Enjoy the pinnacle of coastal living from the front row of Newport's famed Ocean Drive. Sunset facing, light-filled rooms have sweeping, unobstructed views of the Atlantic Ocean, breaking waves, rugged shoreline, and nautical activity. "Ocean Mist" sits on a near half-acre of lush landscaping in a setting perfect for relaxation and entertaining. It conveys with deeded rights to a private beach mere yards away. Luxurious details and amenities throughout-high ceilings, elegantly curved walls, grand staircase, 1/4 sawn hardwood flooring, handmade built-ins and cabinetry. A wood paneled elevator services 5, 424 sq ft of living area that includes 4 bedrooms, 5 baths, open concept true chef's kitchen/living/dining area, 3 fireplaces and great room w/ wet bar and covered porch. The primary suite has incredible ocean views, 2 full baths, sitting room, and cupola for meditation or exercise. Large ensuite bedrooms have vaulted ceilings, ocean view porch and balcony. A sunny walk out lower level is designed to customize as a private guest room with bath, live-in suite, gym, entertainment area, or exceptional home office. Curated outdoor space has custom stonework, large private pergola-covered deck w/ trellis, awning, kitchen, and mahogany bar perfect for coffee or cocktails. The travertine patio is gas plumbed with spa, shower, waterfall, and koi pond. Gated entrance, heated three car garage, paver driveway w/ ample parking and exceptional mechanicals make Ocean Mist a joy to own.
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:
$8,250,000
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 | $6,600,000 | $6,600,000 | $6,600,000 |
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 | $3,406 | $3,406 | $3,406 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $39,570 | $42,807 | $57,493 |
Total Monthly Payment | $43,101 | $46,338 | $61,024 |
* 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.