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Enjoy Summer on South Pier! A rare offering- Brand New Construction tucked away on 2. 96+/- acres of privacy conveniently located in "The Pier" with boutique shops, famed restaurants, and picturesque Narragansett Beach & Seawall at your fingertips. This 4 bedroom, 3. 5 Bathroom Colonial offers an expansive First Floor Primary Suite with spa like ensuite featuring a solid, quality cast iron soaking tub, Chef's Kitchen with top-of-the-line appliances, and open concept living featuring soaring cathedral ceilings anchored by a floor-to-ceiling fireplace. Upstairs discover a grand balcony overlooking the main living level, 3 bedrooms including a second floor suite, additional full bath, office space, and dedicated laundry room. Designed with your convenience in mind, located upon entry from the oversized 2 car garage you'll find a spacious mudroom- creating the perfect "drop zone". Whether you're seeking a Primary Residence or a Summer Retreat this property presents an exceptional opportunity to own the coastal haven you've been dreaming of while just 90 minutes from Boston and less than 3 hours from NYC, making it an ideal getaway destination. 140 South Pier Road invites you to discover coastal charm of Narragansett from the comfort of your New Construction home. Call today to start picking your paint colors + finishes! *House photos are renderings and are subject to change during construction.
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$2,995,000
William Raveis Real Estate
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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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,604 | $15,342 | $20,381 |
Total Monthly Payment | $13,729 | $15,467 | $20,506 |
* 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.