$360,000
About this home
OWN YOUR MIQUAMICUT 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 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. 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.
Property details
- MLS #
- 1421862
- Property type
- Condominium
- Subdivision
- Misquamicut
- Status
- Active
- Days on market
- 10
- On market date
- August 28, 2026
- Stories
- 2
- Total bathrooms
- 1
- Garage spaces
- N/A
- Parking spaces
- 2
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 275
- Student:teacher ratio
- 12.5:1
- District
- Westerly
- Enrollment
- 740
- Student:teacher ratio
- 11.2:1
- District
- Westerly
- Enrollment
- 726
- Student:teacher ratio
- 9.9:1
- District
- Westerly
Walkability
Blended score for Westerly's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Westerly, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 17 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.