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Completely rebuilt down to the studs in 2024, this coastal retreat blends modern design with the relaxed lifestyle of Narrow River living. Set one home back from the water on a quiet dead-end street, the property offers water views and river access points just steps away for kayaking, paddleboarding, boating, and fishing. Inside, the redesigned interior features an airy open-concept layout with vaulted ceilings and floor-to-ceiling windows facing the river. Thoughtfully designed to maximize the space, the home includes two ensuite bedrooms with custom tiled showers, plus an additional half bath with washer and dryer. The stylish, fully applianced kitchen is finished with quartz countertops, stainless steel appliances, and contemporary finishes throughout. Every major system has been updated, including the roof, siding, windows and doors, plumbing, electrical, insulation, HVAC system, and Navien tankless hot water heater. Connected to town water, sewer, and natural gas, the property also features an outdoor shower and direct abutment to protected DEM land, enhancing the private coastal setting. Ideally located minutes from Narragansett beaches, restaurants, marinas, and South County amenities, this property also offers excellent flexibility with a strong history of short-term and academic rentals, making it ideal as a year-round residence, vacation getaway, or investment opportunity.
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$699,000
William Raveis Real Estate
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $244 | $244 | $244 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,531 | $4,644 |
| Total Monthly Payment | $3,685 | $3,867 | $4,980 |
* 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.