Rare opportunity in the heart of the highly coveted Bonnet Shores beach community! This lovely 1,551 SF, 3-bedroom, 1.5-bathroom cozy home sits on an oversized footprint across two formerly merged lots. The property is being sold in "as-is" condition. It is a solid and bright home with gas heat, municipal water and sewer. With some deferred maintenance and updating this well loved home can be transformed to into your coastal dream home. The value here is in the incredible versatility. Options abound: renovate the existing structure to create a custom fixer-upper, tear down and build your dream coastal estate, or explore the potential of unmerging the lots to build two separate homes. Adding to the appeal, a 6,000 SF vacant lot immediately to the left is also available for purchase (see MLS #1412618). Acquired together, which is the seller's strong preference this creates a massive triple-lot potential—a developer’s dream for a 3-home subdivision or a buyer’s chance for an unparalleled private estate. Enjoy all the perks of the Bonnet lifestyle, including deeded beach rights and proximity to private community beaches and Kelly’s Beach. Whether you are an investor looking for your next project or a homebuyer looking to anchor yourself in Narragansett, this property offers limitless potential. Don't miss this outstanding opportunity to secure a significant footprint in one of Rhode Island’s premier beach neighborhoods.
Waterfront features: Access, Beach, Walk to Salt Water, Walk To Water
Lot
Size: 0.28 Acres
Details
Parcel number: NARRMNRB319
Zoning: R10
Construction
Type & style
Home type: SingleFamily
Architectural style: Contemporary
Property subtype: Single Family Residence
Materials
Shingles, Wood
Foundation: Concrete Perimeter
Condition
New construction: No
Year built: 1968
Utilities & green energy
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Municipal
Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Subdivision: Bonnet Shores
HOA
Has HOA: No
Location
Region: Narragansett
Financial & listing details
Price per square foot: $516/sqft
Tax assessed value: $771,500
Annual tax amount: $5,238
Date on market: 5/20/2026
Inclusions: Adjoining 6000 SF Lot N-R 318 to be sold with this property. See MLS listing #1412618 for companion listing. Closing on the house cannot occur until mid-late August. There are no time restrictions on the closing of the lot. Seller prefers to close on lot first.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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