
288 Russells Mills Rd Dartmouth — Photo 1 of 37
$2,795,000
Investment Analysis — 288 Russells Mills Rd
Dartmouth, MA 02748 — South Dartmouth
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 5-bedroom in 02748 carries an estimated $2,830/mo in gross rent — about a 0.63% cap rate and $17,736/yr in estimated NOI at the $2,795,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,185
Style
Single Family
Built
1850
Some homes simply occupy a place. Others become part of its story. Set amid the quiet beauty of South Dartmouth, Seathrift is decidedly the latter—a landmark property whose history is intertwined with the maritime heritage, architecture and enduring character of this distinctive corner of coastal New England. Following an extensive renovation, the home has emerged as a sophisticated marriage of historic architecture and contemporary luxury. The character that gives Seathrift its soul remains, while its interiors have been thoughtfully reimagined for the way we live today. Modern conveniences, beautifully considered finishes and refined spaces coexist naturally with the craftsmanship and architectural details of the original house. Surrounded by mature landscaping and considerable privacy, the property feels wonderfully removed from the everyday. An in-ground swimming pool creates a private summer retreat, while the fabulous barn and additional historic outbuildings add character, versatility and an unmistakable sense of place. Beyond the grounds are distant views toward Padanaram Harbor, an ever-present reminder that the sea has shaped life here for generations.Perhaps most evocative of all is the property's shared access to the harbor, opening the door to the rhythms of coastal living—launching a kayak on a quiet morning, heading out on the water, or simply enjoying the salt air and changing light that make South Dartmouth so captivating.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,185 sq ft principal dwelling). Lot size: 214,315 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Neighborhood
Conservation Area • Marina • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: William J. Milbury
Listing Office: Milbury and Company
MLS® Number: 73572405
