Calling Investors, Design/Build companies, and those with vision of a truly special location that is 204 Spencer Avenue. Revered by Rhode Island Magazine as one of the Top 10 streets to live, this tree lined lane is steps to downtown East Greenwich and one of the select few properties that offers water views as well as sewer connection. Framed by stone walls on just over .6 acre, this iconic home presents a rare opportunity to restore or reimagine a true Cowesett landmark. A circular brick-paved driveway greets you to a charming covered front porch. Inside, a breathtaking foyer sets the tone with a grand staircase, soaring two-story windows, hardwoods and an intricately carved fireplace. Rich period details continue throughout, including original millwork, ornate trim. Gracious living spaces include a formal living room with reading nook and an impressive 20-foot dining room overlooking the private grounds and wraparound deck. The upper levels offer multiple bedrooms, baths, and abundant architectural character with sun-filled nooks, oversized windows, and views stretching toward Narragansett Bay. Set on sweeping, beautifully landscaped grounds with mature gardens and trees, the property feels like a private estate, yet close to it all. A detached three-car garage adds exceptional flexibility and potential ADU. With significant renovations and new constructions happening nearby right now, this property is a smart buy for the luxury investor or the long term hold.