OFF MARKET

Off Market Dec 2017 for $475K

$1,103,735

•

2,778

sq ft

40 Point Rd, Portsmouth, RI 02871

About this home

Location, Location, Location! Take a look at this amazing water front opportunity on Point Road in Portsmouth. This home features over 2500 square feet of living space all sited on a 14,000 square foot lot perched perfectly on a protected cove surrounded by land making it a prime location to build a deep water dock & keep your boat. This convenient location makes for easy access to East Bay-Newport and the Sakonnet River by boat with access points to all the surrounding Islands such as Block Island, Martha’s Vineyard & Nantucket The house itself is situated in a great location with easy access to the highway, route 24 to the north and Newport and points south only minutes away. The property has a brand new septic system, newer roof and windows. There is also an in-law apartment on the lower level. House is in great condition and has tons of potential. Enjoy water front living at its best. Walking distance to great restaurants & Pirates Cove Marina across the street.

Single-familyProperty Type

1963Year Built

0.34 acresLot Size

$397Est. Price/Sq.Ft.

1 car garageParking

Listed by Bridgette Soby • Mott & Chace Sotheby's Intl.

Bought with Dina Karousos • Gustave White Sotheby's Realty

Redfin checked: 3 minutes ago

•Source:RIS #1152942

Redfin Estimate

$1,103,735

$629K since sold in December 2017$19K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.4% higher than the average sale price ($1.05M) of 6 comparable homes.

SOLD DEC 11, 2025
$1,300,000
A
3 beds3 baths2,160 sq ft
1055 Anthony Rd, Portsmouth, RI 02871
SOLD JUN 8, 2026
$1,459,000
B
3 beds2.5 baths2,659 sq ft
18 Sunset Ln, Portsmouth, RI 02871
SOLD JUN 27, 2026
$950,000
C
3 beds2.5 baths2,100 sq ft
576 Park Ave, Portsmouth, RI 02871
SOLD JUN 29, 2026
$1,170,000
D
3 beds2 baths2,207 sq ft
161 Narragansett Blvd, Portsmouth, RI 02871
SOLD JUN 26, 2026
$690,000
E
3 beds3 baths3,218 sq ft
52 Viking Dr, Portsmouth, RI 02871
SOLD JUN 24, 2026
$715,000
F
4 beds2 baths1,664 sq ft
523 Bristol Ferry Rd, Portsmouth, RI 02871

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$727,296

Est. take-home

List your home with Redfin and save $11,037

Rent

$2,226/mo

Redfin rental estimate

List your home for rent

Market trends in 02871, RI

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.6%

+0.4% MoM

Median sale price

$797K

$22K MoM

Avg. days on market

31d

5 days MoM

Recently sold homes

3 MoM

New listings for sale

LISTED BY REDFIN
$1,580,000
4 beds3.5 baths4,000 sq ft
95 W Main Rd, Portsmouth, RI 02871
COMING SOON
$679,000
3 beds2 baths1,997 sq ft
57 Bancroft Dr, Portsmouth, RI 02871
COMING SOON
$875,000
2 beds2.5 baths2,822 sq ft
264 Rolling Hill Rd #264, Portsmouth, RI 02871
COMING SOON
$4,000,000
3 beds5.5 baths5,262 sq ft
464 Black Point Ln, Portsmouth, RI 02871
VIDEO TOUR
$795,000
3 beds3 baths1,938 sq ft
30 Lock Ln, Portsmouth, RI 02871
$949,000
2 beds2.5 baths2,684 sq ft
297 Water St Unit A2, Portsmouth, RI 02871
$575,000
3 beds1 bath1,776 sq ft
7 Thurston Ave, Portsmouth, RI 02871
$2,695,000
5 beds4 baths4,629 sq ft
15 Cornelius Dr, Portsmouth, RI 02871
$1,789,000
3 beds3 baths1,645 sq ft
125 Cory's Ln, Portsmouth, RI 02871
$1,799,000
3 beds4 baths3,707 sq ft
9 Lookout Ln, Portsmouth, RI 02871
See all

Provided by Redfin

Sale history for 40 Point Rd

Date

Event

Price

RIS #1152942

Dec 15, 2017

Sold

$475,000

$171/sq ft

Nov 25, 2017

Pending

—

Oct 16, 2017

Contingent

—

Sep 1, 2017

Price Changed

$499,000

$180/sq ft

May 14, 2017

Price Changed

$524,900

$189/sq ft

Mar 1, 2017

Listed

$549,900

$198/sq ft

RIS #1120983

Jan 2, 2017

Listing Removed

—

Sep 20, 2016

Price Changed

$549,000

$198/sq ft

Jun 8, 2016

Price Changed

$559,999

$202/sq ft

Mar 24, 2016

Listed

$575,000

$207/sq ft

RIS #1101138

Feb 1, 2016

Listing Removed

—

Oct 2, 2015

Price Changed

$575,000

$207/sq ft

Aug 3, 2015

Price Changed

$599,000

$216/sq ft

Jul 1, 2015

Listed

$629,000

$226/sq ft

RIS #1040349

Oct 1, 2013

Listing Removed

—

May 6, 2013

Listed

$650,000

$234/sq ft

RIS #1023044

Jan 15, 2013

Listing Removed

—

Aug 3, 2012

Listed

$750,000

$270/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$12,596 (+0.8%)

$613,100 + $335,400

$948,500

2024

$12,501 (+3.1%)

$613,100 + $335,400

$948,500

2023

$12,122 (+9.4%)

$613,100 + $335,400

$948,500

2022

$11,080 (+1.6%)

$433,300 + $278,800

$712,100

2021

$10,902 (+1.6%)

$433,300 + $278,800

$712,100

2020

$10,731 (+20.9%)

$433,300 + $278,800

$712,100

2019

$8,877 (+2.7%)

$323,200 + $218,100

$541,300

2018

$8,645 (+3.6%)

$323,200 + $218,100

$541,300

2017

$8,347 (+4.3%)

$323,200 + $218,100

$541,300

2016

$8,000 (+1.3%)

$303,000 + $197,000

$500,000

2015

$7,900

$303,000 + $197,000

$500,000

2014

$7,900 (−1.7%)

$303,000 + $197,000

$500,000

2013

$8,039 (+2.0%)

$381,500 + $171,800

$553,300

2012

$7,879

$381,500 + $171,800

$553,300

Tax history for 40 Point Rd

Year

Property tax

Land + Additions

Assessment*

2025

$12,596 (+0.8%)

$613,100 + $335,400

$948,500

2024

$12,501 (+3.1%)

$613,100 + $335,400

$948,500

2023

$12,122 (+9.4%)

$613,100 + $335,400

$948,500

2022

$11,080 (+1.6%)

$433,300 + $278,800

$712,100

2021

$10,902 (+1.6%)

$433,300 + $278,800

$712,100

2020

$10,731 (+20.9%)

$433,300 + $278,800

$712,100

2019

$8,877 (+2.7%)

$323,200 + $218,100

$541,300

2018

$8,645 (+3.6%)

$323,200 + $218,100

$541,300

2017

$8,347 (+4.3%)

$323,200 + $218,100

$541,300

2016

$8,000 (+1.3%)

$303,000 + $197,000

$500,000

2015

$7,900

$303,000 + $197,000

$500,000

2014

$7,900 (−1.7%)

$303,000 + $197,000

$500,000

2013

$8,039 (+2.0%)

$381,500 + $171,800

$553,300

2012

$7,879

$381,500 + $171,800

$553,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.34 Acres

Year renovated

—

Sq. Ft.

1,348

Year built

1963

Style

Single Family Residential

County

Newport County

APN

374939

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
Has Attached Garage
# of Garage Spaces: 1

Parking
Features: Attached, Garage, Garage Door Opener
# of Parking (Total): 7
# of Covered Spaces: 1

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 2

Room Information
# of Rooms (Total): 8
Has Basement
Basement Information: Exterior Entry, Full, Finished, Interior Entry

Fireplace Information
Has Fireplace
# of Fireplaces: 2
Features: Masonry

Equipment
Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Tankless Water Heater, Washer

Interior Features
Window Features: Storm Window(s)
Door Features: Storm Door(s)
Flooring: Carpet, Hardwood, Laminate
Other Features: Attic, Tub Shower, Cable TV

Exterior

Building Information
Stories: 2
Stories (Total): 2
Construction Details: Drywall, Brick, Shingle Siding, Wood Siding

Lot Information
Lot Size Area: 14,770
Lot Size Acres: 0.3391
Waterfront Features: Beach Front, Dock Access, Water Access
Zoning: R10

Property Information
Below Grade Finished Area: 1,222
Above Grade Finished Area: 1,556
Foundation Details: Concrete Perimeter

Financial

Assessments and Fees
Assessed Value: $541,300

Tax Information
Annual Tax Amount: $7,900
Tax Year: 2015

Utilities

Utility Information
Electric: 100 Amp Service, Circuit Breakers
Sewer: Septic Tank
Water Source: Connected

Heating & Cooling
Has Cooling
Cooling: 1 Unit
Has Heating
Heating: Baseboard, Hot Water, Oil

Location

Community Information
Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,348
Stories: 1.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1963
Year Renovated: —
County: Newport County
APN: 374939

Home facts updated by county records on Jun 22, 2026

Around this home

Schools

Howard Hathaway School

Public K-4 • Assigned • 1.4mi

10/10

Portsmouth Middle School

Public 5-8 • Assigned • 5.9mi

8/10

Portsmouth High School

Public 9-12 • Assigned • 1.9mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 94° expected this year, 16 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Portsmouth, RI • 02871

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.05M – $1.27M

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Nearby similar homes

LISTED BY REDFINVIDEO TOUR

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New listings for sale in 02871

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Home values near 40 Point Rd

Data from public records.

Address	Redfin Estimate
4 Point Road, Portsmouth, RI 2 Beds \| 1 Baths \| 864 Sq. Ft.	$643,188
32 Point Road, Portsmouth, RI 3 Beds \| 2.5 Baths \| 3868 Sq. Ft.	$1,497,069

Address	Redfin Estimate
52 Point Road, Portsmouth, RI 3 Beds \| 1 Baths \| 1370 Sq. Ft.	$873,907
41 Point Road, Portsmouth, RI 3 Beds \| 1 Baths \| 1872 Sq. Ft.	$1,200,254

Address	Redfin Estimate
73 Point Road, Portsmouth, RI 3 Beds \| 2 Baths \| 1170 Sq. Ft.	$809,956
61 Point Road, Portsmouth, RI 2 Beds \| 2 Baths \| 1606 Sq. Ft.	$832,928

Property information provided by RIS when last listed in 2017. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 02871, RI

Sale history for 40 Point Rd

Tax history for 40 Point Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 02871

Home values near 40 Point Rd

More real estate resources