Set on over 1.1 private acres in Old Saunderstown, 125 Waterway is designed for year-round living, working, entertaining and recreation, just a short walk from Narragansett Bay and Saunderstown Yacht Club. Extensively renovated, the property brings together an unusual range of indoor and outdoor spaces in one setting. Inside are custom millwork, designer lighting, a chef’s kitchen, library, hidden bar, billiards room and creative studio, along with private office/studio space and a dedicated heated fitness and recreation area. High-speed fiber Wi-Fi extends throughout the house and across the property. Outside, deep covered porches and bluestone terraces provide separate places to dine, gather and relax. The grounds include an outdoor kitchen, pergola, hot tub, gas and wood-burning fire features, lighted pickleball and basketball court, putting green, climbing and ropes area, hammock grove and expansive Great Lawn, all surrounded by mature gardens. The outdoor spaces are designed to be used across the seasons. Walk to neighborhood water access, Saunderstown Yacht Club and Willett Free Library, with Casey Farm nearby. Newport, Narragansett beaches, the Dunes Club and Point Judith Country Club are within easy reach, as are Amtrak and T.F. Green Airport. Private, connected and unusually well equipped for the way people actually live.
Active
$4,495,000
125 Waterway Rd, Saunderstown, RI 02874
4beds
5,392sqft
Single Family Residence
Built in 2003
1.14 Acres Lot
$-- Zestimate®
$834/sqft
$-- HOA
What's special
Putting greenHammock groveDeep covered porchesBluestone terracesClimbing and ropes areaSurrounded by mature gardensHot tub
- 41 days
- 987
- 88
Zillow last checked:
Listing updated:
Listed by:
Dina Karousos/Nicole Lucenti Team 401-451-6461,
SERHANT.,
Sheil Readyhough Team 401-243-7041,
SERHANT.
Source: StateWide MLS RI,MLS#: 1423199
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Oil, Baseboard
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range Hood, Microwave, Refrigerator, Washer
Features
- Wall (Plaster), Cathedral Ceiling(s), Dry Bar, Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC)
- Flooring: Hardwood
- Windows: Insulated Windows
- Basement: Full,Bulkhead,Partially Finished,Bath/Stubbed,Family Room,Media Room,Office,Utility,Workout Room
- Attic: Attic Stairs
- Number of fireplaces: 1
- Fireplace features: Stone
Interior area
- Total structure area: 4,288
- Total interior livable area: 5,392 sqft
- Finished area above ground: 4,288
- Finished area below ground: 1,104
Property
Parking
- Total spaces: 10
- Parking features: Detached, Garage Door Opener, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Patio, Porch, Screened
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 1.14 Acres
- Features: Sprinklers, Tennis
Details
- Additional structures: Outbuilding
- Parcel number: NKINM001B126
- Zoning: NR
- Other equipment: Cable TV
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Plaster, Shingles, Wood
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Septic Tank
- Water: Municipal, Public
- Utilities for property: Water Connected, Underground Utilities
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
- Security: Security System Owned
- Subdivision: Old Saunderstown - Yacht Clb
HOA
- Has HOA: No
Location
- Region: Saunderstown
Financial & listing details
- Price per square foot: $834/sqft
- Tax assessed value: $2,214,200
- Annual tax amount: $23,223
- Date on market: 9/15/2026
- Inclusions: The above ground living space includes Studio / Heated Gym/ Garage.
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $4,495,000+226.9%$834/sqft |
Source: | ||
| 5/2/2012 | Listing removed | $1,375,000$255/sqft |
Source: Randall, Realtors Report a problem | ||
| 4/18/2012 | Listed for sale | $1,375,000$255/sqft |
Source: Randall, Realtors Report a problem | ||
| 3/17/2012 | Listing removed | $1,375,000$255/sqft |
Source: Randall, Realtors Report a problem | ||
| 3/1/2012 | Price change | $1,375,000+10%$255/sqft |
Source: Randall, Realtors Report a problem | ||
| 2/29/2012 | Listed for sale | $1,250,000-9.1%$232/sqft |
Source: Randall, Realtors Report a problem | ||
| 9/4/2011 | Listing removed | $1,375,000$255/sqft |
Source: Sue Moore #219871382 Report a problem | ||
| 5/24/2011 | Listed for sale | $1,375,000+219%$255/sqft |
Source: Visual Tour #88888888 Report a problem | ||
| 7/2/2001 | Sold | $431,000$80/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,445 +7.1% | $2,214,200 +39.1% |
| 2024 | $22,825 | $1,591,700 |
| 2023 | $22,825 +2% | $1,591,700 |
| 2022 | $22,379 +13.7% | $1,591,700 +41.5% |
| 2021 | $19,682 +2.4% | $1,124,700 |
| 2020 | $19,221 | $1,124,700 |
| 2019 | $19,221 +3.4% | $1,124,700 +15.5% |
| 2018 | $18,594 +2.7% | $974,000 |
| 2017 | $18,107 +2.9% | $974,000 |
| 2016 | $17,590 -3.8% | $974,000 +2.8% |
| 2015 | $18,293 +2.1% | $947,800 |
| 2014 | $17,923 +0.6% | $947,800 |
| 2013 | $17,819 +1.7% | $947,800 -5.3% |
| 2012 | $17,526 +3.6% | $1,000,900 +2.1% |
| 2011 | $16,917 +2.4% | $980,100 |
| 2010 | $16,515 -3.8% | $980,100 -20.2% |
| 2009 | $17,166 +1% | $1,228,800 |
| 2008 | $16,994 +4% | $1,228,800 |
| 2007 | $16,343 +8.5% | $1,228,800 +21.1% |
| 2005 | $15,064 +3.3% | $1,014,400 |
| 2004 | $14,587 +70% | $1,014,400 +175.5% |
| 2003 | $8,583 | $368,200 |
Find assessor info on the county website
Monthly payment
Est. payment






