Exceptional opportunity to enjoy this one of a kind coastal retreat in the heart of the coveted estate section of Ocean Road. This private compound, with an impressive stone and gated entry, offers tranquility and lovely views of Narragansett's iconic coastline. Ideally sited on over 2 acres of lavishly landscaping, this gracious residence encompasses 4,500+ square feet of casual elegance combined with all the requirements of modern living. An open and inviting floor plan features oversized rooms, hardwood floors, gourmet kitchen, casual and formal dining areas, multiple entertainment rooms, oversized windows and several fireplaces. The amenities of this stunning home are extensive including an elevator, state of the art theatre, gym, spa room, central air conditioning, generator, and so much more! This estate also incorporates stunning grounds and outdoor living spaces with a gunite pool, spa, pool house, gazebo, stone fireplace & outdoor kitchen area. All this yet minutes to Narragansett's beautiful beaches, waterfront, restaurants, shops & activities and a short drive to the other popular coastal towns of Newport, Watch Hill, Wickford and Jamestown.
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 2004
Stories: 3
Living Area: 4,512 SqFt
Listing Office:
Office Name: Lila Delman Compass
Office Phone: (401) 789-6666
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Exhaust Fan, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood
Interior: Attic, Cathedral Ceiling(s), Tub Shower, Elevator, Cable TV
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.5K
Per Month
Principal & Interest
$19.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Narragansett Elementary School
55 Mumford Rd
Distance between this listing and this school1.85 miles
Public District Grades PK-4
Middle School
5
/10
Narragansett Pier School
235 S Pier Rd
Distance between this listing and this school1.28 miles
Public District Grades 5-8
High School
7
/10
Narragansett High School
245 S Pier Rd
Distance between this listing and this school1.38 miles
Public District Grades 9-12
Assigned Schools
6
/10
Narragansett Elementary School
55 Mumford Rd
Distance between this listing and this school1.85 miles
Public District Grades PK-4
Nearby Schools
7
/10
Wakefield School
101 High St
Distance between this listing and this school2.94 miles
Public District Grades KG-4
7
/10
Peace Dale School
109 Kersey Rd
Distance between this listing and this school3.66 miles
Public District Grades KG-4
Assigned Schools
5
/10
Narragansett Pier School
235 S Pier Rd
Distance between this listing and this school1.28 miles
Public District Grades 5-8
Nearby Schools
6
/10
Broad Rock Middle School
351 Broad Rock Rd
Distance between this listing and this school3.33 miles
Public District Grades 5-6
6
/10
Curtis Corner Middle School
301 Curtis Corner Rd
Distance between this listing and this school4.60 miles
Public District Grades 7-8
Assigned Schools
7
/10
Narragansett High School
245 S Pier Rd
Distance between this listing and this school1.38 miles
Public District Grades 9-12
Nearby Schools
8
/10
South Kingstown High School
215 Columbia St
Distance between this listing and this school3.05 miles
Public District Grades 9-12
4
/10
Rogers High School
15 Wickham Rd
Distance between this listing and this school7.95 miles
The neighbors living near this home have an average income of $74,740. Most Narragansett, RI residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 383 Ocean Rd
What is the listing price of this property?
The listing price of 383 Ocean Rd property is $3,895,000.
What type of property is this?
The property 383 Ocean Rd is a house located in Narragansett, Rhode Island, 02882.
Is this property for sale now?
Active Listing: 383 Ocean Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 383 Ocean Rd are: Narragansett Elementary School: GreatSchools Rating 6/10Narragansett Pier School: GreatSchools Rating 5/10Narragansett High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $26,201 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 30, 2005 for $3,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 383 Ocean Rd has 5 bedrooms and 5 full and 3 half bathrooms.
What is the square footage of this property?
The property 383 Ocean Rd is 4,512 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 383 Ocean Rd is 2004.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 383 Ocean Rd in Narragansett, RI and zip code 02882. This 4,512 square foot home, which was built in 2004, sits on a 2.18 acre lot. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 28, 2024 and is currently priced at $3,895,000.
In April 2024 more than 5 listings in Narragansett, RI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Narragansett, RI increased by 12.7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $797,450, while the average time on the real estate market was 58 days.
From Rocket Homes Real Estate and based on county public records data.
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
College Football
BJs Wholesale Club
Stein Mart
Express/Express For Men
Panera
Bob Evans
Cracker Barrel
Infiniti
Lincoln
Lexus
Adult Hits
News/Talk/Information
Oldies