Tucked along the quiet waters of Colonel Willie's Cove in the heart of Avondale, this rare waterfront compound blends coastal charm, boating lifestyle, and untapped potential. Spanning 0.82 acres with three distinct structures, the property offers character and opportunity at every turn. The standout is the enchanting Boathouse-a handcrafted post-and-beam retreat perched just above the shoreline. Built by a premier Watch Hill builder, it captures sweeping western views of Watch Hill, Fishers Island, and Little Narragansett Bay. A deep-water dock and private boat launch provide seamless access to open water and a true saltwater lifestyle. Set back from the shore, the main house offers a blank canvas for reimagining. Midway, a 2007-built carriage house features a two-car garage with a spacious bonus room above-ideal for guest quarters, a studio, or a home office. Located on a peaceful cul-de-sac in one of Westerly's most beloved neighborhoods, the home is moments from Avondale Farm Preserve and a short ride to Watch Hill's beaches and village charm. Whether you choose to renovate, rebuild, or enjoy the existing structures as-is, this is a rare chance to own a waterfront sanctuary in one of coastal Rhode Island's most treasured enclaves.