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Sold for $1,000,000
  • $1,000,000

    59 Lakewood Dr, Narragansett, RI 02882

    5beds
    2,928sqft
    Single Family Residence
    Built in 1975
    0.66 Acres Lot
    $1,036,800 Zestimate®
    $342/sqft
    $4,468 Estimated rent

    Home value

    $1,036,800

    $923,000 - $1.16M

    $4,468/mo

    Zestimate® history
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    What's special

    Spacious homeFive bedroomsThree fireplacesFinished walkout lower levelCentral airCathedral ceilingsGenerous deck
    *Interior pictures coming soon* Tucked away on one of the largest lots on the street, this unique property is located in the highly sought-after Pier neighborhood of Narragansett. Set on a beautiful, wooded lot abutting Sprague Pond, the home offers a rare sense of privacy and natural beauty. A generous deck spans nearly the entire length of the house, providing a peaceful outdoor retreat with serene views—perfect for relaxing or entertaining. Step inside to an expansive main level with approximately 2,000 square feet of living space, accentuated by cathedral ceilings and an open layout that brings in abundant natural light. The home features five bedrooms and three bathrooms, including a spacious primary suite with fireplace, private ensuite bath and direct access to the rear deck—ideal for enjoying morning coffee in nature. Comfort is key, with both central air and ductless AC systems in place, as well as a generator transfer switch for added peace of mind. The interior also boasts a total three fireplaces, creating cozy gathering spots throughout the home. The finished walkout lower level includes a full bath and offers excellent potential for a future in-law apartment or guest suite. While the kitchen and bathrooms could benefit from cosmetic updates, the home's solid layout and desirable location make it a fantastic investment opportunity. Don't miss your chance to own a spacious home on a private, wooded lot in the heart of Narragansett.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lyndsey Daigneault 401-921-5011,

    HomeSmart Professionals

    Bought with:

    Jennifer Palm, RES.0048388

    BHHS Commonwealth Real Estate

    Source: StateWide MLS RI,MLS#: 1391812MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Oil, Baseboard, Forced Water
    Cooling
    • Central Air, Ductless
    Features
    • Plumbing (Mixed)
    • Flooring: Ceramic Tile, Vinyl, Carpet
    • Doors: Storm Door(s)
    • Windows: Insulated Windows
    • Basement: Full,Interior and Exterior,Finished
    • Number of fireplaces: 3
    • Fireplace features: Brick
    Interior area
    • Total structure area: 1,920
    • Total interior livable area: 2,928 sqft
    • Finished area above ground: 1,920
    • Finished area below ground: 1,008

    Property

    Parking
    • Total spaces: 8
    • Parking features: Integral
    • Attached garage spaces: 2
    Features
    • Patio & porch: Deck
    Lot
    • Size: 0.66 Acres
    Details
    • Parcel number: NARRMHB13L9
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Raised Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: The Pier / Town Beach
    HOA
    • Has HOA: No
    Location
    • Region: Narragansett

    Financial & listing details

    • Price per square foot: $342/sqft
    • Tax assessed value: $899,500
    • Annual tax amount: $5,892
    • Date on market: 8/5/2025

    Price history

    DateEventPrice
    9/19/2025Sold$1,000,000-9.1%$342/sqft
    Source: StateWide MLS RI #1391812 Report a problem
    8/18/2025Pending sale$1,100,000$376/sqft
    Source: StateWide MLS RI #1391812 Report a problem
    8/5/2025Listed for sale$1,100,000+155.8%$376/sqft
    Source: StateWide MLS RI #1391812 Report a problem
    6/28/2002Sold$430,000$147/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,108 +3.7%$899,500
    2024$5,892 +9.7%$899,500 +50.8%
    2023$5,369 $596,600
    2022$5,369 +1.6%$596,600
    2021$5,286 +2.6%$596,600 +21.4%
    2020$5,152 +2.4%$491,600
    2019$5,029 +14.2%$491,600
    2018$4,402 -8.5%$491,600 +7.9%
    2017$4,810 +4.8%$455,500
    2016$4,591 +1.4%$455,500
    2015$4,528 -11%$455,500 -10.1%
    2014$5,088 +2.4%$506,800
    2013$4,967 +2.4%$506,800
    2012$4,850 -4.9%$506,800 -10.8%
    2011$5,099 +1.3%$568,400
    2010$5,036 +3.3%$568,400
    2009$4,877 -9.6%$568,400 -23.6%
    2008$5,393 +4.2%$743,900
    2007$5,178 -2.9%$743,900 +51.9%
    2005$5,332 $489,600
    Find assessor info on the county website

    Neighborhood: Narragansett Pier

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,036,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,036,800