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This one-of-a-kind hand-crafted post-and-beam home, named Sakonnet Shores, is a rare blend of artistry, sustainability, and connection to the land and sea. Built with traditional timber-frame techniques without a single nail the red oak beams were sourced from Massachusetts, hand-cut with wooden pegs, and raised on-site in the tradition of Amish barns. Red cedar siding, wide-plank antique pine floors milled from historic Fall River beams, and exposed timber throughout create warmth and timeless beauty. Built with SIP panels, solar design, and participation in the RI Energy program, the home is both efficient and income-generating. Natural light pours in through Pella and Andersen windows, French doors, sliders, and 10 skylights that frame saltwater views. Modern comforts include two dishwashers, dual laundry areas, a chef's kitchen with cathedral ceilings, soapstone counters, bar seating for 12, and a walk-in pantry. The primary suite offers a spa bath, private patio, and outdoor shower, complemented by additional bedrooms, flexible office space, and multiple patios for entertaining. Fireplaces in the living room and upper salon invite cozy gatherings, while the lower-level gym doubles as a fifth bedroom with a sauna and steam shower. The 1. 68-acre grounds feature flowering trees, hydrangeas, and saltwater frontage with rights to two moorings. Just minutes to Newport and 30 minutes to Providence, it's a rare coastal retreat.
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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 | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.294% | 6.133% | 6.058% |
| Monthly Tax Payment | $952 | $952 | $952 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,231 | $14,365 | $20,057 |
| Total Monthly Payment | $14,308 | $15,442 | $21,134 |
* 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.