Condominium at 38 Bay Street UNIT W401, Westerly
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$2,300,000

38 Bay Street UNIT W401
Westerly, RI 02891
Listed by Lori Joyal
Bedrooms
2
Bathrooms
2
Living area
1,000 sqft
Year built
2006

About this home

Discover the coastal lifestyle in this beautiful two-bedroom, two-bath residence at the Watch Hill Inn, ideally located in the heart of the charming Resort Village of Watch Hill. Offering 1,000 sq ft of thoughtfully designed living space, this beautifully appointed condo features fabulous views of Watch Hill Harbor and a private patio-perfect for morning coffee, afternoon cocktails, or simply taking in the ever-changing beauty of the Watch Hill Harbor. Inside showcases a coastal aesthetic with bamboo & Italian marble flooring, granite countertops, custom wood cabinetry & a beautiful open-concept living and kitchen area. Large windows bring the spectacular harbor views into the living space, creating a warm and inviting retreat that is equally suited to relaxing and entertaining. Owners have the opportunity to participate in the Ocean House Rental Program and, while in residence, enjoy access to amenities at the Ocean House Resort Hotel and Weekapaug Inn, including the Ocean House’s private Atlantic Ocean beach, dining, Spa, fitness center, croquet, shuttle service, and daily housekeeping. Step outside and enjoy all that Watch Hill has to offer, from its picturesque harbor and boutique shops to the historic Flying Horse Carousel, Olympia Tea Room, Sift Bakery, St. Clair Annex, and more. A timeless coastal destination and a rare opportunity to own a coastal retreat in one of New England’s most sought-after seaside villages

Property details

MLS #
1425034
Property type
Condominium
Subdivision
Watch Hill
Status
Active
Days on market
N/A
On market date
October 2, 2026
Stories
5
Total bathrooms
2
Garage spaces
N/A
Parking spaces
2
Lot size
0.4447 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
State Street School
4.12 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
246
Student:teacher ratio
10.7:1
District
Westerly
Middle
Westerly Middle School
4.48 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
740
Student:teacher ratio
11.2:1
District
Westerly
High
Westerly High School
4.88 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
726
Student:teacher ratio
9.9:1
District
Westerly

Walkability

Blended score for Westerly's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

35
Car-dependent
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
35 / 100
Restaurants & cafes8
Grocery stores0
Parks4
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Westerly, from live MLS data.

On the market 0 days -- 45 fewer days than Westerly's current average of 45 days.
For reference, the median list price across 230 active listings in Westerly right now is $587,500.

Mortgage calculator

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Est. monthly payment
$14,001/mo
$460,000 down
$1,840,000 loan
Principal & interest$11,934
Property tax (est.)$1,917
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 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.