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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,083 sqft
Price per Sqft $1,385
Subdivision Waterfront Prospect Farm
MLS Listing ID 1309066
Sold Date 05/20/22
Bedrooms 3
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,083
Year Built 1930
Annual Tax Amount $10,784
Tax Year 2021
Lot Size 1.263 Acres
Acres 1.2629
Property Description
The possibilities are endless for this truly unique and spacious 3 cottage waterfront compound in beautiful Prospect Farm. Accessed via a private right-of-way that conveys with the property, this 1.26 acre lot with 220+ ft of frontage on the Sakonnett River offers a sanctuary retreat. Enter through the granite pillars and immediately notice the expansive views, large and largely pastoral lot and total privacy afforded by the mature plantings on all 3 sides of the property. What a fantastic spot to spend summer vacations, or expand one of the cottages for year round living. In the past 10 years all 3 cottages have been renovated with roofing, siding, windows and interior finishes. 2 of the 3 are currently occupied and used year round. In addition, a gorgeous and impressive 90+ ft long dock with boat lift and design for a second boat lift has been installed. If needed, up to 3 moorings can also be applied for. A recently installed 4 bed Advantex septic system services the 3 buildings, allowing for the addition of 1 more bedroom. Breathtaking views coupled with a large lot and newer major improvements make this a stellar opportunity. You simply won't find anything else like it.
Location
State RI
County Newport
Community Waterfront Prospect Farm
Zoning Res
Rooms
Basement None
Interior
Interior Features Cathedral Ceiling(s), Tub Shower, Cable TV, Wood Burning Stove
Heating Forced Air, Propane
Cooling None
Flooring Laminate, Vinyl
Fireplaces Number 1
Fireplaces Type Stone
Fireplace Yes
Window Features Thermal Windows
Appliance Dryer, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Laundry In Unit
Exterior
Exterior Feature Deck
Community Features Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
Waterfront Description Beach Access,Beach Front,Dock Access,Water Access,Walk to Water,Waterfront
View Y/N Yes
View Saltwater, Water
Porch Deck
Total Parking Spaces 10
Garage No
Building
Lot Description Private, Secluded, Waterfront
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Connected, Multiple Meters
Structure Type Drywall,Shingle Siding,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 312318PROSPECTLANEPORT
Financing Cash
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Bought with Hogan Associates Christie's