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This stunning new-construction home seamlessly balances contemporary design, first-class finishes, and curated living for today's lifestyle. Perfectly positioned on the coveted south side of Stone Bridge Drive, this exceptional residence is embraced by beautiful, preserved open space available only to Stone Bridge Farm residents. The main level features a luxurious primary suite complete with custom built-ins, a door to the back patio, and an elegant ensuite bath. The open living room, dining room, and gourmet kitchen are bathed in natural light, and complemented by a full pantry designed for effortless preparation and storage. The first floor living areas open out to a large mahogany deck, a perfect place for a swimming pool, or sunny gardens. The second floor is thoughtfully configured for ultimate versatility. A welcoming landing area for a little sitting room or library space connects the upper level, which features two more spacious bedrooms, a dedicated private office with a view of the pond, and an expansive bonus room. The residence, which has a 2-car garage, is beautifully enveloped by Stone Bridge Farm's five acres of open space, an idyllic private pond with stone bridges, a stream, and wildlife habitat. Access to the Aquidneck Greenway trail that spans Middletown and Portsmouth. This exceptional location is minutes from the island's most desirable beaches, local farm stands, pristine nature sanctuaries, and a short drive to all downtown Newport has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,900,000
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 | $2,320,000 | $2,320,000 | $2,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $476 | $476 | $476 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,173 | $14,285 | $19,577 |
| Total Monthly Payment | $13,774 | $14,886 | $20,178 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.