Waterfront Homes for Sale in Warwick RI
To begin our dream home discovery, this week we dig into finding waterfront homes for sale in Warwick, RI. So, to illustrate, the coastal neighborhoods in our search are Warwick Neck; Conimicut, Gaspee Point and Oakland.
One of the first listings we found when googling “waterfront property” was in Warwick Neck. The property is on 455 Narragansett Bay Ave, Warwick, RI 02889. Unfortunately it is currently off the market. As were many, comparatively speaking, regarding strictly “waterfront” homes for sale in Warwick. That isn’t to say that you won’t find more when googling this key word. But, water view, as an exact definition, has a lot more available. To learn more about Warwick Neck, read this article from the Providence Journal.
Before we go any further, it is important to consider what waterfront property really means. For instance, we found a listing of a property in Conimicut that met the criteria of coastal property but wasn’t exactly abutting the water. But, we will get into that in further detail later on in the article.
68 Grace Avenue, Warwick, RI Coastal Property For Sale
At the time of this writing, 68 Grace Avenue is Active on MLS. It also is under 300k, meeting our previous blog criteria on homes for sale search. Furthermore, this 4 bed Bungalow in the heart of historic Conimicut Village sits just a short stroll to Narragansett Bay.
Another home for sale in Conimicut showed a beautiful boardwalk to the ocean. Just down the street from this home.
14 Fuller Street , Warwick, RI 02889 for Sale
This home is referred to as the perfect beach bungalow. Above all, just a stones throw away from the Narragansett Bay! Once again, under 300k, priced at $184,900.
Waterfront Property and Flood Risks
Consequently, while searching waterfront properties many questions may arise. Some of which include flood zones and flood insurance as well. That leads us to Realtors Land Institute.
“Always consider [the property’s] flood risk and plan accordingly,” recommends Asbury. Properties by water have a much higher chance of being impacted by flooding or other natural disasters. Land in high-risk flood areas can stand to take a serious toll on their long-term value if disaster strikes. Because waterfront property is at such a high-risk for water-related damages, the insurance for these properties can be so high, the cost alone often drives buyers away.”
Here are a few more things to consider when looking at waterfront property for sale
- Do I have access to the water?
- Are there speed or height restrictions for boats?
- Can I build out onto the water?
- Are there permits required for fishing on the water or using it for recreational purposes?
- What are the insurance requirements?
- Are water vehicles (such as jet skis) allowed on the water?
Gaspee Point Water-view Homes for Sale
Furthermore, there are water privilege properties versus waterfront properties. “Typically when referring to water privileges you are referring to community amenities that allow access to the water either through an easement or community-owned property. … This could cover community boat ramps, beaches, and piers.”
For instance, there is a home currently for sale in the neighborhood of Gaspee Point. It is 33 Gaspee Point Drive, Warwick, RI 02888. This listing is priced at $419,900. As a matter of fact, this listing boasts a fully remodeled home that also offers amazing water views of Narragansett Bay!
Oakland Coastal Properties for Sale in Warwick
In like manner, we found two coastal properties in Oakland. They are both active and as follows:
- 638 Oakland Beach Avenue , Warwick, RI 02889 $289,900 WALK TO OAKLAND BEACH AND RESTAURANTS, RAISED RANCH BUILT IN 1992
- 766 Oakland Beach Avenue , Warwick, RI 02889 Bungalow. Moreover, this listing points out the front porch is fully screened and a great place to sit out at night and ‘enjoy the sea breeze‘. Priced at $249,900.
So, we hope you enjoyed the view and if you’d like to see more of what is available in Warwick RI just register below and start your search.