Westerly Homes under $500,000

Welcome to Westerly, Rhode Island – a picturesque coastal town where charm meets convenience! Nestled in Washington County, Westerly is renowned for its stunning beaches, vibrant arts scene, and rich history. With its quaint downtown area filled with unique shops and delightful eateries, Westerly offers a perfect blend of small-town charm and modern amenities.

For those looking to plant roots in this idyllic setting, Westerly boasts an impressive selection of homes under $500,000. Whether you're a first-time homebuyer, a growing family, or seeking a serene retirement retreat, you’ll find a variety of options that cater to your needs. From cozy bungalows to spacious family homes, the real estate market in Westerly presents opportunities for everyone.

Imagine waking up to the sound of waves crashing on the shore, with the iconic Misquamicut Beach just a stone's throw away. Residents can enjoy endless summer days filled with sunbathing, swimming, and beachcombing, all while being part of a community that values its natural beauty and outdoor lifestyle. Additionally, Westerly’s excellent schools and friendly neighborhoods make it an ideal place to raise a family.

With its rich cultural offerings, including art galleries, theaters, and music festivals, Westerly is not just a place to live; it’s a place to thrive. Explore the charm of this coastal gem and discover your dream home today! With homes available under $500,000, your perfect Westerly oasis awaits.

Newest Westerly Homes under $500,000

$399,900

2 Beds ⋅ 1 Baths

Welcome to 115 Main Street in Westerly, where downtown convenience, comfort, and opportunity come together in one exceptional property. Ideally situated along the beautiful Pawcatuck River, this charming 2-bedroom, 1-bath single-family home places you just steps from the best of downtown Westerly, with shops, restaurants, entertainment, and everyday amenities all within easy walking distance. The lower level features an oversized garage with ample room for multiple vehicles, a boat, recreational equipment, or abundant storage. With its history as a former commercially zoned property, this versatile space also presents an exciting opportunity for an entrepreneur, studio, workshop, or home-based business, with the added benefit of living quarters directly above. Designed for easy, low-maintenance living, the home features new appliances, a newer heating system, and newer windows, offering modern convenience and peace of mind. Previously utilized as a successful short-term rental, the property offers flexibility for a variety of uses from a full-time residence or weekend getaway to an investment opportunity. With its prime downtown location, riverfront setting, versatile lower level, and thoughtful updates, 115 Main Street offers a rare combination of lifestyle and potential in the heart of Westerly. Open house: Saturday 10/3 10:00-11:30 Sunday 10/44 11:30-1:00

115 Main Street, Westerly

Listing courtesy of LPT Realty. Contact:

$150,000

1 Baths

Fantastic opportunity to own a commercial condominium in the heart of vibrant downtown Westerly! Zoned COMMERCIAL CONDO, NON-RESIDENTIAL. Located within the iconic Martin House, this unique 755-square-foot commercial condo offers a rare opportunity to own rather than lease your workspace. The building underwent an extensive renovation, creating a distinctive setting designed to accommodate both residential and commercial condominium ownership within the property. Unit M2 features a half bath, newer mini-split system, upgraded electrical, custom shelving, workbenches, and a versatile open layout ready to suit a variety of potential uses. Whether you're seeking a workshop, private office, studio, dedicated storage space, or another approved commercial use, this unit offers plenty of possibilities to make the space your own. Enjoy a convenient downtown location close to Westerly's shops, restaurants, amenities, and Amtrak station, with Watch Hill and Mystic just a short drive away and easy access to both Boston and New York. A unique opportunity to own a manageable commercial space in one of Westerly's distinctive historic buildings. Unit is designated for non-retail, non-residential use, and any intended use is subject to applicable approvals. Requires commercial financing or cash.

10 Canal Street Unit M2, Westerly

Listing courtesy of Residential Properties Ltd.. Contact:

$499,000

3 Beds ⋅ 2 Baths

Built in 2023, this three-bedroom, one-and-a-half-bath home has an easy, welcoming feel. The kitchen has white cabinets, stainless steel appliances, and a wood-topped island with room to pull up a couple of stools. A fireplace adds a cozy touch to the living area, and sliding doors lead out to a small deck and a tree-lined backyard. A new central A/C system for those warmer days. All three bedrooms and the full bath are upstairs. Set on approximately 0.7 acres, the property also has a fenced front yard, gravel driveway, and storage shed. Enjoy a peaceful, private setting just a short drive from downtown Westerly's restaurants, beaches, and everyday amenities. This is an opportunity to own a newer construction home, low maintenance and ready to call home.

38 Vars Lane, Westerly

Listing courtesy of Century 21 Guardian Realty. Contact: 401-515-5531

$499,000

3 Beds ⋅ 2 Baths

Welcome to 11 Wilder Avenue, a well-located 2012 ranch offering convenient single-level living in Westerly. This thoughtfully designed home features three bedrooms, two full bathrooms, and approximately 1,144 square feet of living space. The bright, open layout connects the main living and dining areas, creating a comfortable setting for everyday life and entertaining. Hardwood and ceramic flooring, central air conditioning, whole house generator and an attached one-car garage add to the home's appeal and functionality. A full, unfinished basement provides plenty of storage along with excellent potential for a workshop, home gym, hobby area, or future finished space. Set on approximately 0.39 acres with a paved driveway and manageable yard, the property offers room to enjoy without overwhelming upkeep. Located just minutes from downtown Westerly, shopping, restaurants, schools, recreational amenities, and the area's beautiful beaches, this home offers an appealing combination of comfort, convenience, and future potential. Bring your ideas and make 11 Wilder Avenue your own!

11 Wilder Avenue, Westerly

Listing courtesy of Keller Williams Coastal. Contact:

$349,900

2 Beds ⋅ 2 Baths

"Handyman" special just waiting for your touch, needs updating. If you have ever dreamed of having a place in the country with a nice garden, here is a property you will want to see. This is an older home, the grounds are lovely, from the open field area, it affords pleasing views and room for growth. Welcome to an extraordinary property in beautiful Bradford/Westerly, where peaceful living and unique versatility come together. Outdoors, the property lives like a private retreat, have a big vegetable garden or raise some chickens and enjoy fresh eggs for breakfast. Just 4 miles to the nearest beach! Small but cute, 2 BR, 1 bath, paved driveway, sunroom (or 3rd bedroom) and more. Includes a propane backup generator. (not sure if its a septic or cesspool)

129 Church Street, Westerly

Listing courtesy of RE/MAX South County. Contact:

$494,900

3 Beds ⋅ 2 Baths

If you have dreamed of having a place in the country with a nice garden; a couple of horses, here is a property you will want to see. An older home with lots of room, a big deck, inground pool with its own deck and landscaping. The grounds are lovely, from the old stonework, to the new, to the open field area, it affords pleasing views and room for growth. Welcome to an extraordinary property in beautiful Bradford/Westerly, where peaceful living and unique versatility come together. Situated on over 8 acres of land, this rare offering this home could serve as a successful Airbnb. Guests can enjoy both comfort and privacy, surrounded by the property's natural beauty, making this a potential turnkey rental or flexible living space. Outdoors, the property lives like a private retreat. A one-of-a-kind opportunity to own a truly remarkable property, just 4 miles from the nearest beach! Horses welcome, great space for an oversized garden, and various farm animals on a 8.28-acre lot. Please do your "due diligence" to see what the town will allow you to build another structure, etc. All you need is a little sweat equity to bring this farm up to today's standards. Selling "as is." Cannot be subdivided. Photos are virtually staged **** Recently did Septic inspection and pumped.

107 Church Street, Westerly

Listing courtesy of RE/MAX South County. Contact:

$349,000

2 Beds ⋅ 1 Baths

Welcome to your Westerly retreat! Less than two miles from Weekapaug and Atlantic Avenue and close to Westerly's popular summer attractions, this updated, move-in-ready cottage offers an ideal combination of location, convenience, and flexibility. Offered furnished, this standalone unit is ready to enjoy from day one whether you're looking for a year-round residence, weekend getaway, or income-producing investment. Completely renovated from top to bottom, the home features a bright, modern interior with hardwood floors throughout, energy-efficient updates, and an open layout that makes excellent use of every square foot. Small in size but big on appeal, the home feels comfortable, stylish, and surprisingly spacious. Enjoy the ease of condo living with the privacy of a standalone home. Unlike a traditional condominium. The homeowners association handles lawn maintenance, leaf cleanup, and snow removal, allowing you to spend more time enjoying Westerly and less time on upkeep. Monthly fees also include septic and town water, helping simplify ongoing expenses. Residents also enjoy access to a large shared field for recreation and community use. The property has a strong rental history and has previously been operated as a short-term rental. The seller can provide a prior guest list upon request. Turnkey, furnished, low-maintenance, and close to the beach this is a rare opportunity to own your own Westerly retreat.

88 Old Post Road Unit 6, Westerly

Listing courtesy of Century 21 Guardian Realty. Contact: 401-515-5531

$306,000

1 Beds ⋅ 1 Baths

OWN YOUR MIQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Miquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Buyers can choose the unit that best fits their goals or explore the opportunity to acquire multiple units. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.

20 Winnapaug Road Unit B3, Westerly

Listing courtesy of Stanton Realty, Inc.. Contact:

$299,000

1 Beds ⋅ 1 Baths

OWN YOUR MISQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Misquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. Unit B6 is a unique condotel opportunity, offering the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Buyers can choose the unit that best fits their goals or explore the opportunity to acquire multiple units. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Misquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.

20 Winnipaug Road Unit B6, Westerly

Listing courtesy of Stanton Realty, Inc.. Contact:

$350,000

1 Beds ⋅ 1 Baths

OWN YOUR MISQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL. Imagine having your own place in Misquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. This unique condo-tel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Misquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.

20 Winnapaug Road Unit B7, Westerly

Listing courtesy of Stanton Realty, Inc.. Contact:

$360,000

1 Beds ⋅ 1 Baths

OWN YOUR MIQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Misquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.

20 Winnapaug Road Unit B1, Westerly

Listing courtesy of Stanton Realty, Inc.. Contact:

$240,000

1 Beds ⋅ 1 Baths

Welcome to the Maples- A wonderful residence in the heart of Westerly! #304 is a bright 1 bedroom, 1 bath unit located on the 3rd floor of the building. Natural light abounds through multiple large windows spilling into the living space. Meticulous and clean! Gorgeous cherry wood cabinetry are featured in the kitchen. The spacious bedroom has double closets and tons of light. A washer/ dryer is conveniently located in the walk-in utility closet. Easy access is provided to the unit from the main entrance elevator. The parking lot has plenty of parking with extra spaces for visitors. Storage units are located in the lower level. Rental rules per rules and regulations as follows: "No member shall rent, let, lease or license for use of occupancy by others than the owners thereof except to persons for a thirty day term or more, who have first been approved in writing and the lease has been approved by the Maples Board of Directors. Owner must occupy unit for a limited time of 1 year before renting is allowed" A minute walk to attractions in downtown Westerly and the Amtrak train station. Move right in and start enjoying a carefree Westerly lifestyle!

140 High Street Unit 304, Westerly

Listing courtesy of BHHS New England Properties. Contact:

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