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This is more than a home; it's a fully reimagined family compound built for effortless luxury and generous entertaining. This expansive property offers a lifestyle that balances the vibrancy of Newport with the space and tranquility of Middletown. With seven bedrooms and seven and a half bathrooms, there is room for everyone to spread out. The main residence is designed for seamless modern living, featuring two spacious living rooms, a dedicated first-floor bedroom suite, and a private office. At the heart of the home is the eat-in chef's kitchen, equipped with high-end appliances and a walk-in pantry featuring a beverage refrigerator. The culinary space flows into a formal dining area and is accented by custom woodwork and coffered ceilings throughout. Upstairs, the primary suite is a retreat unto itself, boasting separate vanities, a luxurious walk-in shower, a deep soaking tub, and an oversized walk-in closet. The lifestyle extends outdoors where an in-ground pool and spa create a private oasis for year-round enjoyment. For extended family or income potential, the property includes a legal apartment above the two-car garage. Best of all, the property is perfectly situated on the Newport/Middletown line, granting you instant access to all the shopping, dining, and coastal amenities Newport is famous for, while still providing the space to entertain and relax. Plus, as a Middletown resident, you secure the coveted Middletown beach sticker, your ticket to local sand and surf.
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$3,995,000
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 | $3,196,000 | $3,196,000 | $3,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.028% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,572 | $1,572 | $1,572 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,672 | $18,651 | $26,114 |
| Total Monthly Payment | $18,369 | $20,348 | $27,811 |
* 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.