Rhode Island waterfront social club lists for $9.75m after $1.2m price cut

A historic waterfront property in Narragansett, Rhode Island, is drawing attention after a $1.2 million reduction in its asking price. Known as the Reading Room, the five-bedroom residence combines Victorian-era architecture, expansive views of Narragansett Bay and a history stretching back to the resort town’s Gilded Age social scene. According to Realtor dot com, which reported the price reduction on October 18, 2026, the property is now listed for $9.75 million, down from its original asking price of $10.95 million. Coverage by The Boston Globe and Boston dot com has also highlighted the home’s return to the market after more than five decades, with the property located beside the historic Narragansett Towers.A historic building with an unusual pastBuilt in 1880, the Reading Room originally served as a private social club where men gathered to read and smoke cigars.