Seller's Agent in 2021
Geb Masterson
William Pitt Sotheby's Int'l
(714) 473-8530
1 in this area
38 Total Sales
518 Ocean Rd Narragansett, RI 02882
5
Beds
9
Baths
11,941
Sq Ft
1.95
Acres
Highlights
- Beach Front
- Marina
- Water Access
- Narragansett Elementary School Rated A
- Golf Course Community
- In Ground Pool
About This Home
As of May 2021SeaGrace, an Ultra-Luxury Modern Oceanfront Estate. A newly constructed custom masterpiece inspired by classical New England seaside estates, fully equipped with present-day luxuries throughout the 12,000+/- square feet. Sophisticated resort-like oasis with breathtaking Atlantic Ocean views on nearly 2 acres of pristinely manicured coastline property. Experience dreamy ocean vistas from the 5,000SF elevated limestone terrace, an enchanting retreat where the 36 foot infinity pool magically melds into the ocean beyond. Dramatic water-fire feature sets the stage for unparalleled entertainment day or night, accenting the outdoor chef's kitchen and hot spa for both intimate and grand affairs. Inside, panoramic seascapes and designer appointments stir leisure and tranquility at every turn. Ascend the floating 3-story elliptical staircase to the sumptuous 1,400SF Master Suite with private balcony where you are greeted with awe-inspiring ocean sunrises and sea breezes. Master suite includes stylish Ortal fireplace, heavenly master bath with separate shower and soaking tub, boutique closets and lavish sitting room. With 5+ bedrooms, 7.2 baths, 2 home offices, recreation room, full gym and separate au-pair suite throughout 4 levels, there is none left to be desired at this trophy residence. SeaGrace Estate is surely one of New England's finest legacy estates, a rare achievement of Luxury, Privacy and Style.
Last Agent to Sell the Property
William Pitt Sotheby's Int'l License #RES.0041456 Listed on: 01/18/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $57,898
Year Built
- Built in 2016
Lot Details
- 1.95 Acre Lot
- Beach Front
- Security Fence
- Private Lot
- Secluded Lot
- Sprinkler System
- Property is zoned R-80
Parking
- 3 Car Attached Garage
Home Design
- Stone Foundation
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 11,941 Sq Ft Home
- 4-Story Property
- Dry Bar
- Cathedral Ceiling
- 4 Fireplaces
- Stone Fireplace
- Fireplace Features Masonry
- Gas Fireplace
- Thermal Windows
- Game Room
- Storage Room
- Utility Room
- Water Views
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Home Security
- Security System Owned
- Storm Windows
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
- Energy-Efficient Insulation
- Energy-Efficient Thermostat
Pool
- In Ground Pool
- Spa
Outdoor Features
- Water Access
- Walking Distance to Water
- Balcony
- Patio
- Outdoor Grill
- Porch
Location
- Property near a hospital
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Geothermal Heating and Cooling
- 200+ Amp Service
- High-Efficiency Water Heater
- Septic Tank
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Tax Lot 13-3
- Assessor Parcel Number 518OCEANROADNARR
Community Details
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Additional Features
- Ocean Road Subdivision
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 18, 2021
Closed on
May 21, 2021
Sold by
David R Reiser T
Bought by
Hte Irt
Seller's Agent
Geb Masterson
William Pitt Sotheby's Int'l
Buyer's Agent
Claudia Philbrick
Mott & Chace Sotheby's Intl.
List Price
$13,950,000
Sold Price
$12,000,000
Premium/Discount to List
-$1,950,000
-13.98%
Total Days on Market
97
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,907,989
Avg. Annual Appreciation
-5.63%
Purchase Details
Closed on
Jun 9, 2014
Sold by
Patrica A Russo Per Re
Bought by
David R Reiser T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $12,000,000 | None Available | |
| Deed | $3,625,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000,000 | Unknown | |
| Previous Owner | $1,000,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2021 05/26/21 | Sold | $12,000,000 | -14.0% | $1,005 / Sq Ft |
| 04/26/2021 04/26/21 | Pending | -- | -- | -- |
| 01/18/2021 01/18/21 | For Sale | $13,950,000 | -- | $1,168 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $70,319 | $10,735,800 | $3,942,800 | $6,793,000 |
| 2023 | $68,364 | $7,343,100 | $2,996,200 | $4,346,900 |
| 2022 | $66,088 | $7,343,100 | $2,996,200 | $4,346,900 |
| 2021 | $65,060 | $7,343,100 | $2,996,200 | $4,346,900 |
| 2020 | $57,898 | $5,524,600 | $2,535,500 | $2,989,100 |
| 2019 | $56,517 | $5,524,600 | $2,535,500 | $2,989,100 |
| 2018 | $54,970 | $5,524,600 | $2,535,500 | $2,989,100 |
| 2017 | $59,838 | $5,666,500 | $2,485,600 | $3,180,900 |
| 2016 | $57,118 | $5,666,500 | $2,485,600 | $3,180,900 |
| 2015 | $40,541 | $4,078,600 | $2,485,600 | $1,593,000 |
| 2014 | $40,819 | $4,065,600 | $2,485,600 | $1,580,000 |
Source: Public Records
Agents Affiliated with this Home
-
Geb Masterson
-
Claudia Philbrick
Buyer's Agent in 2021
Claudia Philbrick
Mott & Chace Sotheby's Intl.
(401) 742-2667
3 in this area
15 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1272942
APN: NARR-000013-G000000-000003
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