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An Unparalleled Combination of Privacy, Views, and Island History. One of Block Island's most unique and beautiful properties, offering rare privacy, sweeping ocean views to Montauk, and the Island's most extraordinary collection of mature trees. With 3. 5 acres of historic Payne family farmland, this elevated site features original stone walls, Lily Pond frontage, and potential for over 12, 000 sq ft of living space. Recently completed, the reconstructed 3 bedroom main house blends modern farmhouse style with low-maintenance design. The open kitchen, dining, and living area frames ocean views through large windows and flows seamlessly outdoors to generous decks, a portico-shaded patio, and a striking outdoor shower built on native stone. Heating and AC provide true four-season comfort. A brand-new guest, with its own outdoor shower, decks, and entertaining spaces. Accessed from both Payne Road and Mohegan Trail, the property feels private yet remains close to beaches. Its expansive acres, shaded by mature trees and enhanced by natural breezes, create a setting that is both peaceful and restorative. Combined with wide-open skies, it offers glowing sunsets, endless stargazing, and an unmatched opportunity to experience the very best of Island life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $2,876,000 | $2,876,000 | $2,876,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.259% | 6.058% |
| Monthly Tax Payment | $521 | $521 | $521 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,105 | $17,475 | $24,076 |
| Total Monthly Payment | $16,751 | $18,121 | $24,722 |
* 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.