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Welcome to 136 Adams Point Road, the pinnacle of waterfront luxury living, where elegance meets coastal charm. This residence seamlessly blends sophistication with the serene beauty of Smith's Cove. Nestled on over an acre of pristine property, this meticulously maintained home offers over 6, 300 square feet of opulent living space. Built in 2008, this home features five generous bedrooms, four full and two half bathrooms, providing ample space for family and guests. The open layout, highlighted by high ceilings and sunlit rooms, provides a warm and inviting atmosphere. A new, gourmet kitchen, equipped with high-end chef-grade appliances and a butler's pantry, opens to the living and dining areas for easy entertaining. The primary suite boasts tray ceilings and a cozy gas fireplace. For boating enthusiasts, a private dock provides access to Narragansett Bay and the expansive ocean beyond. Additional highlights include a finished walk-out lower level with a wet bar and gym, a secluded guest suite, richly paneled office space, serene stone porches, a three-car garage, and a full-house generator. This home offers a unique blend of elegance and relaxation in a coastal setting. Don't miss the chance to own this exceptional waterfront property.
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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 | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | $4,284 | $4,284 | $4,284 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,724 | $23,051 | $30,623 |
Total Monthly Payment | $25,133 | $27,460 | $35,032 |
* 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.