$7,500,000 Price Analysis    ♡   Newport, RI 02840 4 bed 6 bath 5,424 SqFt ($1382/SqFt) 0.48 acre lot. Built 2001 Listed 2024-03-28, Taxes $40,666 | Ⓧ USDA Ineligible due to price & location near Newport |
Enjoy this summer season from the front row of Newports famed Ocean Drive in this newly priced coastal showstopper!
* Sale Pending *Ocean Mist sits on a near half-acre of lush landscaping and conveys with deeded rights to a private beach a few steps away. Curated outdoor space has custom stonework, large private pergola-covered deck w/ trellis, awning, kitchen and mahogany bar perfect for coffee or cocktails. The travertine patio is gas plumbed with spa, shower, waterfall and koi pond. Built for both relaxation and entertaining, the sunset facing, light-filled rooms have sweeping, unobstructed views of breaking waves against the rugged Atlantic Ocean shoreline and plenty of nautical ctivity.
Luxurious amenities throughout: grand staircase, high ceilings, elegantly curved walls, hardwood flooring, handmade built-ins and cabinetry. A wood paneled elevator services all levels. 4 bedrooms, 5 baths, open concept true chef's kitchen/living/dining area, 3 fireplaces and exceptional room with full wet bar and covered porch. The primary suite has incredible ocean views, 2 full baths, sitting room and cupola for meditation or exercise. Large ensuite bedrooms have vaulted ceilings, ocean view porch and balcony. A sunny walk out lower level is designed to customize as a private guest room with bath, live-in suite, gym, entertainment area or exceptional home office. A gated entrance, heated three car garage, paver driveway w/ ample parking and exceptional mechanicals make Ocean Mist a joy to own.
Presented by Anne Burns at
LILA DELMAN REAL ESTATE.
Property MLS #1355278 from StateWide
Basement Features: Bathroom, Bedroom(s), Office, Storage Area, Utility
Basement Description: Partial, Partially Finished, Access: Walkout
Full Bathrooms: 5
1/2 Bathrooms: 1
Attic Storage
Cathedral Ceilings
Cedar Closet
Skylight
Stairs
Wet Bar
Fireplace Features: Gas
Heating Features: Central Air, Gas Connected, Radiant Heat, Zoned
Heating Fuel: Gas
Number of Fireplaces: 3
Water Heaters: Gas, Tank
Lot Size Acres: 0.4752
Lot Size Square Feet: 20700
Garage Description: Door Opener, Integral
Parking Total: 8
Source Listing Status: Pending
County: Newport
Tax Year: 2023
Source Property Type: Single Family
Inclusions: Full time Newport resident tax deduction of $1, 977. Architectural drawings show square footage of home is 5, 424, prior to the installation of the elevator. Seller is working with City tax assessor to adjust the public record showing square footage of 6, 030. Exterior security cameras on premises.
Source Neighborhood: Castle Hill/Ocean Drive
Zoning: R40A
Property Subtype: Contemporary
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $2,028,500 + $2,203,100 $4,231,600 | $40,666 |
| 2021 | $2,028,500 + $2,203,100 $4,231,600 | $39,481 |
| 2020 | $1,727,600 + $1,859,300 $3,586,900 | $36,873 |
| 2019 | $1,727,600 + $1,859,300 $3,586,900 | $36,873 |
| 2018 | $1,727,600 + $1,859,300 $3,586,900 | $35,833 |
| 2017 | $1,576,200 + $1,562,200 $3,138,400 | $35,181 |
| 2016 | $1,576,200 + $1,562,200 $3,138,400 | $34,303 |
| 2015 | $1,576,200 + $1,562,200 $3,138,400 | $33,487 |
| 2014 | $1,383,500 + $976,400 $2,359,900 | $28,460 |
| 2013 | $1,383,500 + $976,400 $2,359,900 | $27,634 |
$7,500,000
StateWide
Listed 2024-03-28
$8,250,000
StateWide
Listing removed 2024-01-21
$0
StateWide
Listed 2023-09-08
$8,750,000
StateWide
Sold 1998-08-03
$485,000
Public Record
Year Built: 2001
Building Exterior Type: Balcony, Clapboard, Deck, Insulated Glass Windows, Masonry, Patio, Porch, Shingles, Storm Door, Storm Window, Wood
Insulation: Ceiling, Floors, Walls
Property Age: 23
Levels or Stories: 3
Total Above Grade Sqft Area: 5424
Walls: Plaster
Elevator: Yes
Sewer: Septic System
Water Source: Connected, Municipal
Flat Thresholds
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.