Narragansett, home to Rhode Island's most popular beach, Narragansett Town Beach, is in many ways a world in itself. The Narragansett locals will tell you there are two distinct seasons, Beach Season and College Season. During the summer months, travelers from around the world flock to sought after Bonnet Shores, Scarborough and Point Judith where you can catch a ride on the Block Island Ferry! Around September, the tourists start clearing out and the University of Rhode Island students start pouring in.
The neighborhoods surrounding Point Judith Road/scenic 1A and Route 138, contain a unique opportunity for vacation property investors to buy single-family homes and duplexes that serve as high-priced weekly rentals in the summer time and student housing for the winter. Narragansett is one of the most sought after beach towns in RI and home to Rhode Island's largest fishing port, as well as boasting a very low tax rate. These homes provide solid income for a vacation property;and they are also on the higher side of the property value appreciation spectrum in RI Real Estate. The median home value is $418,800.
Of course Narragansett is also home to some of the most fabulous waterfront estates in all of New England lining Ocean Road and the nearby areas. Every year multiple homes sell in the multi-million dollar price point and Narragansett is a place where luxury and waterfront buyers can find a dream estate that is also a great investment. If you'd like to see what your Narragansett home is worth, then please check out our Name Your Selling Price service, and you'll receive an instant, free property analysis and neighborhood report. Our team will scour our database to see if we have a buyer who fits the bill. If you're thinking of buying, selling or investing in Real Estate in Narragansett, we'd love to help you with our unique marketing and service systems.