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Perched high above the coastline in the gated community of the Aquidneck Club, this stunning 18th-floor residence at 1 Tower Drive, Unit 1806 offers a rare blend of luxury, privacy, and breathtaking natural beauty. Completely renovated with high-end finishes throughout, this sophisticated residence is truly move-in ready. Features 2 bedrooms, 3 bathrooms and an additional office/bonus room. The show-stopping kitchen has been thoughtfully designed for both everyday living and entertaining, featuring top-of-the-line Sub-Zero and Wolf appliances, custom cabinetry, and premium countertops that elevate both form and function. Walls of glass frame sweeping, panoramic views of Narragansett Bay and the iconic Mt. Hope Bridge, creating a dramatic backdrop from nearly every room. Whether enjoying your morning coffee or unwinding at sunset, the ever-changing waterfront scenery is simply unmatched. Located within the gates of the Aquidneck Club, residents enjoy an unparalleled lifestyle with world-class amenities, security, and serenity all just minutes from Newport and Bristol. This is coastal luxury living at its finest.
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Our Insurance Division:
$999,000
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 | $799,200 | $799,200 | $799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $747 | $747 | $747 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,475 | $4,856 | $6,690 |
| Total Monthly Payment | $5,314 | $5,695 | $7,529 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.