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140 Aldrich Ave, Warwick, RI, 02889

5beds
5baths
4,661sqft
$3,550,000
$762price/sqft
$24,767/moest. monthly cost
$990,680/yrincome needed

About This Home

Spectacular waterfront estate perched high above Narragansett Bay. Enjoy magnificent water views and sunrises while surrounded by 2+ acres of beautifully landscaped privacy. A two-year long renovation (2020-2022) has yielded top quality results, inside and out. Extensive improvements include new heating, A/C, spectacular kitchen and baths, Pella Architectural Series windows and doors, a 20.3 KW Tesla solar-shingled roofing system and a garage studio. A heated in-ground pool overlooking the Bay with spa and cabana plus a guest mooring that accommodates a 35'-40' boat all contribute to an incredible outdoor experience. Located conveniently close to Warwick Country Club, TF Green Airport and Rocky Point Park, the property provides a relaxing oasis on Warwick Neck.

Getting Around

6
WalkingCar-Dependent
0
TransitNo Nearby Transit
6
BikeSomewhat Bikeable

Schools

4/10
Warwick Neck SchoolGrades K-50.3 mi
7/10
Pilgrim High SchoolGrades 9-124.7 mi

Construction

Condition

  • Year built: 1932

Materials

  • Foundation: Mixed
  • Construction materials: Ceramic,Dry Wall,Plaster,Shingles,Wood

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Range Hood,Microwave,Oven/Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Partial,Interior Entry,Unfinished,Storage Space,Utility,Work Shop

Bathroom

  • Level: Second

Bathroom

  • Level: Second

Bathroom

  • Level: First

Bathroom

  • Level: First

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Wall (Cermaic),Wall (Dry Wall),Wall (Plaster),Cedar Closet(s)(s),Plumbing (Mixed),Insulation (Cap),Insulation (Unknown),Insulation (Walls)
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Brick
  • Fireplace: Yes
  • Attic: Attic Stairs, Attic Storage
  • Finished area below ground: 0
  • Finished area above ground: 4,661

Heating & Cooling

  • Heating features: Electric,Solar,Baseboard,Forced Air,Heat Pump,Zoned
  • Cooling features: Central Air,Ductless,Heat Pump

Interior Area

  • Total structure area: 4,661
  • Total interior livable area: 4,661 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Second

Mud Room

  • Level: First

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: First

Other

  • Level: First

Other

  • Level: Second

Porch

  • Level: First

Storage

  • Level: Lower

Sun Room

  • Level: First

Property

Details

  • Parcel number: WARWM381B0055L0000
  • Zoning: A-40
  • Other equipment: Cable TV,Hot Tub,Fuel Tank(s)

Features

  • Pool features: In Ground
  • Patio & porch: Patio,Porch
  • Spa features: Hot Tub
  • Fencing: Fenced
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Access,Beach,Mooring,Walk to Salt Water

Lot

  • Lot size: 2.16 Acres
  • Features: Sprinklers

Parking

  • Total spaces: 8
  • Parking features: Detached,Garage Door Opener,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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

  • Coastal Flooding
    Coastal FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $17,950$215,400
Home Insurance *$1,713$20,556
Property Taxes $4,155$49,860
Electricity $949$11,391
Total$24,767$297,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$849,154/yr
40% on housing$743,010/yr
45% on housing$660,453/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

$762This listing

vs Other Active Listings

Avg $/sqft

ZIP 02889$269
Kent County$249

vs Homes Sold Last Month

Median $/sqft

ZIP 02889$306
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
2026-06-26Listed for sale$3,550,000
2020-09-03Sold$865,000
2020-07-31Listed for sale$949,900
2020-03-12Listing removed$999,000
2019-10-24Price change$999,000
2019-07-11Listed for sale$1,125,000

For Sale by Agent

AgentRebecca Mayer
BrokerageCompass

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