One of Weekapaug's most gracious ocean-facing homes is now available on iconic Wawaloam Drive. This gorgeous designer home has been recently renovated and is being offered fully furnished and move-in ready. The bright and contemporary style perfectly complements the dramatic coastal location and makes this an extraordinary opportunity to acquire a truly turnkey home in one of New England's most sought-after summer communities. Sweeping ocean views greet you throughout the home and with 6 bedrooms and 4 full bathrooms you will easily accommodate family and friends all summer long. A sun-filled chef's kitchen opens to a stylish dining room and living room with an original beach stone fireplace. The open floor plan offers numerous family gathering spots, including a serene screen porch, an expansive deck overlooking the Atlantic Ocean the perfect spot to gather for cocktail hour, and a cozy second-floor balcony with views to Montauk and Block Island. A sumptuous primary bedroom features a stunning sitting area that will tempt you to stay in your pajamas all day, unless the spa-like bathroom and fashionable dressing room inspire you for something more ambitious. Situated on over a half acre of land and surrounded by mature landscaping, this setting offers a degree of privacy not usually found in a home so close to the ocean. This property is located between Weekapaug's famous Fenway and Inn Beaches and is a short walk to all of Weekapaug's renowned amenities.
Property Details
Property Features
Property Information:
Architectural Style: Cabin/Cottage
Year Built: 1937
Stories: 2
Living Area: 4,572 SqFt
Listing Office:
Office Name: Lila Delman Compass
Office Phone: (401) 348-1999
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Oven, Water Heater, Range, Refrigerator, Washer
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood
Interior: Skylights, Tub Shower, Furnished, Cable TV
Fireplace: Masonry, Stone
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Waterfront: Beach, Dock Access, Waterfront
View: Water
Exterior: Deck, Porch
Parking Information:
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.46 Acres
Utilities
Utilities Information:
Heating: Forced Air, Oil
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $6,995,000
Price Per SqFt: $1,530/SqFt
Tax Information:
Annual Amount: $43,527
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Westerly, RI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$34.9K
Per Month
Principal & Interest
$34.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$21K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Dunn's Corners School
8 1/2 Plateau Rd
Distance between this listing and this school1.72 miles
Public District Grades KG-4
5
/10
State Street School
35 State St
Distance between this listing and this school4.45 miles
Public District Grades KG-4
3
/10
Bradford Elementary School
15 Church St
Distance between this listing and this school4.91 miles
Public District Grades PK-4
Nearby Schools
6
/10
Westerly Middle School
10 Sandy Hill Rd
Distance between this listing and this school2.22 miles
Public District Grades 5-8
7
/10
Pawcatuck Middle School
40 Field St
Distance between this listing and this school5.45 miles
Public District Grades 5-8
6
/10
Chariho Regional Middle School
455B Switch Rd
Distance between this listing and this school8.91 miles
Public District Grades 5-8
Nearby Schools
7
/10
Westerly High School
23 Ward Ave
Distance between this listing and this school4.72 miles
Public District Grades 9-12
8
/10
Stonington High School
176 S Broad St
Distance between this listing and this school6.12 miles
Public District Grades 9-12
1
/10
The R.Y.S.E School
459 Switch Rd
Distance between this listing and this school8.90 miles
The neighbors living near this home have an average income of $119,318. Most Westerly, RI residents have annual incomes between $100k-200k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 54 Wawaloam Dr
What is the listing price of this property?
The listing price of 54 Wawaloam Dr property is $6,995,000.
What type of property is this?
The property 54 Wawaloam Dr is a house located in Westerly, Rhode Island, 02891.
Is this property for sale now?
Sale Pending: 54 Wawaloam Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $43,527 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 27, 2019 for $3,595,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 54 Wawaloam Dr has 6 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 54 Wawaloam Dr is 4,572 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 54 Wawaloam Dr is 1937.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 54 Wawaloam Dr in Westerly, RI and zip code 02891. This 4,572 square foot home, which was built in 1937, sits on a 0.46 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $6,995,000.
While more than 9 listings in Westerly, RI in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 17 were sold below. Between March 2024 and April 2024, Westerly, RI real estate market has seen increase in the number of listings by 19.1%. Listings spent 34 days on the market in April 2024, and had a median list price of $465,750 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
NASCAR
Figure Skating
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Hardee's
Cadillac
Subaru
Oldsmobile
News/Talk/Information
New Country
Oldies