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Welcome to The Avalon Collection in Narragansett an exclusive enclave of three custom homes steps from one of Rhode Island's most iconic walkable beaches and the scenic trails of Black Point. 815 Ocean Road is the first residence to rise along this coveted stretch of coastline, offering a modern coastal retreat that blends architecture, lifestyle, and location. Developed by David James Custom Homes and built by Davitt Design and Build, this home will showcase refined architecture and timeless design. Open living spaces with cathedral ceilings, multiple fireplaces, oversized windows, and a professional-grade kitchen define the interior, complemented by smart-home systems, custom millwork, and energy-efficient construction. Natural light will pour through every space, blurring the line between indoors and out, with the coastline feeling like an extension of the home. Outdoors, a resort-style oasis will feature a private pool, spa, stone terraces, outdoor fireplace, and a cabana with an outdoor kitchen perfect for sunset gatherings. Buyers may personalize finishes and customize details, with early buyers enjoying special introductory pricing. Opportunity to purchase with the adjoining lot to offer 100 ft of frontage. Subject to local and state approvals. Experience future coastal luxury, craftsmanship, and serenity at The Avalon Collection.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,695,000
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 | $3,756,000 | $3,756,000 | $3,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,451 | $22,218 | $30,939 |
| Total Monthly Payment | $20,576 | $22,343 | $31,064 |
* 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.