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Welcome to coastal luxury living in the highly sought-after Sand Hill Cove section of Narragansett. This stunning new-construction home offers 4 bedrooms, 3 baths, and three levels of thoughtfully designed living space, perfectly positioned on a corner lot just a barefoot stroll from Sand Hill Cove Beach. Enjoy breathtaking views of Block Island Sound from multiple vantage points, including a spacious deck and covered deck that are ideal for relaxing or entertaining. The home also features a beautifully designed patio and the convenience of a private elevator servicing all three floors. Inside, no detail has been overlooked. High end finishes are showcased throughout, including a gourmet kitchen with premium appliances, custom cabinetry, and elegant surfaces. Rich hardwood floors flow seamlessly through the living spaces, while designer tile and marble baths add a refined coastal feel. With four generously sized bedrooms, this home offers both comfort and style. An oversized two car garage provides ample storage, and the layout offers potential for internal expansion to create a private guest suite or additional living space. Located in one of Narragansett's most desirable coastal neighborhoods, you are just minutes from Point Judith Lighthouse, the Block Island Ferry, and the waterfront charm of Galilee. Enjoy easy access to local beaches, fresh seafood, boating, and everything that makes coastal Rhode Island living so special.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,150,000
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 | $2,520,000 | $2,520,000 | $2,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | $196 | $196 | $196 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,721 | $14,907 | $20,758 |
| Total Monthly Payment | $14,042 | $15,228 | $21,079 |
* 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.