Premier Estate Residence at the luxury, THE PRESERVE. Incredible opportunity to own a custom built Estate House with over 4800 sq ft of finished living space AND a Guest 'Cottage' of 2492 sq ft of living space. This is one of the rare places where illuminating imagination, masterful design, and meticulous craftsmanship converge to create the ultimate, one of a kind, residential 'gemstone. '
The Estate house is a stone wrapped structure with hardwood floors, walls of glass/light and soaring ceilings. Let your heart take flight here. From the great room to the chef's kitchen, no expense was spared, not detail was overlooked. This Residence presents itself as a novel, with each chapter, each detail, further embracing the homeowner. It's a novel whose story story is waiting to include you. The Guest Cottage is of the same inspiration, design & execution of craftsmanship. Responses to inquiries will include greater detail on the structures and elements of design. Noteworthy : Main residence is currently leased: $912, 500 annum.
The setting for this opportunity is amazing. Nestled in the Southwest corner of the Ocean State, near Watch Hill & Newport. the property is moments from interstate 95 & Westerly airport. Moreover, this location is in the center of the premier, luxury sporting club on the East Coast: The Preserve. Everything at your fingertips: golf, spa, swimming, fine dining, clay shooting, fishing, hiking, kayaking, ziplining, wall climing, & equestrian activities
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$19,900,000
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 | $15,920,000 | $15,920,000 | $15,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $9,500 | $9,500 | $9,500 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $92,905 | $100,625 | $134,342 |
Total Monthly Payment | $102,530 | $110,250 | $143,967 |
* 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.