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A rare waterfront opportunity. This direct Straits Pond property offers sweeping water views stretching to the Atlantic Ocean and iconic Minot’s Light. Set on a beautiful, level 0. 4-acre lot, the setting provides exceptional privacy and a truly special coastal backdrop. The existing Cape Cod–style home presents a classic diamond in the rough, ideal for redevelopment, renovation, or creating a brand-new custom waterfront residence. Not located in a flood zone, this property combines peace of mind with remarkable potential. A unique chance to secure a premier waterfront lot with expansive views and endless possibilities. Located at the entrance to town and short stroll to sandy Gunrock Beach. Furnace new in 2025.
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Hardwood | First |
| Kitchen | Dining Area | First |
| Living Room | Beamed Ceilings, Flooring - Hardwood, Deck - Exterior, Window Seat | First |
| Master Bedroom | Closet, Flooring - Hardwood | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | $494 | $494 | $494 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,958 | $3,079 | $4,052 |
| Total Monthly Payment | $3,544 | $3,665 | $4,638 |
* 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.