Presenting Sea Farm, an idyllic estate set on 9 acres of pastoral land providing beautiful views of lush greenery, gardens and abutting conservation land. The house was designed by Estes Twombly Architects, featuring New England charm blended with a modern style providing the connection between indoor and outdoor spaces, the solisysteme custom pergola, and a 2000 sq ft granite terrace. The property features a luxurious salt water pool area seamlessly integrated into the landscape, perfect for relaxation and entertainment. A separate structure houses a four-car garage, topped with a fully-equipped artist's studio apartment, providing additional space for creative work or guest accommodations. Throughout the home, luxury finishes, including hardwood floors, Wolf and Sub-Zero appliances, wine and beverage refrigerators, Carrera marble countertops, and custom millwork, elevate the aesthetic while preserving a warm and inviting atmosphere rooted in New England tradition. The meticulously curated flower and vegetable gardens, along with fruit-bearing orchards, create a picturesque backdrop that brings a touch of country living to luxury. Sea Farm is a perfect balance of traditional craftsmanship and modern luxury in a stunning natural setting. Minutes from beaches and downtown Newport. This sale includes an additional buildable lot with frontage on Black Point Lane.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,850,000
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 | $4,680,000 | $4,680,000 | $4,680,000 |
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 | $4,306 | $4,306 | $4,306 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,573 | $28,816 | $38,863 |
Total Monthly Payment | $31,004 | $33,247 | $43,294 |
* 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.