1,269 Sq. Ft.
$362 / Sq. Ft.
1,269
Sq. Ft.
$362
per Sq. Ft.

Description

Ready for a private coastal community lifestyle?! This charming Cape-style home, nestled on leased land in the highly coveted Gaspee Point on Narragansett Bay, offers a 1-bdrm converted from an original 2-bdrm, a finished attic w/storage, a full bath, and 1,292 sqft of radiant, open living space crafted for your ultimate comfort. With oversized skylights, every room is flooded with natural light, creating an inviting and uplifting atmosphere. Enjoy stunning seasonal views of the tranquil cove, adding...Ready for a private coastal community lifestyle?! This charming Cape-style home, nestled on leased land in the highly coveted Gaspee Point on Narragansett Bay, offers a 1-bdrm converted from an original 2-bdrm, a finished attic w/storage, a full bath, and 1,292 sqft of radiant, open living space crafted for your ultimate comfort. With oversized skylights, every room is flooded with natural light, creating an inviting and uplifting atmosphere. Enjoy stunning seasonal views of the tranquil cove, adding a layer of serenity to everyday life. The beautifully updated kitchen, with stainless steel appliances and chic finishes, seamlessly transitions into the expansive living area, making it a perfect setting for entertaining friends and family. Step outside to the spacious backyard, complete with a natural gas line for grilling ideal for summer barbecues and cozy evenings stargazing. Additional features include an oversized 1-car garage and a practical shed with a sewer & water line already in place, ready for connection, providing ample storage/workshop potential/future expansion. Situated in a serene neighborhood, this home is just a leisurely stroll from the picturesque Gaspee Point Beach and is conveniently located near restaurants and shopping in Pawtuxet Village, TF Green Airport for easy travel, and much more! This isn't just a house; it's an invitation to embrace the coastal lifestyle you've always envisioned! Don't miss your chance to make this enchanting place your own!
  1. Listed by Addy Sirypannho • Brokerage DRE #REB.0040134 • Siry Realty
    P: (401)-214-2505 aks@siryrealty.com

Property Details for 40 Lane 1

Subdivision Name
Gaspee Point
Architectural Style
Cape Cod
Waterfront Features
Beach Access, Water Access, Walk To Water
LISTING UPDATED: 01/28/2026 07:24 PM

Property Details for 40 Lane 1

StatusActive
MLS #1403175
Days on Market20
Taxes$5,526 / year
HOA Fees$481 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1935
Lot Size-
CountyKent County

Location

Listing Courtesy of Siry Realty
Add your commute

Building Information for 40 Lane 1

Stories1Year Built1935Building Size-Lot Size-

Payment Calculator

$3,183 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,241

Property Taxes

$461

HOA Dues

$481

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Lane 1

Summary
Location and General Information
  • City: Warwick
  • Community Features: Highway Access, Marina, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Warwick
  • Postal Code: 02888
  • Postal Code Plus4: 5606
  • State Or Province: RI
  • Zoning: RES
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 6
Taxes and HOA Information
  • Association Fee: $481.00
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: $5,526.00
  • Tax Assessed Value: 435100
  • Tax Block: 58
  • Tax Lot: 9540
  • Tax Map Number: 305
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 1269.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 1269.0
  • Living Area: 1,269.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Lot Size Units: Square Feet
  • Parcel Number: 40LANE1WARW
  • Stories: 1
  • Stories Total: 1
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1935
Utilities
  • Electric: Amps100
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Paved Driveway
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Door Features: Storm Doors
  • Fireplace Features: Insert, Gas
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Vinyl
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Attic, Permanent Attic Stairs, Storage, Skylights, Stall Shower
  • Levels: One
  • Patio And Porch Features: Deck
  • Rooms Total: 5
  • Window Features: Skylights
Rental
Rental Information
  • Land Lease Y N: Yes

Property History for 40 Lane 1

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Price Change

Rhode Island Association of REALTORS® #1403175

$459,900
Jan 13, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1403175

$499,900
Dec 19, 2018

Permanently Off Market

Rhode Island Association of REALTORS® #1207029

Oct 15, 2018

Listed (Active)

Rhode Island Association of REALTORS® #1207029

$129,000
May 14, 2004

Sold

Rhode Island Association of REALTORS® #432181

$154,900
Mar 16, 2004

Contract Signed

Rhode Island Association of REALTORS® #432181

Feb 11, 2004

Listed (Active)

Rhode Island Association of REALTORS® #432181

$154,900
Feb 1, 2004

Temporarily Off Market

Rhode Island Association of REALTORS® #318013

Nov 1, 2003

Listed (Active)

Rhode Island Association of REALTORS® #318013

$174,900
DateEvent & SourcePrice
01/28/2026

Price Change

Rhode Island Association of REALTORS® #1403175

$459,900
01/13/2026

Listed (Active)

Rhode Island Association of REALTORS® #1403175

$499,900
12/19/2018

Permanently Off Market

Rhode Island Association of REALTORS® #1207029

10/15/2018

Listed (Active)

Rhode Island Association of REALTORS® #1207029

$129,000
05/14/2004

Sold

Rhode Island Association of REALTORS® #432181

$154,900
03/16/2004

Contract Signed

Rhode Island Association of REALTORS® #432181

02/11/2004

Listed (Active)

Rhode Island Association of REALTORS® #432181

$154,900
02/01/2004

Temporarily Off Market

Rhode Island Association of REALTORS® #318013

11/01/2003

Listed (Active)

Rhode Island Association of REALTORS® #318013

$174,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Lane 1

Taxable ValueLand-Additions$435,100Total-
Tax Record2025$5,526 ($460 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,269 SqFtAbove Grade Finished SqFt1,269 SqFtUnfinished Basement SqFt704 SqFtStories1StyleMiscellaneous ResidentialYear Built1935CountyKENTAPNWARW M:305 B:0058 L:9540Fireplace TypeHas Fireplace

Schools near 40 Lane 1

This home is within Warwick School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Wyman School
PublicK to 5

Warwick Veterans Jr. High School
Public6 to 8

Pilgrim High School
Public9 to 12

Warwick Early Learning Center
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

40 Lane 1 is a single family home for sale in Warwick, RI 02888. This property was listed for sale on January 13, 2026 by Siry Realty, it's currently listed at $459,900. It has been on the market for a total of 20 days and was last sold on May 14, 2004. This listing's school district is Warwick School District. Nearby schools include Wyman School, Warwick Veterans Jr. High School and Pilgrim High School. 40 Lane 1 is a 1-bed, 1-bath, 1,269 sqft single family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Siry Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.