1 Tower Drive, #1802, Portsmouth, RI, 02871 | $950,000

Experience luxury living on the 18th floor of Carnegie Tower at Carnegie Abbey. This sought-after floor plan features two bedrooms with ensuite bathrooms, a den/home office, and three full baths within an open-concept layout designed to showcase panoramic views of Narragansett Bay and breathtaking Newport Bridge sunsets. Enjoy two private balconies, one off the primary bedroom and another off the dining area, perfect for soaking in the scenery. Direct elevator access ensures seamless entry. The HOA fee includes heat, and hot water, providing effortless living. Residents enjoy an array of exclusive amenities, including a state-of-the-art fitness center, Olympic-sized pool pavilion, outdoor grilling area, conference room with a kitchen, concierge services, and 24/7 gated security. This unit also includes a highly sought-after private cabana and covered parking, offering the ultimate in resort-style living. For those seeking an elevated coastal lifestyle, optional membership at The Aquidneck Club provides access to world-class golf, tennis, an equestrian center, a marina, and a clubhouse with a restaurant all just moments away. A short drive brings you to historic Newport.

Features

  • Parking: 1-car
  • Heating: Forced Air,Gas,Zoned
  • Cooling: Central Air
  • Amenities: Maintenance,Pool,Spa/Hot Tub,ConciergeConcierge,Golf,Highway Access,Marina,Maintenance On-Site,Near Schools,Pool,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 3 full
  • Laundry: In Unit
  • Complex: Aquidneck Club
  • Year Built: 2008
  • Common Charge: $2,005 Monthly
  • Approx Sq. Feet: 1,800
  • Acreage: 5.01
  • Est. Taxes: $9,882
  • View: Saltwater,Water
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Microwave,Oven,Range,Refrigerator,Range Hood,Washer
  • MLS#: 1377379
  • Website: https://www.raveis.com
    /prop/1377379/1towerdrive_portsmouth_ri?source=qrflyer
Copyright © 2025  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Gustave White Sotheby's Realty   Phone: 401-849-3000

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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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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
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1 Tower Drive, #1802, Portsmouth, RI, 02871

$950,000

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 $760,000 $760,000 $760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.625% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.739% 6.183%
Monthly Tax Payment $824 $824 $824
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,315 $4,866 $6,413
Total Monthly Payment $5,231 $5,782 $7,329

* 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.