20 Winnapaug Road Unit B7,Westerly, RI 02891
Westerly, RI 02891
Description
OWN YOUR MISQUAMICUT BEACH GETAWAY - WITH INCOME POTENTIAL. Imagine having your own place in Misquamicut 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 condo-tel 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. 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 Misquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.
Details
| MLS # | 1421491 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Beach Ball |
| HOA Dues | $325 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 34 |
| Listing Provided By | Stanton Realty, Inc. | Jackson Barber |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 471 |
| Story(s) | 2 |
| Golf Course | Yes |
| Water Front | Yes |
| Property View | Water, Saltwater View |
Interior
| Rooms Total | 2 |
|---|---|
| Heating | Electric, Baseboard |
| Heating Yes / No | Yes |
| Cooling | Window Unit(s) |
| Cooling Yes / No | Yes |
| Appliances | Electric Water Heater |
| Interior Features | Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown) |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Fireplace Features | None |
| Laundry Features | Off Site |
Exterior
| Foundation Details | Slab |
|---|---|
| Lot Features | Paved |
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
| Construction Materials | Dry Wall, Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | No Garage, Assigned |
Utilities
| Sewer | In Fee, Septic Tank |
|---|---|
| Electric | Common Meter |
Location
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
|---|
Taxes
| Tax Annual Amount | 954.1 |
|---|---|
| Tax Assessed Value | 131600 |
| Tax Block | 222 |
| Tax Lot | 7 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Washington |
| City | Westerly |
| Zip Code | 02891 |
| Area | Washington |
| Community Name | Misquamicut |
| Listing VS Median (in Misquamicut) | |
Price: $350,000 low | high Med: $360,000 sqft: 471 low | high Med: 510 $ / sqft: $743 low | high Med: $706 On site: 34 low | high Med: 34 | |
Market Activity 02891
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Learn More About This Property
| State | RI |
|---|---|
| County | Washington |
| City | Westerly |
| Zip Code | 02891 |
| Area | Washington |
| Community Name | Misquamicut |
| Listing VS Median (in Misquamicut) | |
Price: $350,000 low | high Med: $360,000 sqft: 471 low | high Med: 510 $ / sqft: $743 low | high Med: $706 On site: 34 low | high Med: 34 | |
