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Welcome to Narragansett's most iconic new coastal address. Step into a new era of refined shoreline living with The Avalon Collection in Narragansett, a visionary to-be-built new construction offering unlike anything Rhode Island has seen. Perfectly positioned in the exclusive enclave of Black Point, and mere steps to one of the state's most cherished beaches, this modern coastal masterpiece blends bold architecture with the effortless rhythm of the ocean. Wake each morning to sea-salt breezes rolling along the Narragansett coastline. Walls of glass capture panoramic ocean vistas, allowing natural light to pour in. Every residence is an intimate retreat where relaxation meets refinement. Inside, this 4 bedroom 4 bath house offers open-concept living spaces appointed with world-class finishes, custom millwork, and artisan-crafted materials. A chef's kitchen with bespoke cabinetry, quartz island, and top-tier appliances anchors the main level, while spa-inspired baths offer imported stone, rainfall showers, and a soaking tub designed for restorative coastal living. Seamless indoor-outdoor flow leads to expansive terraces that invite sunset gatherings, ocean-view entertaining, and quiet mornings with coffee overlooking the water. A private plunge pool, outdoor fireplace, and cabana create a resort-style atmosphere right at home. This property can be purchased with abutting lot to offer 100ft of frontage. Subject to local & state approvals.
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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% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,451 | $22,519 | $31,442 |
| Total Monthly Payment | $20,576 | $22,644 | $31,567 |
* 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.