In 2005, the cottage on this water view property was reimagined and this stunning, sun-swept seaside villa was built and incorporated a new second floor. Designed to capture the beautiful, ever-changing water, sunrise and sunset views over the West Passage of Narragansett Bay, it was created to blend the indoors and outdoors. The living space was expanded through waterside terraces, a pergola-covered outdoor entertainment area with a built-in pizza oven and a magical outdoor dining area. A floor-to-ceiling neutral palette, open plan and natural materials, like Travertine floors, ensure easy, care-free living. A focal point, the kitchen is perfect for entertaining, with an 11-ft. center island, dual-fuel cooktop/stove and separate induction cooktop. A floating gas fireplace in the dining room provides warmth, while the living room opens to an expansive tiled terrace that overlooks the water and has imported wrought iron railings. The serene second floor primary suite is an oasis with a separate office area, laundry, custom closets, spa bath with a soaking tub and walk-in shower and, a waterside balcony. A spacious guest suite which enjoys a large, tiled bath occupies the first level and is conveniently located with an entrance off the picturesque cobblestone courtyard. The home offers a single-car garage, 60-year Decra LEED metal villa tile roof, two-year old 3-bedroom septic, beach access directly across the street and is a picture perfect year-round or seasonal home.
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Our Executive Mortgage Banker:
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$1,875,000
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 | $1,500,000 | $1,500,000 | $1,500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $403 | $403 | $403 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,400 | $9,236 | $12,456 |
Total Monthly Payment | $8,928 | $9,764 | $12,984 |
* 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.