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This vacant land located at the intersection of Ferry Road and Low Lane in Bristol, RI, presents a rare opportunity to build a custom luxury estate in one of the East Bay's most coveted locations. This 1. 21-acre parcel is fully prepared for immediate development, offering a seamless path to creating a premier coastal residence. Discover the perfect blend of privacy, prestige, and accessibility on this exceptional 1. 21-acre level lot. Situated on the scenic Ferry Road, this prime parcel is a "shovel-ready" gem, complete with a professional survey, approved OWTS (Onsite Wastewater Treatment System) plans, and a comprehensive site design. While these plans offer a vision for a stunning estate, they also serve as a proven blueprint that a buyer can utilize or adapt to suit their own personal style. What truly sets this location apart is its proximity to the water. Just steps from your future front door lies a public right-of-way to the shoreline, granting you effortless access to the salt air and stunning vistas of Narragansett Bay. Whether you envision a modern architectural marvel or a timeless shingle-style colonial, this lot provides the space and serenity required for a true legacy home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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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 | $719,920 | $719,920 | $719,920 |
| 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% | 5.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,920 | $4,259 | $5,930 |
| Total Monthly Payment | $4,012 | $4,351 | $6,022 |
* 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.