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811 Ocean Road, Narragansett, RI, 02882 | $2,995,000
Seize the rare chance to own a piece of Narragansett history with this exceptional oceanfront property, available for the first time in nearly a century. Spanning over half an acre of level land, this prime coastal lot offers breathtaking, unobstructed views of the Atlantic and direct beach access just steps from your front door.
Perfectly situated along the one of the most beautiful stretches of coastline in the state and nestled the heart of Narragansett, this property is conveniently connected to town water, sewer, and gas providing a seamless foundation for your dream home. Whether you envision a luxurious Summer retreat or a stunning year-round residence, this rare offering allows you to craft the ultimate coastal escape.
The same family have owned this seaside retreat since 1933. The original Main Cottage was moved and rebuilt in 1945 with three additional cottages built in 1955 and 1965. There are 3 lots that make up this large parcel all being sold together as one.
Enjoy close proximity to world-class surfing, vibrant restaurants, and the finest East Coast beaches, all while being surrounded by one of Rhode Island's most spectacular shorelines. Spend the day relaxing at Scarborough Beach or catch the Ferry to nearby Block Island for the weekend. Don't miss this once-in-a-lifetime opportunity to build your vision in one of the states most coveted waterfront locations.
Do not walk the property without realtor present
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 20
- Bedrooms: 9
- Baths: 4 full / 1 half
- Style: Cabin
- Year Built: 1945
- Garage: No Garage
- Heating: Baseboard,Electric
- Cooling: Window Unit(s)
- Basement: Crawl Space
- Approx Sq. Feet: 4,000
- Acreage: 0.57
- Est. Taxes: $15,955
- Lot Desc: Private,Secluded,Waterfront
- View: Saltwater,Water
- Appliances: Electric Water Heater
- MLS#: 1379031
- Website: https://www.raveis.com
/eprop/1379031/811oceanroad_narragansett_ri?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
811 Ocean Road, Narragansett, RI, 02882
$2,995,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
| Monthly Tax Payment | $1,330 | $1,330 | $1,330 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,604 | $15,144 | $20,219 |
| Total Monthly Payment | $15,059 | $16,599 | $21,674 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB