Description
Investment, vacation home, or primary residence...this is the spot you have been waiting for! Welcome to your dream beach cottage, with deeded beach rights, perfectly nestled in the sought-after Pettaquamscutt Lake Shores community of Narragansett. Completely rebuilt from the foundation up in 2019, there isn't much to do here but enjoy, live, or collect profits. High end interior finishes such as granite countertops, hardwood floors, and vaulted ceilings. Currently operating as a successful Airbnb generating over $40,000 annually with an average nightly rate of $335 during peak season. This cottage offers significant income potential, especially with the opportunity to finish the basement (288 sq. ft.), and increase rental income to an estimated $505/night peak season. Exclusive private beach rights provide that "destination" experience for Shores community residents. A few steps down the street you can canoe, swim, or kayak from the private beach. Located just minutes to Narragansett Town Beach, and 20 minutes to Newport, Block Island Ferry, or Point Judith. Narragansett is one of the most sought-after vacation destinations, the perfect location, and the perfect home to fit any buyer! Cross posted MLS 1364752. Active Airbnb.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Investment, vacation home, or primary residence...this is the spot you have been waiting for! Welcome to your dream beach cottage, with deeded beach rights, perfectly nestled in the sought-after Pettaquamscutt Lake Shores community of Narragansett. Completely rebuilt from the foundation up in 2019, there isn't much to do here but enjoy, live, or collect profits. High end interior finishes such as granite countertops, hardwood floors, and vaulted ceilings. Currently operating as a successful Airbnb generating over $40,000 annually with an average nightly rate of $335 during peak season. This cottage offers significant income potential, especially with the opportunity to finish the basement (288 sq. ft.), and increase rental income to an estimated $505/night peak season. Exclusive private beach rights provide that "destination" experience for Shores community residents. A few steps down the street you can canoe, swim, or kayak from the private beach. Located just minutes to Narragansett Town Beach, and 20 minutes to Newport, Block Island Ferry, or Point Judith. Narragansett is one of the most sought-after vacation destinations, the perfect location, and the perfect home to fit any buyer! Cross posted MLS 1364752. Active Airbnb.
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