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181 Prospect Farm Road, Portsmouth, RI, 02871 | $3,150,000
Nestled at the end of a quiet cul-de-sac in the prestigious Prospect Farm neighborhood, this direct waterfront property offers the perfect balance of everyday comfort and extraordinary beauty. Designed for year-round living, the home features 4+ spacious bedrooms, 5 full and 2 half baths, 5, 000sq ft, a private elevator, a chef's kitchen with Wolf and Sub-Zero appliances, and a bright, flowing layout crafted for gathering and connection. A full unfinished basement offers exceptional opportunity to create additional living or recreational space tailored to your family's needs. Wake to breathtaking sunrises, enjoy coffee on your private balconies, and end your evenings watching moonlight shimmer over the bay. With nearly 1. 5 acres of gently rolling lawn, a Swim Spa overlooking the water, an infrared sauna, and a mooring already in place (dock permit in process), every day here feels like a retreat with all the comforts of home. Solar panels and a full-house generator ensure modern efficiency and peace of mind. Steps lead down to the rocky shoreline for afternoon adventures, and the location offers easy access to Newport, Providence, and all that coastal Rhode Island has to offer. A rare offering where beauty, comfort, and lifestyle come together Coastal luxury you'll live in, love in, and grow in.
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant
- Rooms: 12
- Bedrooms: 4
- Baths: 5 full / 2 half
- Style: Colonial
- Year Built: 2001
- Garage: 3-car Attached,Built In,Garage
- Heating: Forced Air,Oil,Zoned
- Cooling: Central Air
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 5,040
- Acreage: 1.44
- Est. Taxes: $25,384
- HOA Fee: $700 Annually
- Lot Desc: Cul-De-Sac
- View: Saltwater,Water
- Appliances: Oil Water Heater,Solar Hot Water
- MLS#: 1382937
- Website: https://www.raveis.com
/eprop/1382937/181prospectfarmroad_portsmouth_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
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- 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
181 Prospect Farm Road, Portsmouth, RI, 02871
$3,150,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,520,000 | $2,520,000 | $2,520,000 |
| 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 | $2,115 | $2,115 | $2,115 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,308 | $16,136 | $21,436 |
| Total Monthly Payment | $16,548 | $18,376 | $23,676 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB