Offered as a package with 155 East Avenue, MLS#1256261. These two (2) lots combined total nearly 8-acres and currently consist of a carriage/guest house on a 0.63-acre lot and the colonial-style main estate house sitting on 7.31-acres. This is one of Westerly's largest estate parcels, originally built by the Milner family and subsequently owned by some of Westerly's best families. With beautiful grounds are rumored to be designed by Olmstead, the estate is a true diamond in the rough. The winding driveway brings you past the carriage house to the elegant main house which is in need of a major renovation. The property could be brought back to it former glory and would make a fantastic family compound with privacy and room for further expansion, or the land could be developed and/or subdivided for higher-density housing. East Avenue is the perfect location for 1st or 2nd homes with it's proximity to the Pawcatuck River, the Village of Watch Hill and all the beautiful surrounding beaches. The combined properties have over 600-feet of road frontage, with existing stone walls and sidewalks on the street. Please contact us for concept plans for a 30-unit development.