Sold
Last Sold Price
2 beds6,614 sqft$270/sqft
48 Bay St, Westerly, RI 02891
Single FamilyProperty Type
3,172 sq ftLot Size
1950Year Built
$270/sq ftPrice per sq ft
14 carsParking Spaces

Description

--This rare opportunity to own a prime piece of real estate located in the Village of Watch Hill. Breathtaking water views and legendary sunsets await you. --So many options available for the buyer. --The first floor offers 2 storefronts, rent each separately, or as one single unit. --The second floor is a 2 bedroom 2 full bath, 1600 sq ft apartment with den, that could easily be made into a 3rd bedroom. Open the 3 large sliding glass doors to an expansive deck where you can take in gorgeous waterfront...--This rare opportunity to own a prime piece of real estate located in the Village of Watch Hill. Breathtaking water views and legendary sunsets await you. --So many options available for the buyer. --The first floor offers 2 storefronts, rent each separately, or as one single unit. --The second floor is a 2 bedroom 2 full bath, 1600 sq ft apartment with den, that could easily be made into a 3rd bedroom. Open the 3 large sliding glass doors to an expansive deck where you can take in gorgeous waterfront views. On those extra sunny days, open the electric awning, sit back and enjoy the cool ocean and bay breezes. Entertain graciously on your huge rear deck! --Live above your workspace/gallery/shop opportunity... or great for an investor. --Private beach rights. --7 highly sought after parking spaces --Walk to beaches, restaurants, shopping, and Yacht Club
  • Listed by: Robert Sweet 401.785.9000 rs@robertsweet.com Brokerage DRE #REB.0011446 • R.A. Sweet Real Estate
Listing closed: 11/16/2020 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1260543

Recent comparable sales

Median sold price

$1,591,000

Avg days on market

43

Sale-to-list ratio

98.8%

Westerly, RI

9 comparable properties found

$1,500,000 | 3 Shepherds Run, Westerly, RI 02891
1/2
1

$1,500,000

Sold 07/31/25

2
Bedrooms
1,799
Square Feet
0.41
Acres
$1,750,000 | 44 Bay Street, Unit B106/B206, Westerly, RI 02891
1/17
2

$1,750,000

Sold 09/26/24

2
Bedrooms
1,050
Square Feet
Unavailable
Acres
$1,650,000 | 38 Bay Street, Unit W402, Westerly, RI 02891
1/11
3

$1,650,000

Sold 07/31/25

2
Bedrooms
1,116
Square Feet
Unavailable
Acres
$1,591,000 | 118 Bay Street, Unit 4, Westerly, RI 02891
1/31
4

$1,591,000

Sold 06/09/26

2
Bedrooms
924
Square Feet
Unavailable
Acres
5

$1,591,000

Sold 05/28/26

2
Bedrooms
2
Bathrooms
924
Square Feet
Unavailable
Acres
$3,700,000 | 20 Westerly Road, Westerly, RI 02891
1/35
6

$3,700,000

Sold 09/26/25

2
Bedrooms
912
Square Feet
0.14
Acres
$1,350,000 | 23 Champlin Drive, Westerly, RI 02891
1/50
7

$1,350,000

Sold 02/23/26

1
Bedrooms
2,134
Square Feet
0.46
Acres
$540,000 | 44 Benson Avenue, Westerly, RI 02891
1/36
8

$540,000

Sold 11/21/25

2
Bedrooms
924
Square Feet
0.17
Acres
$1,850,000 | 124 Atlantic Avenue, Westerly, RI 02891
1/2
9

$1,850,000

Sold 06/26/25

2
Bedrooms
2,412
Square Feet
0.11
Acres

Location

Listing Courtesy of R.A. Sweet Real Estate

Sold By Randall, REALTORS

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Payment Calculator

$9,792 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,073

Property Taxes

$719

HOA Dues

$0

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Property Information for 48 Bay Street

Property Details
  • Taxes: $8,629 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Historic/Antique
Building Information
  • Stories: 2
  • Year Built: 1950
  • Lot Size: 0.07 AC / 3,172 SF
Summary
Location and General Information
  • City: Westerly
  • Community Features: Marina, Near Schools
  • Postal City: Westerly
  • Postal Code: 02891
  • Postal Code Plus4: 5702
  • State Or Province: RI
  • Zoning: scwh
  • Human Modified Y N: No
Parking
  • Covered Spaces: 7
  • Garage Spaces: 7
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 14
Taxes and HOA Information
  • Tax Annual Amount: $8,629.00
  • Tax Assessed Value: 762900
  • Tax Lot: 0
  • Tax Year: 2019
Property
Lot Information
  • Above Grade Fin SQFT: 3392.0
  • Below Grade Finished Area: 3222.0
  • Building Area Total: 6614.0
  • Frontage Length: 38
  • Living Area: 6,614.00
  • Living Area Source: Owner
  • Lot Size Acres: 0.0728
  • Lot Size Area: 3172.0
  • Lot Size Square Feet: 3172.0
  • Lot Size Units: Square Feet
  • Parcel Number: 4848-52BAYSTWEST
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1950
  • C L I P: 4,909,990,782
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Utilities: Water Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Porch
  • Foundation Details: See Remarks
Interior Features
  • Appliances: Water Heater
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet
  • Heating: Baseboard, Electric, Oil
  • Heating Y N: Yes
  • Levels: Two
  • Patio And Porch Features: Balcony, Porch
  • Rooms Total: 7
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 48 Bay Street

DateEvent & SourcePriceAppreciation
Nov 16, 2020

Sold

Rhode Island Association of REALTORS® #1260543

$1,785,000
Nov 14, 2020

Contract Signed

Rhode Island Association of REALTORS® #1260543

Aug 1, 2020

Listed (Active)

Rhode Island Association of REALTORS® #1260543

$25,000,000
DateEvent & SourcePrice
11/16/2020

Sold

Rhode Island Association of REALTORS® #1260543

$1,785,000
11/14/2020

Contract Signed

Rhode Island Association of REALTORS® #1260543

08/01/2020

Listed (Active)

Rhode Island Association of REALTORS® #1260543

$25,000,000

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

Schools near 48 Bay Street

This home is within Westerly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
State Street School
PublicK to 4

Westerly Middle School
Public5 to 8

Westerly High School
Public9 to 12

Dunn's Corners School
PublicK to 4

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of R.A. Sweet Real Estate

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.