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Set on nearly half an acre in Newport's sought-after Ocean Drive neighborhood, this expansive seven-bedroom estate complete with a private guesthouse offers a secluded, resort-style escape just moments from Gooseberry Beach, Ocean Drive, Lower Thames, and Harbour Court. A gated approach welcomes you to beautifully maintained grounds featuring a heated pool and spa, generous outdoor living areas, and a fully fenced yard designed for effortless indoor-outdoor living. The main residence showcases a striking open layout with soaring vaulted ceilings, oversized windows, skylights, and wide-plank flooring throughout. The kitchen is both stylish and functional, ideal for hosting, and flows seamlessly into the living and dining spaces with easy access to the surrounding decks. A dedicated home office and full bath on the first floor provide added versatility. Upstairs, the primary suite offers a peaceful retreat with a luxurious bath, spacious walk-in closet, and access to a private rooftop deck. Additional bedrooms are well-positioned for privacy, centered around a comfortable sitting area. The lower level is designed for relaxation and recreation, featuring a fitness area, sauna, and extra accommodations. The detached guesthouse enhances the property's appeal, offering its own bedroom and outdoor shower perfect for visitors seeking privacy. Multiple decks and patios, a cozy outdoor lounge with fireplace, and beautifully landscaped grounds complete this exceptional property
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Our Executive Mortgage Banker:
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$25,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $20,000 | $20,000 | $20,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $120 | $125 | $165 |
| Total Monthly Payment | $195 | $200 | $240 |
* 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.