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An exceptional offering in the heart of Watch Hill, encompassing approximately 7. 5 acres for a buyer seeking scale, privacy, and long-term flexibility in one of Rhode Island's most coveted coastal settings. With over 1, 000 feet of road frontage, this expansive parcel presents a rare opportunity to establish a private family compound, maintain a significant coastal holding, or plan for future generational use without sacrificing exclusivity or seclusion. Positioned across from Misquamicut Golf Club and minutes from Ocean House and the shoreline, the property combines prestige with acreage that has become increasingly scarce in Watch Hill. The land's size, frontage, and largely level topography offer flexibility that is nearly impossible to replicate this close to the coast. Mature landscaping and expansive grounds create a sense of separation and permanence rarely found in the area, making this an ideal setting for a long-term vision centered on privacy, family use, and legacy ownership. Whether preserved as a single estate parcel or thoughtfully reserved for future flexibility, this property stands apart for buyers who value land as much as location. The parcel's scale and frontage also supports future subdivision offering optionality without defining the property by development alone. A truly rare chance to secure one of Watch Hill's most substantial remaining land holdings.
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$9,750,000
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 | $7,800,000 | $7,800,000 | $7,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $41,872 | $45,519 | $63,733 |
| Total Monthly Payment | $41,997 | $45,644 | $63,858 |
* 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.