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A rare private acre near Newport's beaches- Just minutes from Middletown and Newport's beaches, this newly built cozy farmhouse offers a unique combination of space, privacy, and location that's not often found this close to the coast. The property is framed by 400 feet of restored stone walls, giving it a timeless New England feel. Inside, the home blends clean design with warmth featuring high ceilings, exposed beams, and two river stone gas fireplaces. The open layout connects a well-appointed kitchen with comfortable living and dining spaces designed for both everyday use and seamless indoor/outdoor entertaining. Upstairs, the primary suite offers vaulted ceilings, dual walk-in closets, a fireplace, and a spa-like bath with soaking tub and rainfall shower. The backyard provides plenty of room for a future pool or outdoor living space tailored to your vision, with a level of privacy that's increasingly hard to find in the area. Located about 5 minutes from Second Beach, Third Beach, Easton's Beach, and the Cliff Walk. Just 10 minutes to downtown Newport and all Newport has to offer, this meticulously constructed home checks all the boxes.
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$2,439,000
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 | $1,951,200 | $1,951,200 | $1,951,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $348 | $348 | $348 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,079 | $11,856 | $16,465 |
| Total Monthly Payment | $11,552 | $12,329 | $16,938 |
* 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.