Overlooking Newport Harbor the iconic Lighthouse is perfection from top to bottom in all seasons. Relax on five spacious harbor-view decks or entertain in style from the inspiring gourmet kitchen, stunning dining room, great room, an amazingly equipped family/party room or in the circular tower room, all with harbor views. Amenities include top of the line appliances, including commercial sized laundry machines ideal for boat gear. State of the art systems run by Buderus and Viessman, Central AC, whole house security, a new cedar shingle roof and whole house generator ensure comfort and peace of mind. Inviting fireplaces, coffered ceilings, stunning bright work and woodwork detail are throughout. The master suite, reminiscent of St. Barth's luxury has his and her walk-in closets, additional laundry room, a massive walk-in shower, vaulted beamed ceilings and a harbor view deck. The stone enclosed hot tub is adjacent to a charming al fresco dining patio. The Lighthouse is tucked-in on a quiet private road with tall hedges and layers of plantings for privacy. The stunning views which encompass the harbor, bridge and skyline are ever present and varied. Fabulous harborfront location is within walking distance to Ida Lewis and New York Yacht Clubs, Kings Park, restaurants and downtown Newport.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$10,900,000
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 | $8,720,000 | $8,720,000 | $8,720,000 |
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 | $4,563 | $4,563 | $4,563 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $49,511 | $53,691 | $72,412 |
Total Monthly Payment | $54,199 | $58,379 | $77,100 |
* 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.