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215 Watch Hill Road Westerly

$3,395,000
6 6.1 6,276 sq ft

The Property

This one-of-a-kind home is less than a mile from Atlantic Ocean beaches, Watch Hill’s quaint seaside village, and the distinguished Ocean House. Own a part of history on the corner of Watch Hill Road and Foster Cove Road with year-round water views. The Powers family saved this structure from being demolished and had it moved from Massachusetts to Watch Hill in 1915, where it was reconstructed into the “Windover” mansion. Later known as the “Lion Gate Inn,” this property has 19th Century character with modern appeal.

This is an ideal spot for a family retreat, “corporate” get-away, or for an investor with a taste for history and the knack for making all things possible. The owner’s living quarters offers privacy that captures the essence of graceful simplicity that stands the test of time. Absorb enchanting sunsets from a screened-in porch, one of the two decks, or throughout the kitchen and living areas. Luxurious master suite and an on-suite bedroom also have custom built-in closets. There is potential here for separate guest quarters, returning property back to its original grandeur, or to continue use for rental income. These much sought after apartments are tucked into and around the perimeter of the building and offer four 1-bedroom, 1-bath studios that come with a strong rental history. Plenty of spaces in this home to relax, work, and live! Come and be captivated by this turn-key opportunity, summer or year-round, located just minutes from downtown Westerly.

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Listing Details

MLS Number

1276760

Lot Size:

1.45 acres

Features

  • Basement: Full
  • Balcony
  • Deck
  • Insulated Glass Windows
  • Masonry
  • Porch
  • Screened Pch/Patio/Dck/Brzwy
  • Shingles
  • Storm Door
  • Storm Window
  • Fireplace: Marble,Wood Frame
  • Heating: Baseboard, Hydro-Air, Zoned
  • Heating Fuel: Oil
  • Garage: Integral
  • Corner
  • Sprinklers
  • Waterview
  • Type: Other
  • Year Built: 1890
  • Water Amenities: Beach, Freshwater View, Walk To Water

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Market Trends for Single Family Homes
in Westerly

  • Overview
    Homes for Sale Today31-96% decrease in inventory
    New on Market *24-7.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$433.65$95 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$747,404$119,191 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.31%-0.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$449.26$152 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7837 decrease 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?

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

Listed by Mott & Chace Sotheby's Intl.

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