Set on a spacious lot along a quiet street in one of Narragansett’s hidden gem neighborhoods, 40 Tern Road offers an incredible opportunity for the next owner to reimagine and renovate a property with tremendous potential. This well-built home features solid bones, generous living space, and a layout ready for a complete renovation and personal vision. Perfectly located close to Narragansett’s beaches, restaurants, shopping, and local attractions, the property still feels tucked away in its own private little paradise. Enjoy the rare combination of convenience and tranquility, where you can be minutes from everything while coming home to a peaceful hideaway setting surrounded by privacy and nature. The large lot provides outstanding space for entertaining, relaxing, or possible future expansion. Whether you are looking for your next renovation project, investment opportunity, future coastal getaway, or hoping to make Narragansett your primary home, this hidden gem is ready for its next chapter in one of Rhode Island’s premier beach communities. OFFER DEADLINE: 5/19 TUESDAY 5PM
For sale
$625,000
40 Tern Rd, Narragansett, RI 02882
3beds
2,136sqft
Est.:
Single Family Residence
Built in 1961
9,583.2 Square Feet Lot
$637,900 Zestimate®
$293/sqft
$-- HOA
What's special
Generous living spacePrivate little paradiseWell-built homeQuiet streetSpacious lot
- 9 days |
- 2,028 |
- 59 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Team KEY 401-329-9722,
KEY Real Estate Services
Source: StateWide MLS RI,MLS#: 1412102
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Features: Bath w Tub
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood
- Basement: Full,Interior Entry,Unfinished,Utility
- Attic: Attic Storage
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,212
- Total interior livable area: 2,136 sqft
- Finished area above ground: 1,212
- Finished area below ground: 924
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Property
Parking
- Total spaces: 10
- Parking features: Detached, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Adjusted Height Sink (No Cabinets Below), Accessible Approach with Ramp
Features
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 9,583.2 Square Feet
Details
- Additional structures: Barn(s), Outbuilding
- Parcel number: NARRMWB150
- Zoning: R-40
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Dry Wall, Shingles
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Septic Tank
- Utilities for property: Water Connected
Community & HOA
Community
- Features: Commuter Bus, Highway Access, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
HOA
- Has HOA: No
Location
- Region: Narragansett
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $449,000
- Annual tax amount: $3,049
- Date on market: 5/13/2026
Estimated market value
$637,900
$606,000 - $670,000
$2,807/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $625,000+174.7%$293/sqft |
Source:  StateWide MLS RI #1412102 Report a problem | ||
| 9/19/2012 | Sold | $227,500$107/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,049 +3.7% | $449,000 |
| 2024 | $2,941 -0.9% | $449,000 +36.1% |
| 2023 | $2,968 | $329,800 |
| 2022 | $2,968 +1.6% | $329,800 |
| 2021 | $2,922 -12.1% | $329,800 +3.9% |
| 2020 | $3,325 +2.4% | $317,300 |
| 2019 | $3,246 +2.8% | $317,300 |
| 2018 | $3,157 +14.1% | $317,300 +21.1% |
| 2017 | $2,768 +4.8% | $262,100 |
| 2016 | $2,642 +1.4% | $262,100 |
| 2015 | $2,605 +2.1% | $262,100 +3.1% |
| 2014 | $2,552 +2.4% | $254,200 |
| 2013 | $2,491 +2.4% | $254,200 |
| 2012 | $2,433 +0.9% | $254,200 -5.4% |
| 2011 | $2,411 +1.2% | $268,800 |
| 2010 | $2,382 +3.8% | $268,800 +0.5% |
| 2009 | $2,295 +2.5% | $267,500 -13.4% |
| 2008 | $2,240 +4.2% | $308,900 |
| 2007 | $2,150 | $308,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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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Climate risks
Neighborhood: Narragansett Pier
Nearby schools
GreatSchools rating
- 7/10Narragansett Pier SchoolGrades: 5-8Distance: 0.8 mi
- 10/10Narragansett High SchoolGrades: 9-12Distance: 0.9 mi
- 9/10Narragansett Elementary SchoolGrades: PK-4Distance: 1.1 mi
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