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Coastal Elegance on Block Island's West Side. Commanding a premier waterfront setting in the sought-after Grace's Cove area, this exceptional coastal estate on Block Island's west side seamlessly merges timeless New England architecture with a complete, high-end renovation, offering a level of privacy and quality rarely available on the Island. Set above the shoreline with uninterrupted views across the Sound and out to the mainland, the residence has been meticulously reimagined with curated finishes and advanced performance features throughout. The interior embraces a refined coastal aesthetic hardwood flooring, custom millwork, tailored cabinetry, and designer lighting all working in harmony to create an atmosphere of relaxed sophistication. Expansive main living areas are bathed in natural light, with walls of glass and French doors opening to an array of outdoor living spaces, including ocean-facing verandas, a fire-lit terrace, and a dramatic infinity-edge pool and spa suspended above the sea. Designed for both effortless entertaining and quiet retreat, the home flows seamlessly between indoor and outdoor spaces. Private bedroom suites offer tranquil sanctuaries with sweeping water views, blending comfort and elegance at every turn. From sunrise reflections to glowing sunset skies, this extraordinary property offers a rare front-row seat to the natural beauty of Block Island where luxury meets the enduring spirit of the coast, and every day feels like a getaway.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $5,560,000 | $5,560,000 | $5,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,990 | $1,990 | $1,990 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $30,273 | $33,335 | $46,171 |
| Total Monthly Payment | $32,388 | $35,450 | $48,286 |
* 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.