BIG REDUCTION! Wow all rebuilt and cute as a button! What a LOCATION!! Welcome to Gaspee Point -a quaint private community with private beach access for swimming, sunbathing or long walks, stunning sunrises or exploration of Narragansett Bay. This cozy completely renovated 2 bed, 1.5 bath cottage is just steps to RI's shoreline. This comfortable snug home has been rebuilt from the ground up including new roof, luxury vinyl flooring, new windows/exterior doors, 1.5 trendy baths, cheery kitchen with stainless appliances, new heating and central air, new electrical, plus more! Absolutely nothing to do but move in and enjoy this oasis along Narraganset Bay. A wonderful opportunity for those looking to downsize. Centrally located just 15 minutes to Providence and five minutes to T.F. Green Airport. Close to Pawtuxet Village shops and restaurants. Don't miss this opportunity to own in one of RI's lovely beach communities. Perfect year-round living or as a summer get-away. Property is located on leased land. Pets are welcome. The lease fee is $566 per month which includes a 91.00 sewer assessment. Buyers must be approved for residency from association.
Sold for $265,000 on 08/15/25
$265,000
50 Lane 1, Warwick, RI 02888
2beds
680sqft
Single Family Residence
Built in 1935
-- sqft lot
$267,000 Zestimate®
$390/sqft
$2,086 Estimated rent
Home value
$267,000
$240,000 - $296,000
$2,086/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 16, 2025 at 08:22pm
Listed by:
Sheridan Group 401-413-6794,
Abbott Properties, LLC
Bought with:
Eric Ouhrabka, REB.0049069
HomeSmart Professionals
Source: StateWide MLS RI,MLS#: 1386500
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Shower Stall
Heating
- Electric, Central Air, Heat Pump
Cooling
- Ductless
Appliances
- Included: Electric Water Heater, Dishwasher, Microwave, Oven/Range
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Flooring: Vinyl
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Partial,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 680
- Total interior livable area: 680 sqft
- Finished area above ground: 680
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: No Garage
Features
- Fencing: Fenced
- Waterfront features: Access, Beach, Walk to Salt Water, Walk To Water
Details
- Additional structures: Outbuilding
- On leased land: Yes
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Dry Wall, Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Assessment to Buyer, In Fee
- Utilities for property: Water Connected
Community & neighborhood
Location
- Region: Warwick
- Subdivision: Gaspee Point
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $265,000$390/sqft |
Source:  StateWide MLS RI #1386500 | ||
| 6/30/2025 | Pending sale | $265,000$390/sqft |
Source: StateWide MLS RI #1386500 | ||
| 6/24/2025 | Price change | $265,000-1.8%$390/sqft |
Source: StateWide MLS RI #1386500 | ||
| 6/2/2025 | Listed for sale | $269,900$397/sqft |
Source: StateWide MLS RI #1386500 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 02888
Nearby schools
GreatSchools rating
- 7/10Holliman SchoolGrades: K-5Distance: 1.5 mi
- 4/10Warwick Veterans Jr. High SchoolGrades: 6-8Distance: 3 mi
- 7/10Pilgrim High SchoolGrades: 9-12Distance: 1.5 mi
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Get a free Zillow Showcase℠ listing and you could sell for .
$267,000
2% more+ $5,340
With Zillow Showcase(estimated)
$272,340