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1 Chace St, East Greenwich, RI, 02818

4beds
3baths
3,128sqft
$1,579,500
$505price/sqft
$11,004/moest. monthly cost
$440,160/yrincome needed

About This Home

Introducing an exclusive opportunity to own one of three brand-new custom homes by Meridian Custom Homes, ideally positioned just moments from the charm and energy of Historic Main Street East Greenwich and the scenic waterfront of Greenwich Bay. Thoughtfully designed with today’s lifestyle in mind, these exceptional residences blend timeless coastal architecture with luxury finishes, open-concept living, and masterful craftsmanship throughout. Enjoy beautifully appointed kitchens, expansive living spaces, spa-inspired primary suites, and seamless indoor-outdoor living perfect for entertaining. Set within one of Rhode Island’s most sought-after coastal communities in Cowesett, residents will appreciate walkability to renowned dining, boutique shopping, marinas, coffee shops, nightlife, and waterfront attractions, all while being minutes to highways and beaches. A rare offering combining new construction, luxury living, and an unbeatable location. *Please note photos are of previously built homes and may depict additional features not included herein.

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

6/10
Cedar Hill SchoolGrades K-51.3 mi
5/10
5/10
Toll Gate High SchoolGrades 9-122.7 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2027

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Clapboard

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Plumbing (PVC)
  • Flooring: Hardwood,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,128

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,128
  • Total interior livable area: 3,128 sqft

Property

Details

  • Parcel number: 01CHACESTEGRN

Lot

  • Lot size: 0.39 Acres

Parking

  • Total spaces: 8
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $7,986$95,832
Home Insurance *$578$6,936
Property Taxes $1,803$21,636
Electricity $637$7,644
Total$11,004$132,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$377,280/yr
40% on housing$330,120/yr
45% on housing$293,440/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

$505This listing

vs Other Active Listings

Avg $/sqft

ZIP 02818$356
Kent County$250

vs Homes Sold Last Month

Median $/sqft

ZIP 02818$278
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)

Price History

DateEventPrice
2026-05-21Listed for sale$1,579,500

New Construction

AgentMatthew St. Ours
BrokerageRE/MAX Professionals

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