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**NEW CONSTRUCTION Experience coastal living at its finest in this custom-built seaside home, just a short walk to the beaches, distant sunset views of Newport's iconic Cliff Walk and a 7-minute Uber into downtown Newport. This 4, 200-square-foot home blends timeless craftsmanship with refined modern finishes. The main level features a stunning chef's kitchen with artisan cabinetry, premium appliances, and an inviting open layout perfect for entertaining. Sun-filled living spaces flow seamlessly to a spacious back deck, ideal for al fresco dining or relaxing after a day by the shore. There is also a large bedroom with ensuite bathroom on the first floor. The home's five bedrooms and six baths include a serene primary suite complete with a spa-inspired bath and private second-floor deck. The lower level offers a generous entertainment space with a dry bar and full bath, creating the ultimate gathering area. A separate 650-square-foot one-bedroom apartment/ADU sits above the two-car garage, providing excellent flexibility for guests, relatives, or rental income. Additional highlights include central heat and air, a large storage shed, and a beautifully landscaped 14, 500-square-foot lot and the backyard is pool-ready meeting town regulations for installation. With its thoughtful design, luxury finishes, and enviable coastal location, this home captures the essence of relaxed Newport living.
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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 | $2,280,000 | $2,280,000 | $2,280,000 |
| 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% | 5.952% |
| Monthly Tax Payment | $794 | $794 | $794 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,414 | $13,670 | $18,933 |
| Total Monthly Payment | $13,333 | $14,589 | $19,852 |
* 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.