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$390,000
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Property Description
Rare waterfront opportunity with endless potential! Situated on a desirable 0.12-acre waterfront lot on Island Park, this property offers a unique chance for contractors, builders, investors, or buyers looking to create their dream home. The existing residence features 3 bedrooms, 1 full bathroom, and approximately 994 square feet of living space, but will require substantial renovation or a complete redevelopment. Whether you choose to restore or start fresh with a brand-new custom build that can potentially expand on its current size the value lies in the exceptional waterfront setting and the possibilities this property presents. With limited waterfront parcels available, this is a rare opportunity to secure a prime location and bring your vision to life. The existing footprint provides a foundation for future expansion, while the lot offers the potential to maximize water views and create a truly special property. Being sold as-is. Buyers to conduct their own due diligence regarding redevelopment, expansion, and building possibilities. Don't miss this chance to transform a waterfront property into something extraordinary.
Full Property Details
Full Property Details for 177 Cedar Ave
General
- Sold For: $390,000
- Taxes: $7,358 (2025)
- Status: Closed
- Type: Lots/Land
- Source: STWMLS
- MLS ID: 1415106
- Added to Site: 58 day(s) ago
Business
- Business Type: Residential
Location
- County: Newport
- Subdivision: Island Park
- Near Highway: Yes
Utilities
- Sewer: Septic Tank
- Water: Connected
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Detached
- Construction: Frame
- Stories/Levels: 0
Lot Features
- Property View: Saltwater, Water
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227.2
- Lot Size: 5227.2
- Topography: Level
- Lot Features: Level
- Development Status: Finished Lot(s)
- Potential Use: Single Family
- Zoning: Residential
Water Features
- Water View: Yes
- Water Front Desc.: Beach Front
Financial Considerations
- Tax Amount: $7,358
- Tax Year: 2025
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Property ID: 177CEDARAVPORT
- Block: 137
- Lot Number: 1
Listed and Sold by Castle Keep Realty Corp.
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Schools
Schools serving 177 Cedar Ave
School District:Portsmouth School District, Portsmouth, RI
| Name | Grades | Distance |
|---|---|---|
Howard Hathaway School 53 Tallman Avenue, Portsmouth, RI 02871 | K-4 | 0.9 mi |
Portsmouth Middle School, Portsmouth, RI 125 Jepson Lane, Portsmouth, RI 02871 | 5-8 | 5.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 177 Cedar Ave
Date
Details
Price
Change
Source
7/23/2026
Sold
$390,000
-9.3%
MLS
6/11/2026
Listed
$430,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
177 Cedar Avenue, Portsmouth, RI 02871 (MLS# 1415106) is a Lots/Land property that was sold at $390,000 on July 23, 2026. Want to learn more about 177 Cedar Avenue? Do you have questions about finding other Lots/Land real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.

