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179 Lane 4, Warwick, RI, 02888

2beds
3baths
1,608sqft
$440,000
$274price/sqft
$3,324/moest. monthly cost
$132,960/yrincome needed

About This Home

RARE SALT WATERFRONT home on one of the largest lots in Gaspee Point! NOT in a flood zone!. This home also features 1,608 square feet in the main house and a Florida room, with two bedrooms and two full bathrooms. The large master suite features two spacious double closets and a full bath. The three-car garage with workshop has a separate electrical box and has the pool house attached to the back. with a roughed-in bath and shower. The pool house could easily be a guest house or an in-law as well. The built-in pool is a rarity here; pools are not allowed in Gaspee anymore. Beautiful, large enclosed Florida room with electric fireplace, heat, and nothing but beautiful waterviews. Multiple decks overlooking the water need some repair. Vinyl siding, a newer roof, and replaced windows make this home pretty much maintenance-free. Decks, pool. sheds and garage doors need work. Located behind Governor Francis Farms, and minutes to Pawtuxet Village. This is a convenient, special place to call home.

Getting Around

1
WalkingCar-Dependent
16
TransitMinimal Transit
20
BikeSomewhat Bikeable

Schools

6/10
Holliman SchoolGrades K-51.7 mi
7/10
Pilgrim High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Paneled,Plaster,Vinyl Siding,Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Dryer,Exhaust Fan,Disposal,Range Hood,Microwave,Oven/Range,Refrigerator,Trash Compactor,Washer,Whirlpool

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Bulkhead

Bathroom

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Wall (Paneled),Wall (Plaster),Plumbing (Mixed),Insulation (Ceiling),Insulation (Walls),Ceiling Fan(s)
  • Door features: Storm Door(s)
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Laminate,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Insert,Stone
  • Fireplace: Yes
  • Attic: Attic Stairs
  • Finished area below ground: 0
  • Finished area above ground: 1,608

Florida Room

  • Level: First

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Forced Water,Gas Connected
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 1,608
  • Total interior livable area: 1,608 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Other

  • Level: First

Other

  • Level: First

Pantry

  • Level: First

Recreation Room

  • Level: First

Workshop

  • Level: First

Property

Accessibility

  • Accessibility features: One Level

Details

  • Parcel number: 179LANE4RDWARW
  • On leased land: Yes
  • Zoning: RES
  • Other equipment: Cable TV,Wood Stove

Features

  • Pool features: In Ground
  • Patio & porch: Deck,Screened
  • Fencing: Fenced
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Access,Beach,Saltwater Front,Walk to Salt Water,Walk To Water

Parking

  • Total spaces: 11
  • Parking features: Detached,Garage Door Opener,Driveway
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$209$2,508
Property Taxes $502$6,024
Electricity $389$4,675
Total$3,324$39,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$113,965/yr
40% on housing$99,720/yr
45% on housing$88,640/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.9%
-1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$274This listing

vs Other Active Listings

Avg $/sqft

ZIP 02888$201
Kent County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 02888$275
Kent County$267

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-15Price change$460,000
2026-03-28Listed for sale$475,000

For Sale by Agent

AgentSandy Conway Catanzaro
BrokerageHomeSmart First Class Realty

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