Picture-perfect coastal cottage in Gaspee Point! Fully updated and adorned with a picket fence and window boxes, this turnkey home features an open and airy interior with vaulted ceilings and abundant natural light - perfectly suited for relaxed coastal living. The two-tier kitchen island is thoughtfully designed to maximize counter space and storage, offering a raised counter for seating and conversation, and a lower level for prep while entertaining. You'll also find an updated bath, laundry area, and a dedicated home office space that could be used as a convenient mudroom, if preferred. Step outside into the spacious, fully fenced-in back yard, and enjoy the ocean breeze from the shaded deck or patio. Two sheds complete the outdoor space - one for storage and the other offering potential as a workspace or creative studio. With a new roof and just a short walk to the public beach, this home makes coastal living easy and enjoyable. Located on leased land.
Sold for $272,000
$272,000
48 Lane #5, Warwick, RI 02888
2beds
742sqft
Single Family Residence
Built in 1935
-- sqft lot
$277,200 Zestimate®
$367/sqft
$2,235 Estimated rent
Home value
$277,200
$249,000 - $308,000
$2,235/mo
Zestimate® history
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$2,273/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 02, 2025 at 02:17pm
Listed by:
Regina Hosey 401-942-0200,
Williams & Stuart Real Estate
Bought with:
Jay Rezendes, RES.0035367
RE/MAX 1st Choice
Source: StateWide MLS RI,MLS#: 1391125
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
Bedroom
- Level: First
Bathroom
- Level: First
Dining area
- Level: First
Kitchen
- Level: First
Laundry
- Level: First
Living room
- Level: First
Office
- Level: First
Heating
- Natural Gas, Baseboard, Forced Water, Gas Connected
Cooling
- Has cooling: Yes
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Range Hood, Oven/Range, Refrigerator, Washer
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Vinyl
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Crawl Space,Bulkhead
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 742
- Total interior livable area: 742 sqft
- Finished area above ground: 742
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: One Level
Features
- Patio & porch: Deck, Patio
- Fencing: Fenced
- Waterfront features: Access, Beach, Walk to Salt Water
Details
- Additional structures: Outbuilding
- Parcel number: WARWM305B0058L9848
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Dry Wall, Vinyl Siding
- Foundation: Unknown
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Assessment to Buyer
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Security System Owned
Community
- Community features: Near Public Transport, Highway Access, Public School, Recreational Facilities, Schools, Near Shopping, Near Swimming
Location
- Region: Warwick
- Subdivision: Gaspee Point
HOA & financial
HOA
- Has HOA: No
- HOA fee: $566 monthly
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2025 | Sold | $272,000+2.6%$367/sqft |
Source:  StateWide MLS RI #1391125 Report a problem | ||
| 8/27/2025 | Pending sale | $265,000$357/sqft |
Source: StateWide MLS RI #1391125 Report a problem | ||
| 8/6/2025 | Contingent | $265,000$357/sqft |
Source: StateWide MLS RI #1391125 Report a problem | ||
| 7/29/2025 | Listed for sale | $265,000+47.2%$357/sqft |
Source: StateWide MLS RI #1391125 Report a problem | ||
| 11/17/2021 | Sold | $180,000-2.7%$243/sqft |
Source: StateWide MLS RI #1295406 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,995 | $137,900 |
| 2024 | $1,995 +1.9% | $137,900 |
| 2023 | $1,957 +3.9% | $137,900 +37.1% |
Find assessor info on the county website
Neighborhood: 02888
Nearby schools
GreatSchools rating
- 6/10Holliman SchoolGrades: K-5Distance: 1.6 mi
- 5/10Warwick Veterans Jr. High SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Pilgrim High SchoolGrades: 9-12Distance: 1.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$277,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$277,200
- Rhode Island
- Kent County
- Warwick
- 02888
- 48 Lane Unit 5