters, including two bedrooms, one bath, a sitting area, and a full kitchen. Don't miss this inimitable opportunity to own a piece of coastal paradise.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Shopping,Tennis Court(s)
  • Rooms: 14
  • Bedrooms: 6
  • Baths: 4 full / 2 half
  • Style: Cabin
  • Year Built: 1930
  • Garage: 3-car Detached,Garage
  • Heating: Central,Forced Air,Oil
  • Cooling: Central Air
  • Basement: Exterior Entry,Interior Entry,Partial,Unfinished
  • Approx Sq. Feet: 4,976
  • Acreage: 0.98
  • Est. Taxes: $94,587
  • Lot Desc: Sprinkler System,Waterfront
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
  • MLS#: 1359515
  • Website: https://www.raveis.com
    /eprop/1359515/8manatuckavenue_westerly_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Mott & Chace Sotheby's Intl.   Phone: 401-364-6700

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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
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Our Insurance Division:

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8 Manatuck Avenue, Westerly, RI, 02891

$14,950,000

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 $11,960,000 $11,960,000 $11,960,000
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 $7,882 $7,882 $7,882
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $67,908 $73,640 $99,317
Total Monthly Payment $75,915 $81,647 $107,324

* 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.