Nestled on a serene peninsula, this exceptional contemporary home offers breathtaking water views, and direct access to a private beach. Located on the tranquil Kickemuit River just before it meets the Mount Hope Bay. This property presents the ultimate in coastal living. The sleek modern design and expansive windows throughout the home and high ceilings maximizes its enviable location with panoramic 270-degree views with stunning sunrises. The open concept living areas bathed in natural light provide a seamless flow between indoor and outdoor spaces. Step outside to your private sanctuary and take in the picturesque vistas. The private beach offers a peaceful retreat for sunbathing, sailing. kayaking, fishing and swimming. Enjoy Alfresco dining while entertaining friends or having a relaxing meal by the water's edge after a day on the bay either on the deck or on the patio. This home is a true haven for water enthusiasts. The home is designed by an architect to withstand winds of 170 miles per hour with 17 concrete footings that anchor the home to its location. Completely rebuilt except for the original foundation which has also been expanded in 2006. Close to many amenities nearby including the vibrant towns Of Bristol, Barrington and Warren. Do not miss out on this opportunity for an unparalleled living experience in one of Rhode Island's most coveted locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $739 | $739 | $739 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,630 | $9,483 | $12,724 |
Total Monthly Payment | $9,494 | $10,347 | $13,588 |
* 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.