Spectrum REC Purchases Sunset Cove Mobile Home Park on Bowdish Lake For $1.2M

On Christmas Eve 2025, Spectrum Real Estate Consultants' Pete Dufresne and Shana Boyer closed on a unique investment property in Rhode Island that represents far more than just another transaction. Sunset Cove Mobile Home Park in Glocester—a 2.72-acre lakefront property on Bowdish Lake—marks a long-term investment in community revitalization, thoughtful development, and sustainable property management.

For 50 years, Sunset Cove has been run by the same family. Now, as the property transitions to new ownership, Pete and Shana are bringing a vision that balances modernization with respect for current residents and the natural beauty that makes this location special.

This is what strategic commercial real estate investment looks like in Northern Rhode Island—identifying underutilized assets, creating value through careful renovation, and building something meaningful for the long term.

Sunset Cove Mobile Home Park on the shores of Bowdish Lake, Glocester, RI

The Property: Lakefront Living Meets Investment Opportunity

Located at 2267 Putnam Pike in Glocester's Chepachet village, Sunset Cove sits directly on the shores of Bowdish Lake and abuts the George Washington Management Area—one of Rhode Island's most treasured natural spaces. The property features 10 mobile home sites, eight site-built cabins, and up to 18 total approved rental units, plus a charming cottage built in 1930 for owner occupation.

As the original listing described it: "Picture yourself enjoying the gorgeous sunsets, boating and fishing right from your back door." That's not marketing hyperbole—it's the genuine appeal of this unique investment property.

For Pete and Shana, the acquisition represents the kind of opportunity that rarely becomes available: a property with strong bones, incredible natural setting, and genuine potential for transformation through thoughtful renovation and infrastructure improvements.

The Vision: Renovation, Not Displacement

When Pete Dufresne and Shana Boyer appeared before the Glocester Town Council in September to request the business license transfer, they were clear about their intentions: rebuild and replace the existing mobile homes with new units, improve the park's aesthetics, and upgrade critical infrastructure—all while working with current residents rather than displacing them.

At the time of the license transfer hearing, only around four of the ten mobile home sites were occupied. Pete and Shana told councilors they planned to work with current residents and allow time for thoughtful renovations—an approach that reflects their commitment to responsible property management and community-focused development.

Sunset Cove, Chepachet RI

The renovation plan includes significant infrastructure upgrades—septic system improvements, water system work, and other critical improvements coordinated with the Rhode Island Department of Environmental Management to ensure all work meets current environmental and engineering standards.

This isn't about quick flips or fast returns. It's about creating a sustainable, high-quality rental property community on one of Rhode Island's most beautiful lakes—one that honors the 50 years of family management that came before while building something even better for the future.

Why Glocester? Why Bowdish Lake?

Glocester represents one of Northern Rhode Island's hidden gems—a town where natural beauty, outdoor recreation, and small-town character create genuine quality of life. Bowdish Lake, a 178-acre freshwater lake, offers year-round recreation including boating, fishing, swimming, and ice fishing in winter. The adjacent George Washington Management Area provides thousands of acres of hiking, hunting, and wildlife viewing opportunities.

For investors who understand commercial real estate in Rhode Island, lakefront property with development potential represents a rare opportunity. Waterfront access, recreational amenities, and the natural draw of Bowdish Lake create inherent value that only appreciates over time.

Bowdish Lake waterfront access and proximity to George Washington Management Area

Pete Dufresne, who serves as team leader for Spectrum Real Estate Consultants and owns rental property throughout Northern Rhode Island, understands the long-term value of strategic property acquisition in communities like Glocester. This isn't just about one mobile home park—it's about recognizing underutilized assets and creating sustainable value through professional management and strategic improvement.

The Acquisition: From $1.45 Million Listing to $1.2 Million Closing

Putnam Pike Exchange, LLC—managed by Pete Dufresne and Shana Boyer—purchased Sunset Cove Mobile Home Park from Sunset Cove Properties LLC for $1.2 million in a sale finalized on December 24, 2025. The property had been marketed earlier in the year for $1.45 million, and the final negotiated price reflects both the opportunity Pete and Shana saw and the work required to bring the property to its full potential.

Janice Lowell, the manager of Sunset Cove Properties LLC whose family had owned the park for decades, worked with Pete and Shana through the town council approval process before finalizing the sale. The Glocester Town Council approved the license transfer with the understanding that it would be reissued and renamed upon receipt of required documents.

The transaction represents exactly the kind of commercial property deal that Spectrum Real Estate Consultants specializes in—identifying unique opportunities, navigating local approval processes, and structuring acquisitions that create long-term value for investors.

What This Means for Investment Property in Northern Rhode Island

Sunset Cove represents a broader trend in Northern Rhode Island commercial real estate: savvy investors are recognizing opportunities in properties that require vision, capital improvement, and professional management to reach their full potential.

Mobile home parks, when properly managed and improved, offer compelling investment characteristics:

Stable cash flow: Rental income from multiple units provides diversified revenue streams

Affordable housing need: Rhode Island faces significant demand for quality affordable housing options

Value-add potential: Infrastructure improvements and unit upgrades create forced appreciation

Unique locations: Lakefront and recreational amenities create inherent demand

Management expertise matters: Professional property management maximizes returns while maintaining community quality

Pete Dufresne and Shana Boyer visiting Sunset Cove, Chepachet RI

For investors exploring commercial property for sale in Rhode Island, this acquisition demonstrates what's possible when you combine local market knowledge, capital improvement vision, and commitment to responsible property management.

Spectrum's Approach to Commercial Investment Properties

The Sunset Cove acquisition reflects Spectrum Real Estate Consultants' broader expertise in investment property transactions across Rhode Island, Massachusetts, and Connecticut. Whether working with buyers seeking multi-family homes in Rhode Island, commercial buildings, or unique assets like mobile home parks, the team brings a consistent approach:

Identify underutilized assets where vision and capital improvement create value

Navigate local approvals and regulatory requirements professionally

Structure acquisitions that balance purchase price with improvement costs

Focus on long-term value creation rather than quick flips

Prioritize responsible management that benefits communities and residents

Pete's experience owning rental property throughout Northern Rhode Island gives Spectrum clients access to real-world investor perspective—not just theoretical knowledge. When you work with agents who actively invest in the same markets they serve, you benefit from their firsthand understanding of what works, what doesn't, and where the opportunities really are.

Looking Ahead: The Future of Sunset Cove

The transformation of Sunset Cove will unfold over time—thoughtfully, strategically, and with respect for both the property's history and its future potential. Infrastructure improvements will come first, ensuring the foundation is solid. Then, unit-by-unit renovations will bring new quality housing to the park while working with existing residents to ensure smooth transitions.

The goal isn't to change what makes Sunset Cove special—its lakefront location, natural beauty, and sense of community. The goal is to enhance those qualities through professional management, modern infrastructure, and quality housing that serves Northern Rhode Island's need for affordable, well-maintained rental options in beautiful settings.

Sunset over Bowdish Lake—the view that gave Sunset Cove its name

For the Glocester community, this represents new investment and revitalization of a property that's been part of the local landscape for 50 years. For Pete and Shana, it represents a long-term commitment to building something meaningful. And for investors watching the Rhode Island commercial real estate market, it demonstrates what strategic, community-focused investment looks like in practice.

Interested in Commercial Real Estate Investment in Rhode Island?

Whether you're exploring multi-family properties, commercial buildings, mobile home parks, or other investment opportunities in Rhode Island, Spectrum Real Estate Consultants brings the expertise, market knowledge, and investor perspective to guide you toward smart acquisitions.

From Providence to Northern Rhode Island, from residential rentals to commercial assets, we help investors identify opportunities, navigate due diligence, structure deals, and build long-term wealth through strategic real estate investment.

If you're ready to explore commercial property for sale in Rhode Island, let's talk. We'll show you what's available, what's possible, and how to build a portfolio that creates sustainable value for the long term.

Commercial real estate RI | Investment property Rhode Island | Sell commercial property | Read more blogs