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Key Details
Sold Price $497,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 576 sqft
Price per Sqft $862
MLS Listing ID 24036977
Sold Date 11/27/24
Style Ranch,Cottage
Bedrooms 1
Full Baths 1
HOA Fees $7/ann
Year Built 1956
Annual Tax Amount $3,534
Lot Size 6,098 Sqft
Property Description
Airbnb guests have checked out, now available to show. 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. 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!
Location
State RI
County Washington
Zoning R-10
Rooms
Basement Partial
Interior
Heating Baseboard, Other
Cooling Ductless
Exterior
Parking Features Attached Garage, Paved, Off Street Parking, Driveway
Garage Spaces 1.0
Waterfront Description Walk to Water,Beach Rights,Association Optional
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Block
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Non Member • Non-Member