A rare opportunity to reimagine a waterfront property in Portsmouth's desirable Point neighborhood. Set directly on Blue Bill Cove and Island Park Cove. Offering sweeping water views from the backyard and additional water views across the street, this 3-bedroom, 2-bath home offers an exceptional setting and tremendous potential. The property is in need of a full renovation and is being sold strictly AS IS, with contents to remain. Ideal for investors, contractors, builders or buyers ready to take on a substantial rehabilitation and create something special in a truly unique coastal location. Enjoy picturesque views toward Hen Island and Spectacle Island with the surrounding cove from your own backyard. Bring your vision and transform this property into a stunning year-round residence, coastal retreat or investment opportunity. Buyer to perform all due diligence regarding property condition, permitting and potential uses. Highest and best Tuesday 9/22/2026 12pm
Island Park, located between Mount Hope Bay and the Sakonnet River, is a waterfront and village-like Portsmouth neighborhood with a working marina scene and breezy shoreline streets. The neighborhood’s character concentrates around Park Avenue near the Island Park Yacht Club, where bait-and-tackle counters, dockside chatter, and casual seafood spots set the tone. Flo’s Clam Shack, Island Park Yacht Club, and the Portsmouth Free Public Library’s Island Park branch act as familiar community pillars. Low-slung cottages and compact capes mix with newer coastal builds, many oriented toward porches and water views. Side streets lead to small docks, boat ramps, and pocket beaches that shape daily routines. The pace stays tied to tides, with summer foot traffic and year-round harbor activity.
Provided by Walk Score and Local Logic
Market insights
72 Point Rd · $650,000
DAYS ON MARKET
15 days
The average home goes pending in 60 days.
SALE-TO-LIST
97.4%
Most homes are selling 3% below list price.
LIST PRICE
$650,000
Median sale price in this area is $947,750. (46% higher than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Tub/shower
Bathrooms
2 full bathrooms
Laundry & utility
Tankless water heater
Flooring
Carpet
Wood
Heating & cooling
Baseboard heating
Oil heating
Exterior features
Exterior entry basement
Unfinished full basement
Interior entry to basement
Home design
2 stories
Clapboard siding
Parking
No garage
2 off-street parking spaces
Construction
Concrete perimeter foundation
Utilities
100 amp electric service
Connected water
Septic tank sewer
Electricity and solar
View estimated energy costs and solar savings for this home
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)
36
24
37
24
48
34
57
42
66
51
78
61
81
66
76
61
72
59
63
50
54
40
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 15% for direct sun exposure in Portsmouth. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 72 Point Rd
$650,361
$361 over list price of $650K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $415K to $652K.