CCertihomes
2 Fort Wetherill, Jamestown, RI 02835

$30,000,000

0 beds 0 baths Active

About this home

A rare opportunity to own one of the most iconic waterfront locations on the East Coast. Offered for the first time in many generations, the Dragonline property sits alone atop a bluff at the mouth of Narragansett Bay, and boasts 360-degree unobstructed views with the Newport Bridge to the north, Aquidneck Island to the east, and Block Island, Point Judith, and Beavertail to the south and west. Originally the site of an historic 54 room homestead, today there are three distinct buildings: the three story main studio, the cabin nestled in cedar trees, and the two story accessory workshop. Swim from secluded coves on the property or walk down to your own boat slip at the Fort Wetherill boatyard. Although the property is spacious and perfect for entertaining and family gatherings, the site radiates a natural tranquility and calmness. The property is comprised of two separate lots, one of which is vacant. An application to the RIDEM for an eight bedroom OWTS (septic) design has been APPROVED. Although secluded and private, the location allows for easy access to all that Jamestown and Newport have to offer, as well as easy travel to Providence and Boston. PROPERTY ALSO LISTED AS MLS 1358281

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$173,460/mo

Real estate (PITI + HOA + PMI)
$177,837
Principal + interest$136,063
Property tax + insurance$30,524
PMI / 2nd mortgage$11,250
Utilities
$13,311
Heating + cooling$6,509
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$173,460/mo TLC
Budget$173,960/mo
Remaining after TLC$500/mo
Purchase price
$30,000,000
Down payment
$1,500,000 (5%)
Loan amount
$28,500,000
APR
4%

Quick facts

Type
Land
Style
Year built
Lot size
3.2369 ac
Stories
0
Heating
Cooling
Water
Well
HOA
Annual tax
$26,925
MLS #
1360551
County
Newport

At a glance

Waterfront

Lot features

Rural, Extra Lot

Neighborhood — 02835

MetricThis ZIPCountyUSA
Population5,6781,095,423299,088,112
Population Change Since199014.00%9.00%20.00%
Population Density603994
Male2,756529,266147,432,321
Female2,930566,157151,655,844
Never Married960266,40463,775,926
Married2,915435,678123,120,365
Separated13843,64212,639,686
Widowed29266,66815,467,586
Divorced46783,84323,075,029
Number Of House Hold2,205410,399111,826,380
Average House Hold Size2.572.562.60
Medial Age45.3937.2735.46
Median House Hold Income$72,187$47,553$48,276
Average House Hold Income$100,797$61,609$63,629
P C I$39,210$23,965$24,529
M D I$58,705$40,634$41,133
A T H E$71,409$49,940$50,898
S T R7.00%7.00%
W C J75.71%78.02%77.74%
(Zip) Code
2835

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
RI & State Wide MLS

Listing information last refreshed 6/1/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.