COASTAL LIVING AWAITS YOU: Rare Prime Waterfront Lot in Potowomut, located in the desirable Sandy Point neighborhood. This parcel is ready for its next chapter for you to enjoy an intimate waterfront lifestyle on this stunning oceanfront lot. With direct water access and a prime location, the site is perfectly positioned for a significant new build and your own private dock. Whether you envision a modern glass retreat or a classic coastal estate, this lot provides the space and the setting. The existing 1950 structure is of nominal value, making this an ideal site for new construction. Property is a short ride to championship golf courses, private schools, and fabulous restaurants on Main Street in East Greenwich. Being sold AS IS, with no approvals.
Subdivision:
Potowamut/Sandy Point
Permitted Use
Single Family
Utilities
Electricity Available,Municipal Utilities,Water Connected
Lot Description:
Waterfront,Level
Amenities:
Golf, Marina, Near Schools, Recreation Area, Restaurant
111 Charlotte Drive, Warwick, RI, 02818
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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