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Napatree Point is one of the most desirable areas of Watch Hill (Westerly).
Napatree Point is for the most part uninhabited. It is just the spit of land extending SW from the village of Watch Hill. The last single family homes there were washed away in the 1938 Hurricane.
Napatree Point is for the most part uninhabited. It is just the spit of land extending SW from the village of Watch Hill. The last single family homes there were washed away in the 1938 Hurricane.
Yes, I was a little confused about that myself. I thought it was a park?
Now Watch Hill, yes, that IS desirable. Just lovely.
While I have no idea how the following numbers compare to those from a year or 5 years ago, relative to other areas in RI, there doesn't seem to be anything extraordinary about the current Westerly real estate market.
Numbers taken from realtor.com on 4/22/2019.
Population ranking, City or Town, Population, (SFH for sale at $500k or less / Not pending or contingent)
Is the Westerly market NYC summer homes and retires/almost retirees? Or full time residents? For full time residents, the $11.59 mill rate looks cheap compared to Connecticut if you're working in New London/Groton. For summer homes and retirees, $500k is cheap compared to Long Island, Westchester, the Jersey Shore, and Fairfield county. Connecticut Amtrak service is pathetically slow but it's really easy access from NY Penn Station.
Is the Westerly market NYC summer homes and retires/almost retirees? Or full time residents? For full time residents, the $11.59 mill rate looks cheap compared to Connecticut if you're working in New London/Groton. For summer homes and retirees, $500k is cheap compared to Long Island, Westchester, the Jersey Shore, and Fairfield county. Connecticut Amtrak service is pathetically slow but it's really easy access from NY Penn Station.
The vast majority of Westerly is comprised of middle class full time residents. The Watch Hill section is where wealthy people live - some full time, some just for the summer.
And you can't touch anything in Watch Hill for 500k.
Actually Westerly itself is really popping right now. Looking at a map, it seems as if the buying is spread out into a number of areas.
You're right. The town is beginning to enjoy some of the same success that Newport has for the last decade. The shine of Watch Hill seems to be rubbing off on other Westerly neighborhoods.
Is the Westerly market NYC summer homes and retires/almost retirees? Or full time residents? For full time residents, the $11.59 mill rate looks cheap compared to Connecticut if you're working in New London/Groton. For summer homes and retirees, $500k is cheap compared to Long Island, Westchester, the Jersey Shore, and Fairfield county. Connecticut Amtrak service is pathetically slow but it's really easy access from NY Penn Station.
Many of the buyers are indeed seasonal. Some retirees, many second home buyers. Cheap by comparison. You get it. These newly discovered towns are increasingly having comparatively lower taxes because the new seasonal owners don't use services. Especially the schools. Assessments rise, taxes remain stable.
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