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Gorgeous coastal offering on the Bonnet Shores peninsula, surrounded by one of Narragansett's most beautiful seaside settings. Designed and built with an approved in-law/ADU layout, this immaculate one-owner home has never been rented and has been exceptionally maintained, avoiding the wear and tear so common in beach-area properties. Set amid beautiful landscaping with sprinkler system, the home offers a flexible and thoughtfully designed floor plan with kitchen/dining, living, primary bedroom/bathroom suites on each level, all connected by one shared interior entrance. The main level features a comfortable living area, kitchen, dining room with access to a rear patio, spacious bedroom suite with jetted tub, half bath laundry area, and direct entry to the attached two-car garage. The sun-drenched upstairs opens into a bright and generous eat-in kitchen, living room with access to a spacious private deck, full bath with jetted tub, and two large bedrooms with impressive scale and versatility. Major improvements include a full roof replacement in 2025 and original quality hurricane-resistant windows. With public water, public sewer, gas heat, a paved driveway, beautiful grounds, and close proximity to Narragansett beaches, shoreline, dining, and recreation, this is a pristine and versatile coastal home in a desirable Bonnet Shores peninsula setting! House generator included! Interior photos coming Friday so check back in before the open house. Priced to move!
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$895,000
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 | $716,000 | $716,000 | $716,000 |
| 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 | $374 | $374 | $374 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,009 | $4,350 | $5,994 |
| Total Monthly Payment | $4,475 | $4,816 | $6,460 |
* 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.