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137 Cove Point Rd E, Charlestown, RI, 02813

3beds
5baths
4,500sqft
$4,750,000
$1,056price/sqft
$29,356/moest. monthly cost
$1,174,240/yrincome needed

About This Home

This is a rare opportunity to own a signature waterfront property on “Quonnie” Pond in Charlestown. Located at the end of a private road, this magnificent home offers unparalleled seclusion and tranquility. Set on almost 4 acres, the property features 200 feet of water frontage and deeded rights to a shared dock and a dedicated mooring. Quononchontaug Pond is Rhode Island’s finest ocean-access salt pond and provides limitless opportunities for boating, paddleboarding, fishing and clamming. This gracious family home was architecturally designed to blend seamlessly into an extraordinary setting that features rock outcroppings, perennial gardens, woodlands and a breathtaking salt marsh. Built to modern standards with particular attention paid to craftsmanship, building materials, and graceful proportions, this home was conceived to bring people together and create magical memories. In addition to the sumptuous primary bedroom, the home includes two other en-suite bedrooms, an office and two guest rooms that will accommodate all of your summer guests in style. A beautiful deck and a massive screen porch overlook the pond and the salt marsh and are favorite gathering spots throughout the day. The property also includes a charming boathouse that can be enjoyed in a variety of different ways. One could wait for a generation for a property like this to become available. Call today for your private tour of this very special offering.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

7/10
10/10
Chariho High SchoolGrades 9-127.3 mi
9/10

Construction

Condition

  • Year built: 2003

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Dry Wall,Paneled,Shingles

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Exhaust Fan,Microwave,Oven/Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Finished,Bath/Stubbed,Bedroom(s),Utility,Work Shop

Bathroom

  • Features: Bath w Tub, Bath w Shower Stall

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Wall (Dry Wall),Wall (Paneled),Cathedral Ceiling(s),Wet Bar,Plumbing (Mixed),Ceiling Fan(s)
  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 2
  • Fireplace features: Stone
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,500

Heating & Cooling

  • Heating features: Oil,Forced Air,Radiant
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,500
  • Total interior livable area: 4,500 sqft

Property

Details

  • Parcel number: CHARM3L27
  • Zoning: R3A
  • Other equipment: Cable TV

Features

  • Patio & porch: Deck,Patio,Porch,Screened
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Access,Dock,Mooring,Saltwater Front,Walk to Salt Water

Lot

  • Lot size: 3.94 Acres
  • Features: Cul-De-Sac,Wooded

Parking

  • Total spaces: 10
  • Parking features: Integral
  • 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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Hurricane
Ice Storm
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Fire
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 $24,018$288,216
Home Insurance *$2,149$25,788
Property Taxes $2,273$27,276
Electricity $916$10,997
Total$29,356$352,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,006,491/yr
40% on housing$880,680/yr
45% on housing$782,826/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,056This listing

vs Other Active Listings

Avg $/sqft

ZIP 02813$444
Washington County$613

vs Homes Sold Last Month

Median $/sqft

ZIP 02813$434
Washington County$360

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
2026-03-13Listed for sale$4,950,000
2026-02-02Listing removed$5,595,000
2025-09-16Listed for sale$5,595,000
2025-09-16Listing removed$5,595,000
2025-06-11Listed for sale$5,595,000
2002-05-29Sold$762,000
1998-08-11Sold$265,000

For Sale by Agent

AgentLarry Burns
BrokerageLila Delman Compass

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