Discover luxury living in this custom-built coastal retreat, tucked away in Paradise Valley. This multi-generational home showcases craftsmanship and cutting-edge home automation. Minutes away from Aquidneck Island's beautiful beaches, downtown Newport, top-rated schools and amenities, this location offers a blend of tranquility and accessibility. The kitchen is designed to cater to the needs of both culinary enthusiasts and entertainers. The combination of high-end appliances, 48" range top, double wall ovens, two dishwashers, 5 ft Galley sink, butler's sink, and beverage cooler ensures efficient meal prep & cleanup, while the quartz double islands provide ample workspace. It makes a perfect space for both daily cooking and holiday hosting. The home is adorned with custom white oak flooring and matching beams throughout while shiplap ceilings and accents enhance the coastal aesthetics. Relax and watch the stunning sunsets from your farmers porch or cozy up next to one of the fireplaces. With five ensuite bedrooms, the two primaries feature heated tile floors and walk in closets. The home automation system is coupled with Wi-Fi providing seamless control of audio, lighting, climate control and security. The lower level features a media room with 5. 1 audio and is plumbed for a kitchenette or bar area. The backyard is a blank slate for your imagination. Whether you envision a pool, workshop or other outdoor oasis there is plenty of land! Contact us to arrange a private tour.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,550,000
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 | $2,840,000 | $2,840,000 | $2,840,000 |
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 | $1,697 | $1,697 | $1,697 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,125 | $17,486 | $23,584 |
Total Monthly Payment | $17,947 | $19,308 | $25,406 |
* 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.