$29,999,000 339 Ocean Avenue Newport, RI

MLS: 1266657   Type: Single Family   County: Newport   City: Newport   Neighborhood: Ocean Drive   Zip: 02840   # Rooms: 13    Stories: 3   Taxes: $158,834

Mortgage $140,840 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

7

6

3

8,027

45.91

2008

'SEAWARD' - EXTRAORDINARY OPPORTUNITY TO ACQUIRE A RARE AND EXPANSIVE 45-ACRE COMPOUND ON NEWPORT'S RENOWNED OCEAN DRIVE. **RECENTLY APPROVED SUBDIVISION** Views that only the most fortunate can enjoy each and every day, with sunrises over pristine Price's Neck Cove and ocean panoramas as far as Block Island. Constructed over a four-year period, two residences were completed in 2008 with the highest caliber of craftsmanship and design. At 45.91 acres, an enormous building envelope offers the opportunity to construct a family compound. The first residence (4 bedrooms, 4.2 baths) features a thoughtful layout, including a stunning commercial grade chef's kitchen that accesses the patio. The guest/caretaker's cottage (3 bedrooms, 2.1 baths) provides additional space for friends and family. Each enjoys its own distinct and unforgettable view of the sea and spectacular surroundings. Relax at the infinity-edge pool, with its sweeping ocean views. Incredible space for outdoor entertaining. Formerly known as the 'Avalon' estate, the property was owned by the Van Alens, who founded the International Tennis Hall of Fame, one of Newport's beloved cultural institutions. Private, with gated entry & exceptional acreage, yet minutes from Newport’s beautiful beaches, waterfront, restaurants, shops & activities. Via permit, potential for one or two coveted Price's Neck moorings. Enjoy linked property video tour. Property offered 3 ways: see MLS#1266658 & 1266659

Elementary School

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Price History

10/10/2020 Listed $35,000,000
6/28/2021 6% - $33,000,000
8/3/2021 10% - $29,999,000

Appliances Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater, Washer
Architectural Style Other
Attached Garage Yes
Basement Exterior Entry, Full, Finished, Interior Entry
Co-Listing Agent State License # REB.0018697
Community Features Golf, Marina, Near Hospital, Near Schools, Recreation Area, Shopping, Tennis Court(s)
Construction Materials Plaster, Wood Siding, Masonry
Cooling Central Air
Electric 200+ Amp Service, Circuit Breakers, Generator
Exterior Features Patio, Barbecue, Sprinkler/Irrigation, Paved Driveway
Flooring Hardwood, Marble, Carpet
Garage Spaces 2
Garage Y/N Yes
Heating Hydro Air, Oil
Interior Features Attic, Wet Bar, Bathtub, Cathedral Ceiling(s), Tub Shower, Cable TV
Land Lease Y/N No
Levels Three Or More
Listing Agent State License RES.0033826
Other Structures Guest House
Patio/Porch Features Patio
Pool Features In Ground
Property Sub Type Additional Single Family Residence
Property SubType Single Family Residence
Property Type Residential
Security Features Security System Owned
Senior Community Y/N No
Sewer Septic Tank
Spa Features Hot Tub
Status Active
Stories 3
Subdivision Name OCEAN DRIVE
Total Rooms 13
Utilities Underground Utilities
View Water
Virtual Tour https://vimeo.com/466685934
Waterfront Features Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
Zoning R160+120

Interior Features

Above Grade Finished Area 8027
Air Conditioning Y/N Yes
Below Grade Finished Area 0
Fireplace Features Stone
Fireplace Y/N Yes
Full Baths 6
Half Baths 3
Heating Y/N Yes
Living Area 8027
Total Baths 9
Total Bedrooms 7
Total Fireplaces 3
Window Features Storm Window(s), Thermal Windows

Exterior Features

Covered Spaces 2
Door Features Storm Door(s)
Fencing Security
Foundation Details Concrete Perimeter
Lot Features Multiple lots, Private, Secluded, Sprinkler System, Wooded, Waterfront
Lot Size Acres 45.91
Lot Size Area 1999839
Lot Size Square Feet 1999839
Lot Size Units Square Feet
Parking Features Attached, Garage
Spa Yes
Total Parking 12
View Y/N Yes
Water Source Connected, Public
Waterfront Y/N Yes

Property Schools



Direct Link:

https://www.albertrealtors.com/property/18-1266657-339-Ocean-Avenue-Newport-RI-02840

Gallery (45 photos)

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Property vs Zip Code Avg (02840)

Price 29.9M Avg 3.47M

Sqr Feet 8,027 Avg 4,751

Cost / Sqr Ft $3,737 Avg $732

Taxes $158,834 Avg $17,752

Acres 45.91 Avg 1.96

Visits 437 Avg 51

Days on Site 343 Avg 99

Walkscore® 2 Avg 58

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Lila Delman Compass




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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI
401-246-8693
401-944-3448