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40 Pier Market Place Narragansett

$1,200,000
3 2.5 1,680 sq ft

The Property

Rare Oceanfront Opportunity – A Gem That Won’t Last! Welcome to one of the most coveted locations in Narragansett, where oceanfront living meets coastal luxury. This 1,680 sq/ft, 3 bed, 2.5 bath corner condo offers unparalleled panoramic views of the Atlantic, Narragansett Town Beach, & the iconic Towers. From 2 expansive decks, you’ll experience breathtaking sunrises and sunsets – views that are simply priceless. Imagine starting your day with a stroll along the renowned mile-long beach, recognized as New England’s top beach by Boston Globe.

It’s the perfect way to elevate your mood and embrace coastal living. Location is everything, & this property is a true once-in-a-lifetime opportunity. In addition to direct beach access, you’ll enjoy walking to the area’s best restaurants, charming boutiques, and weekly town events. All this, just steps from the historic Towers, one of RI’s most treasured landmarks. As if the location alone weren’t enough, this condo comes with an additional bonus: a retail store with a successful long-term tenant, ensuring a steady stream of income. Whether you plan to live here full-time or use it as a seasonal retreat, the flexible rental policy, which includes a 30-day minimum rental period, makes it easy to generate income while you’re away, offering incredible potential for both short and long-term rentals. This is an opportunity that simply won’t last. Don’t miss your chance to own a slice of paradise. Call today to schedule your private showing!

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Listing Details

MLS Number

1371085

Features

  • Basement: Partial, Interior Only, Unfinished
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Electric, Heat Pump, Individual Control
  • Heating Fuel: Electric, Heat Pump, Individual Control
  • Garage: 1
  • Laundry
  • Paved
  • Underground Utilities
  • Year Built: 1984
  • Water Amenities: Beach, Ocean Front, Saltwater View, Walk to Salt Water

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Market Trends for Condos
in Narragansett

  • Overview
    Homes for Sale Today8-95.2% decrease in inventory
    New on Market *650% increase in new listings
    Avg. Asking Price/Sq.Ft. *$1,241.22$1,657 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$597,225$597,775 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.94%-0.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$2,787.92$796 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *4510 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Keller Williams Leading Edge

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