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Experience refined coastal living with this rare and compelling waterfront offering. Ideally positioned along the west-facing shoreline of Hundred Acre Cove, expansive water views, spectacular sunsets and private beach area make this an exceptional setting. This property's extraordinary potential presents a unique opportunity to reimagine a coastal estate in one of Barrington's most coveted locations. The existing cottage-style home and separate guesthouse provide immediate enjoyment or income potential, while emphasizing the value of the land itself. With its prime orientation, serene surroundings and picturesque waterfront, the site offers an ideal canvas for a discerning buyer seeking to create a custom coastal retreat on this private Cul de sac. Conveniently located near Barrington's shops, dining, marinas, and highly regarded schools, this is a rare opportunity to invest in waterfront location and long-term vision within one of Rhode Island's most sought-after communities. Included in listing are conceptual renderings illustrating possible design visions for a luxury waterfront home thoughtfully integrated with the landscape and coastal environment. Renderings are for illustrative purposes only; any future construction, expansion or redevelopment is subject to buyer's due diligence, zoning regulations, permitting, coastal approvals and all applicable local, state, and environmental requirements.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 | $1,160,000 | $1,160,000 | $1,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.846% |
| Monthly Tax Payment | $1,579 | $1,579 | $1,579 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,406 | $6,862 | $9,555 |
| Total Monthly Payment | $8,110 | $8,566 | $11,259 |
* 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.