Welcome to the epitome of beachfront living on Prudence Island! This exceptional two-level home, constructed in 2010, offers breathtaking views of Narragansett Bay from every angle. Situated on an expansive 1. 16-acre lot, this property provides an unmatched oceanfront lifestyle on Prudence Island.
The main level features two bedrooms, a bathroom, and a custom-crafted stone wood-burning fireplace, creating a cozy ambiance for relaxation. The living room and kitchen boast awe-inspiring views of the bay, providing a serene and picturesque living space.
Upstairs, the second floor awaits your personal touch, with all electrical and plumbing in place for a new primary bedroom, bathroom, and office/bedroom. The basement offers the potential for two additional bedrooms, a bathroom, and another living room, all with mesmerizing water views.
This meticulously maintained home boasts impressive mechanicals, including baseboard heat, a generator, a well with a water filtration system, and a large septic system for low maintenance and potential future additions. The property also features enchanting gardens, stonework, and pathways, providing a peaceful and tranquil atmosphere.
With beach access and waterfront views, this home is a rare gem that is move-in ready, allowing you to relish the breathtaking surroundings while completing the finishing touches on the upper floors. Don't miss the opportunity to schedule your boat trip over to view this remarkable property today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$989,000
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 | $791,200 | $791,200 | $791,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.987% | 6.234% | 5.805% |
Monthly Tax Payment | $476 | $476 | $476 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,430 | $4,807 | $6,517 |
Total Monthly Payment | $4,998 | $5,375 | $7,085 |
* 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.