"Far Niente, "A stately shingle style oceanfront home in Narragansett blends modern amenities with classic coastal architecture. Spanning an impressive acre of oceanfront with direct access to kayak or paddle board in your front yard. The exterior features cedar shingles with subtle details of waves and scallops and tasteful wraparound decks that contrasts beautifully with the blue ocean backdrop. Expansive windows and french doors maximize water views and natural light. The custom home is a mirror image creating two private en-suites with balconies on either side on the upper floor. There is ample outdoor living space, perfect for enjoying the sea breeze and panoramic views. Inside, the design emphasizes open, airy spaces with high tray ceilings, custom millwork cabinets and herringbone floors. Living areas include cozy fireplaces, built-in shelves, and large picture windows. Bedrooms, are designed to be both comfortable and elegant, with en-suite bathrooms that offer spa-like amenities. The lower walk-out level offers a second kitchen, various rooms for a gym, office or art studio all while looking at the ocean. A tasteful shed with outdoor shower and two car garage complete the home. This home feels timeless yet thoroughly contemporary, perfectly situated to enjoy the scenic beauty of Narragansett's waterfront. Enjoy watching The Blessing of the Fleet every July coming out of Galilee from the comfort of your deck and savor the most incredible sunsets over Salty Brine beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,795,000
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 | $4,636,000 | $4,636,000 | $4,636,000 |
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 | $2,339 | $2,339 | $2,339 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,323 | $28,545 | $38,498 |
Total Monthly Payment | $28,787 | $31,009 | $40,962 |
* 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.