Welcome to 479 Park Avenue, a rare opportunity in one of Portsmouth's most desirable waterfront neighborhoods. Situated on a 3,600+ square foot lot just one house off the beautiful Sakonnet River, this property enjoys stunning 180-degree water views and endless potential for homeowners, investors, builders, or those seeking a seasonal coastal retreat. The existing home offers approximately 1,200 square feet of living space with three bedrooms, one full bathroom, a spacious living room, large kitchen, and a first-floor office that provides flexibility for remote work or additional living space. The fully fenced yard offers privacy and ample outdoor space for entertaining, gardening, or enjoying the coastal surroundings. Recent improvements include a brand-new roof installed in 2025, replacement windows throughout, updated flooring, and a recently updated bathroom, providing a solid foundation for future improvements or redevelopment. Located just steps from the water and within walking distance to local beaches, restaurants, and neighborhood amenities, this property offers an exceptional lifestyle opportunity in a highly sought-after location. Whether you're looking to renovate, invest, build new, or simply enjoy the charm of coastal Portsmouth, the possibilities here are endless. Property is being sold strictly as-is. Buyers and buyers' agents to perform all due diligence regarding redevelopment, renovation potential, flood zone requirements, and future use of the property.
| MLS # | 1414993 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1941 |
| Days On Site | 99 |
| Listing Provided By | Paramount Properties Group | Lucas Barry |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,281 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R10 |
| Acreage | 0.09 |
| Water Front | Yes |
| Property View | Water, Saltwater View |
| Rooms Total | 7 |
|---|---|
| Heating | Oil, Baseboard |
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Interior Features | Wall (Dry Wall), Wall (Paneled), Plumbing (Mixed), Insulation (Unknown) |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Fireplace Features | None |
| Foundation Details | Block, Concrete Perimeter |
|---|---|
| Lot Features | Fenced |
| Community Features | Marina, Restaurants, Shopping, Near Swimming |
| Construction Materials | Dry Wall, Paneled, Shingles |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | No Garage |
| Utilities | Water Connected |
|---|---|
| Sewer | Septic Tank |
| Electric | 200+ Amp Service |
| Community Features | Marina, Restaurants, Shopping, Near Swimming |
|---|
| Tax Annual Amount | 3030 |
|---|---|
| Tax Assessed Value | 228200 |
| Tax Lot | 177 |
| Tax Year | 2025 |
| State | RI |
|---|---|
| County | Newport |
| City | Portsmouth |
| Zip Code | 02871 |
| Area | Newport |
| Listing VS Median (in 02871) | |
Price: $399,000 low | high Med: $684,900 sqft: 1,281 low | high Med: 1,808 $ / sqft: $311 low | high Med: $383 On site: 99 low | high Med: 40 | |
| State | RI |
|---|---|
| County | Newport |
| City | Portsmouth |
| Zip Code | 02871 |
| Area | Newport |
| Listing VS Median (in 02871) | |
Price: $399,000 low | high Med: $684,900 sqft: 1,281 low | high Med: 1,808 $ / sqft: $311 low | high Med: $383 On site: 99 low | high Med: 40 | |