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Key Details
Sold Price $497,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $575
MLS Listing ID 1364752
Sold Date 11/27/24
Style Cabin,Ranch
Bedrooms 1
Full Baths 1
HOA Fees $7/ann
HOA Y/N No
Abv Grd Liv Area 576
Year Built 1956
Annual Tax Amount $3,534
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Description
AIRBNB GUESTS HAVE CHECKED OUT & NOW AVAILABLE FOR SHOWINGS!! Investment, vacation home, or primary residence...this is the spot you have been waiting for! Welcome to your dream beach cottage, with deeded beach rights, perfectly nestled in the sought-after Pettaquamscutt Lake Shores community of Narragansett. Completely rebuilt from the foundation up in 2019, there isn't much to do here but enjoy, live, or collect profits. High end interior finishes such as granite countertops, hardwood floors, and vaulted ceilings. Currently operating as a successful Airbnb generating over $40,000 annually with an average nightly rate of $335 during peak season. This cottage offers significant income potential, especially with the opportunity to finish the basement (288 sq. ft.), and increase rental income to an estimated $505/night peak season. Exclusive private beach rights provide that "destination" experience for Shores community residents. A few steps down the street you can canoe, swim, or kayak from the private beach. Located just minutes to Narragansett Town Beach, and 20 minutes to Newport, Block Island Ferry, or Point Judith. Narragansett is one of the most sought-after vacation destinations, the perfect location, and the perfect home to fit any buyer! Active Airbnb -cross posted ML1365977
Location
State RI
County Washington
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Interior Features Cathedral Ceiling(s), Tub Shower
Heating Baseboard, Electric, Other
Cooling Ductless
Flooring Hardwood
Fireplaces Type None
Fireplace No
Appliance Electric Water Heater
Exterior
Exterior Feature Porch, Paved Driveway
Parking Features Attached
Garage Spaces 1.0
Community Features Highway Access, Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Waterfront Description Beach Access,River Access,Water Access,Walk to Water
Porch Porch
Total Parking Spaces 5
Garage Yes
Building
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cabin, Ranch
Level or Stories One
Structure Type Drywall,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 133WINTERBERRYRDNARR
Financing Conventional
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