OWN A HOME IN NEWPORT FOR UNDER $700,000Land lease buyout as of 4/1/17 is $311,017. Annual lease payment as of 4/1/17 is $2496.81. Lease term expires 5/31/2039.Two bedroom two bath H plan. Some upgrades. Great bay and sunset views. Nice patio fronts beautiful green belt and community pool.Close to world class shopping, award winning schools, beaches, golf, hiking/biking trails and tennis/swim club.Keep the ground lease and you are living in Newport for under $700,000.Ground lease can be seen by clicking on supplement tab.
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