17 Ferolbink Way, Little Compton, RI, 02837 | $4,125,000

Perched above the Sakonnet Passage, this private oceanfront property offers commanding western views of Aquidneck Island and the Atlantic Ocean beyond. Sited on 4. 88 private acres, the property presents a rare opportunity to create an expanded coastal compound with ample space for an accessory dwelling, pool and pool house, pickle ball court, barn, and more. The main level of the home is designed for both comfort and entertaining, with an open living and dining area, an eat-in kitchen and sunroom, a cozy library/office, and a first-floor primary suite, all oriented toward the breathtaking water views. Upstairs, you'll find three additional bedrooms, a full bath, and a teak deck overlooking the ocean and Sachuest Point. The pristine walk-out basement leads to an outdoor shower and path bordered by an artisan fieldstone retaining wall. Access to the rocky beach below, via to-be-built stairs - currently in the permitting process, offers swimming, kayaking, and fishing along the shores of the Sakonnet passage. Located near area beaches, Sakonnet Vineyards, Little Compton Commons, Young Family Farm, and Tiverton Four Corners, this rare waterfront retreat invites you to create a legacy property to be enjoyed for generations. Buyer pays Little Compton Agricultural Conservancy Tax at closing.

Features

  • Amenities: Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 7
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Style: Cape Cod,Contemporary
  • Year Built: 1998
  • Garage: 2-car Attached,Garage
  • Heating: Baseboard,Gas,Hot Water,Oil,Zoned
  • Cooling: Central Air
  • Basement: Full,Unfinished,Walk-Out Access
  • Approx Sq. Feet: 3,713
  • Acreage: 4.88
  • Est. Taxes: $21,251
  • Lot Desc: Private,Secluded,Waterfront
  • Appliances: Dryer,Dishwasher,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Water Heater,Washer
  • MLS#: 1389288
  • Website: https://www.raveis.com
    /eprop/1389288/17ferolbinkway_littlecompton_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Team AFA - DarienLuxury Properties Specialists

203.256.3264

Al@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Jorge L RiveraVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 12303

203.913.1633

Jorge.Rivera@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Alex FerroInsurance Sales Director, William Raveis Insurance

203.610.1536

Alex.Ferro@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

17 Ferolbink Way, Little Compton, RI, 02837

$4,125,000

Team AFA - Darien

Luxury Properties Specialists

William Raveis Real Estate

Phone: 203.256.3264

Al@Raveis.com

Jorge L Rivera

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.913.1633

Jorge.Rivera@Raveis.com

NMLS Mortgage Loan Originator ID 12303

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,300,000 $3,300,000 $3,300,000
Term 360 months 360 months 180 months
Initial Interest Rate** 4.750% 5.625% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.878% 5.732% 5.555%
Monthly Tax Payment $1,771 $1,771 $1,771
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,214 $18,997 $26,745
Total Monthly Payment $19,110 $20,893 $28,641

* 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.