1 Harbor View Drive, Newport, RI, 02840 | $6,750,000

An extraordinary opportunity awaits near the prestigious New York Yacht Club. Perched above Newport Harbor, this home offers breathtaking panoramic views of downtown, Narragansett Bay, Ida Lewis, Fort Adams, and the iconic Newport Bridge.
This 4-bedroom, 4. 5-bathroom residence features exquisite living spaces perfect for entertaining and savoring the views. The recently renovated custom entertainment kitchen is a culinary dream, with quartz countertops, a gas stove, a Sub-Zero refrigerator, a wet bar, and a dedicated coffee area.
Renovations include remodeled bathrooms, new paint throughout the first and second floors, and refinished hardwoods. The generously sized primary suite, overlooking the waterfront, offers a serene sitting room with a wet bar and a spa-like bathroom with a deep soaking tub, dual sinks, and a private sauna.
The outdoor space is a true oasis with a heated pool, jacuzzi, and pool house. In 2024, the exterior of the house and pool house were freshly painted, enhancing the estate's charm and curb appeal.
Additional highlights include three fireplaces, a finished basement, ample parking with a gracefully curved driveway, and a 2-car garage.
This prime location with 180-degree water views offers a lifestyle like no other, with potential for expansion and customization to make it your own.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Style: Contemporary
  • Year Built: 1984
  • Garage: 2-car Attached,Garage
  • Heating: Central,Gas,Wood
  • Cooling: None
  • Basement: Exterior Entry,Full,Finished,Interior Entry
  • Approx Sq. Feet: 5,225
  • Acreage: 1.19
  • Est. Taxes: $42,621
  • Appliances: Electric Water Heater,Gas Water Heater
  • MLS#: 1365070
  • Website: https://www.raveis.com
    /eprop/1365070/1harborviewdrive_newport_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 Re/Max Results   Phone: 401-848-7827

William Raveis Family of Services

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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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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

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@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

1 Harbor View Drive, Newport, RI, 02840

$6,750,000

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 $5,400,000 $5,400,000 $5,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $3,552 $3,552 $3,552
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $30,661 $33,689 $45,204
Total Monthly Payment $34,338 $37,366 $48,881

* 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.