Immerse yourself in the breathtaking panorama that unfolds before you at 1119 Matunuck Beach Road, featuring sweeping views of Pt. Judith, Block Island, and beyond. Built in 2012 with the beach lifestyle in mind, this residence boasts a thoughtful design. Currently set up as 3 bedrooms (2 bedroom septic system) and 3. 5 bathrooms spread over 1, 913 square feet, the interior is as inviting as the exterior is captivating. Perched 15 feet above the water, this residence offers an unparalleled vantage point to watch surfers gracefully ride the waves from the comfort of your own private deck. The stone wall surrounding the property not only enhances its aesthetics but also provides a protective barrier, ensuring peace of mind during storms. Nature enthusiasts will appreciate the enchanting tide pools revealed by shoals at low tide, creating a dynamic and ever-changing coastal landscape. A path from the house leads to a small sandy beach, or take a leisurely stroll to East Matunuck State Beach through an access point on Ocean Avenue. The 2 decks overlooking the endless ocean expanse provides the perfect setting for entertaining guests or enjoying quiet moments of serenity. Surrounded by the beauty of the coastal landscape, this waterfront home transcends the ordinary, offering a lifestyle defined by tranquility and the captivating allure of the ocean. Welcome home to a haven where every day feels like a seaside retreat!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,975,000
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 | $3,180,000 | $3,180,000 | $3,180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,545 | $1,545 | $1,545 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,066 | $20,625 | $27,701 |
Total Monthly Payment | $20,736 | $22,295 | $29,371 |
* 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.