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197 Grand View Dr, Warwick, RI, 02886

2beds
2baths
1,095sqft
$992,100
$906price/sqft
$7,057/moest. monthly cost
$282,280/yrincome needed

About This Home

This completely renovated waterfront property at the end of Cedar Tree Point offers an unparalleled coastal lifestyle in one of the state's most protected coves. The beautifully updated interior features a fully applianced chef's kitchen, a sunroom, a mudroom, a primary bedroom with an en-suite bath, and an expandable lower-level walkout that is ideal for a home office, art studio, or gym. Crafted for effortless living, the exterior is entirely maintenance-free with modern materials and an electric vehicle hook-up. Outdoor entertaining is highlighted by a spacious deck, elegant paver patios, and an enclosable rear portico for four-season enjoyment overlooking the fantastic backyard and beautiful views. Boaters will appreciate the exceptional direct access provided by a fully permitted, 140-foot dock with 1.8' MLW at the end and options for deep-water moorings. Ideally located just minutes from East Greenwich and local social clubs, the home also delivers rare peace of mind by sitting entirely outside of the high-risk flood zone.

Getting Around

14
WalkingCar-Dependent
20
TransitMinimal Transit
18
BikeSomewhat Bikeable

Schools

6/10
Robertson SchoolGrades K-50.6 mi
5/10
5/10
Toll Gate High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1940

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater,Dishwasher,Dryer,Range Hood,Oven/Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Unfinished

Bathroom

  • Level: First

Bedroom

  • Level: First
  • Area: 100
  • Dimensions: 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Wall (Paneled),Plumbing (Copper),Plumbing (PEX),Insulation (Unknown),Ceiling Fan(s)
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Stone
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,095

Heating & Cooling

  • Heating features: Electric,Natural Gas,Central Air,Central,Forced Air,Gas Connected,Gas on Gas,Heat Pump,Hydro-Air,Individual Control,Zoned
  • Cooling features: Central Air,Ductless,Heat Pump

Interior Area

  • Total structure area: 1,095
  • Total interior livable area: 1,095 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Second

Mud Room

  • Level: First
  • Area: 72
  • Dimensions: 8

Sun Room

  • Level: First
  • Area: 168
  • Dimensions: 12

Property

Details

  • Parcel number: WARWM367B0275L0000

Features

  • Patio & porch: Deck,Patio
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Access,Dock,Mooring,Saltwater Front

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 2
  • Parking features: No Garage

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 $5,016$60,192
Home Insurance *$487$5,844
Property Taxes $1,165$13,980
Electricity $389$4,675
Total$7,057$84,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$241,954/yr
40% on housing$211,710/yr
45% on housing$188,186/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

$906This listing

vs Other Active Listings

Avg $/sqft

ZIP 02886$241
Kent County$250

vs Homes Sold Last Month

Median $/sqft

ZIP 02886$293
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
2026-06-29Listed for sale$992,100
2024-01-11Sold$420,000
2023-11-07Pending sale$374,900
2023-10-26Listed for sale$374,900

For Sale by Agent

AgentThe Peter Izzi Team
BrokerageREMAX Revolution

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