Rare opportunity in the heart of the highly coveted Bonnet Shores beach community! This lovely 1,551 SF, 3-bedroom, 1.5-bathroom cozy home sits on an oversized footprint across two formerly merged lots. The property is being sold in "as-is" condition. It is a solid and bright home with gas heat, municipal water and sewer. With some deferred maintenance and updating this well loved home can be transformed to into your coastal dream home. The value here is in the incredible versatility. Options abound: renovate the existing structure to create a custom fixer-upper, tear down and build your dream coastal estate, or explore the potential of unmerging the lots to build two separate homes. Adding to the appeal, a 6,000 SF vacant lot immediately to the left is also available for purchase (see MLS #1412618). Acquired together, which is the seller's strong preference this creates a massive triple-lot potential a developer's dream for a 3-home subdivision or a buyer's chance for an unparalleled private estate. Enjoy all the perks of the Bonnet lifestyle, including deeded beach rights and proximity to private community beaches and Kelly's Beach. Whether you are an investor looking for your next project or a homebuyer looking to anchor yourself in Narragansett, this property offers limitless potential. Don't miss this outstanding opportunity to secure a significant footprint in one of Rhode Island's premier beach neighborhoods.