Rhode Island Waterfront Real Estate offers one of the Best Values and demonstrates Long Term investment merit, even compared to Non-Real Estate Investments. Consider that over the 8 year period 2000-2008, the average sales price and average price per square foot of RI waterfront homes have doubled (that's a 10% compounded annual return). Now during the current economic downturn, RI waterfront real estate offers spectacular opportunities not seen in nearly a decade(see detailed spreadsheet below).
Bellevue Realtors has been selling waterfront properties throughout the State for more than 35 years and the Broker/Owner,
has lived, worked and played in most RI Coastal Communities. WHEN WE ARRANGE SHOWINGS, WE WILL BE YOUR BUYER'S AGENT, AND REPRESENT YOUR INTERESTS TO GET YOU THE BEST DEAL POSSIBLE (We have more than 35 Years Experience). OUR FEE WILL BE PAID BY FROM THE SELLER'S PROCEEDS NOT FROM THE BUYER'S!! (Click here to learn more)
We will be happy to give you a personal tour of the Waterfront Communities available here pointing out the subtleties, nuances and advantages to you of each community. (See profiles on RI Towns and Villages at very bottom of the page)
Click the links below or the towns on the map at right to search Waterfront listings in specific areas, which may take a few seconds to perform the search. You'll be surprised that you don't need to spend Millions to live and invest on the Rhode Island waterfront, UNLESS you want to, of course!
Southern Rhode Island Salt Water Waterfront Real Estate Sales (1) Single Family
Year
Average
Selling Price
Average
Living
Area (sq. ft.)
Sales Price/
per sq. ft. (2)
Number of Sales
Days on
the Market
2009(3)
935,620
1,902
455
69
161
2008
1.646 M
2,474
665
80
80
2007
1.634 M
2,454
665
89
149
2006
1.775 M
2,882
615
78
158
2005
1.371 M
1,947
704
91
116
2004
1.370 M
2,401
634
104
130
2003
1.114 M
2,289
486
89
123
2002
928,062
2,252
412
83
129
2001
648,132
1,743
371
82
81
2000
748,570
2,198
340
111
69
(1) "Saltwater-Front" Sales in the Towns of Westerly, Charlestown, S. Kingstown, Narragansett, N. Kingstown, Jamestown, Newport, Middletown & Portsmouth
(2) Selling Price of Closed Single Family Sales Per Square Foot of Total Living Area
(3) Sales Data Through 12/31/09 See profiles on RI Towns and Villages