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14 Wood Ave, Narragansett, RI, 02882

3beds
2baths
2,233sqft
$4,500,000
$2,015price/sqft
$27,757/moest. monthly cost
$1,110,280/yrincome needed

About This Home

Nestled in the heart of Narragansett's coveted Pier district, 14 Wood Avenue presents an exceptionally rare opportunity to own a substantial parcel just moments from the beach, restaurants, shops, and the waterfront. While the existing home offers immediate enjoyment, the true value lies in the expansive land—a scarce offering in one of Rhode Island's most desirable coastal communities. Whether you're envisioning a private family compound, expanding the existing residence, creating an exceptional outdoor retreat with a pool, guest house (subject to approvals), or simply preserving the privacy that a generously sized lot provides, this property offers possibilities that are increasingly difficult to find in Narragansett. The oversized parcel provides room to reimagine the property while maintaining the charm and convenience of its premier location. Enjoy a short stroll to Narragansett Town Beach, The Towers, boutique shopping, acclaimed restaurants, and everything the Pier has to offer. Opportunities like this are rare. Large parcels in the Pier district seldom become available, making 14 Wood Avenue an exceptional investment for homeowners, builders, and those seeking a legacy property with long-term potential. Being sold AS-IS.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

9/10
8/10
Narragansett Pier SchoolGrades 5-81.3 mi
10/10
Narragansett High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Stone
  • Construction materials: Shingles

Type & Style

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

Interior

Basement

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

Bedrooms & Bathrooms

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

Features

  • Flooring: Hardwood,Other
  • Number of fireplaces: 2
  • Fireplace features: Stone
  • Fireplace: Yes
  • Finished area below ground: 550
  • Finished area above ground: 1,683

Heating & Cooling

  • Heating features: Oil,Forced Water
  • Cooling features: None

Interior Area

  • Total structure area: 1,683
  • Total interior livable area: 2,233 sqft

Property

Details

  • Parcel number: NARRMAB23

Lot

  • Lot size: 1.20 Acres

Parking

  • Total spaces: 8
  • Parking features: Detached
  • 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 FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
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 $22,754$273,048
Home Insurance *$2,063$24,756
Property Taxes $2,486$29,832
Electricity $454$5,457
Total$27,757$333,084
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$951,668/yr
40% on housing$832,710/yr
45% on housing$740,186/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: 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

$2,015This listing

vs Other Active Listings

Avg $/sqft

ZIP 02882$654
Washington County$609

vs Homes Sold Last Month

Median $/sqft

ZIP 02882$570
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)

No zestimate history available

Price History

DateEventPrice
2026-07-28Listed for sale$4,500,000
2026-02-24Listing removed$3,500
2025-11-28Price change$3,500
2025-11-19Listed for rent$3,800
2025-10-06Listing removed$3,800
2025-09-02Listed for rent$3,800
2021-02-26Listing removed--
2020-08-03Listing removed$2,800
2020-07-23Listed for rent$2,800

For Sale by Agent

AgentRomina Moran
BrokerageMedia Realty LLC

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