Welcome to *Lion Head* Perfectly sited on 7 elevated oceanfront acres with breathtaking views of the international boating capital, Newport Harbor, this charming architecturally designed classic stick and shingle style home with contemporary flair is truly the Rhode Island coastal dream! A private laneway leads to this stunning home which blends naturally with its surroundings and offers a graceful fa ade, wide welcoming verandas and lush, mature landscaping. Every room has an amazing ocean view, and most have access to expansive, welcoming outdoor spaces. The home includes five generously sized bedrooms and four full bathrooms creating a large, yet comfortable and inviting home offering several gathering areas with plenty of space for family and friends. The fabulous custom eat-in kitchen has professional grade appliances, granite counters, rich wood cabinets and a cozy fireplace. The adjoining great room and living room each have a fireplace and both overlook the ocean with access to the wrap-around porch, which will accommodate anything from a quiet place to enjoy the dazzling views to a large formal gathering. A separate sunny dining room, a full bath and mudroom complete this floor. There is a 3rd floor office/library with oceanfront balcony and the 3+ car garage with loft space has many options. This casually elegant home, set on one of the most scenically beautiful and highly prized coastal sites on Jamestown, is an oceanfront dream come true.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,200,000
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 | $6,560,000 | $6,560,000 | $6,560,000 |
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 | $3,302 | $3,302 | $3,302 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $37,247 | $40,926 | $54,915 |
Total Monthly Payment | $40,674 | $44,353 | $58,342 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.