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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$306,000

Est. payment - /mo

1 Bed

1 Bath

362 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 362 sqft

Price per Sqft $845

Subdivision Misquamicut

MLS Listing ID 1421669

Bedrooms 1

Full Baths 1

HOA Fees $310/mo

HOA Y/N No

Abv Grd Liv Area 362

Year Built 1940

Annual Tax Amount $884

Tax Year 2025

Property Sub-Type Condominium

Property Description

OWN YOUR MIQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Miquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Buyers can choose the unit that best fits their goals or explore the opportunity to acquire multiple units. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.

Location

State RI

County Washington

Community Misquamicut

Rooms

Basement None, Unfinished

Interior

Interior Features Stall Shower

Heating Baseboard, Electric

Cooling Window Unit(s)

Flooring Ceramic Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Water Heater

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Waterfront Description Beach Access,Water Access,Walk to Water

View Y/N Yes

View Saltwater, Water

Total Parking Spaces 8

Garage No

Building

Story 2

Foundation Slab

Sewer Septic Tank

Water Public

Level or Stories 2

Structure Type Drywall,Vinyl Siding

New Construction No

Others

Pets Allowed Yes

HOA Fee Include Electricity,Heat,HVAC,Hot Water,Insurance,Internet,Maintenance Grounds,Parking,Snow Removal,Security,Water

Senior Community No

Tax ID 20WINNAPAUGRDB3WEST

Pets Allowed Yes

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Listed by Stanton Realty, Inc.

NEARBY SCHOOL & BUSINESS

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Kathleen Sposato

+1(508) 523-8632

Broker License ID: 9084437

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20 Winnapaug RD #B3 Westerly, RI 02891

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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20 Winnapaug RD #B3