Incredible Waterfront Opportunity to Renovate or Build a new home on a Spectacular, Unique piece of property located on Ocean Avenue. The original Mid-Century Modern home is perched on the hill overlooking Lily Pond & 200 feet across from Gooseberry Beach. You have the best of both worlds with views of the crashing waves of the Atlantic Ocean along with the Swans and the wildlife of Lily Pond. The 3 bedrooms, 3.5 bath home with a pool is designed to be engaged with Nature and the beauty of the outside. It has many oversize windows and numerous doorways to the outside pool patio area w/extraordinary sunset views. The living room/great room w/fireplace overlooks Lily Pond & French doors lead to the pool & grill area. The updated kitchen has granite counters and stainless appliances. The circular floor plan lends to a great family space perfect for entertaining & family get togethers. The Primary has its own private deck area with high views overlooking the ocean, pool and the pond. Located on 2 acres of land with mature trees and landscape as well as many garden areas. The rolling lot has higher views from behind the 2-car garage. Walk down to the Lily Pond through the secret gardens for a closer view of the wildlife. The house is in need of renovation or can be taken down. The seller is including HDC and CRMC Approved architectural plans as well as a certificate from City of Newport to demolish the home. The lot is private and serene yet close to all that Newport has to offer.
Sold for $5,200,000
$5,200,000
123 Ocean Ave, Newport, RI 02840
3beds
2,950sqft
Single Family Residence
Built in 1952
2 Acres Lot
$6,971,100 Zestimate®
$1,763/sqft
$6,805 Estimated rent
Home value
$6,971,100
$6.13M - $7.95M
$6,805/mo
Zestimate® history
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List your homeWhat's special
Great family spaceUpdated kitchenOversize windowsGranite countersFrench doorsMid-century modern homeCircular floor plan
Zillow last checked:
Listing updated:
Listed by:
Edith Cushing 401-862-7703,
RE/MAX Profnl. Newport, Inc.
Bought with:
Joseph Paolino, REB.0006945
Paolino Properties
Source: StateWide MLS RI,MLS#: 1350565
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Electric, Oil, Baseboard, Forced Water, Individual Control, Other, Zoned
Cooling
- None
Appliances
- Included: Electric Water Heater, Dishwasher, Exhaust Fan, Disposal, Range Hood, Oven/Range, Refrigerator
Features
- Wall (Dry Wall), Cathedral Ceiling(s), Cedar Closet(s), Skylight, Stairs, Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Ceramic Tile, Carpet
- Doors: Storm Door(s)
- Windows: Insulated Windows, Skylight(s)
- Basement: Partial,Bulkhead,Unfinished,Utility
- Number of fireplaces: 1
- Fireplace features: Stone
Interior area
- Total structure area: 2,950
- Total interior livable area: 2,950 sqft
- Finished area above ground: 2,950
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Detached, Garage Door Opener, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
- Exterior features: Balcony, Breezeway
- Pool features: In Ground
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Flood Insurance, Freshwater Front, Walk to Fresh Water, Walk to Salt Water, Walk To Water
Lot
- Size: 2 Acres
- Features: Local Historic District, Paved, Wooded
Details
- Additional structures: Outbuilding
- Parcel number: NEWPM041B0344
- Zoning: R120
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Dry Wall, Shingles, Wood
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Sewer: Septic Tank
- Water: Individual Meter, Municipal
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Ocean Drive
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2024 | Sold | $5,200,000-20%$1,763/sqft |
Source:  StateWide MLS RI #1350565 Report a problem | ||
| 2/29/2024 | Pending sale | $6,499,000$2,203/sqft |
Source: StateWide MLS RI #1350565 Report a problem | ||
| 1/23/2024 | Contingent | $6,499,000$2,203/sqft |
Source: StateWide MLS RI #1350565 Report a problem | ||
| 1/9/2024 | Listed for sale | $6,499,000$2,203/sqft |
Source: StateWide MLS RI #1350565 Report a problem | ||
| 1/2/2024 | Listing removed | -- |
Source: StateWide MLS RI #1338988 Report a problem | ||
| 11/6/2023 | Price change | $6,499,000-18.7%$2,203/sqft |
Source: StateWide MLS RI #1338988 Report a problem | ||
| 7/6/2023 | Listed for sale | $7,995,000+79.7%$2,710/sqft |
Source: StateWide MLS RI #1338988 Report a problem | ||
| 9/9/2020 | Sold | $4,450,000-10.1%$1,508/sqft |
Source: StateWide MLS RI #1251132 Report a problem | ||
| 4/25/2019 | Listed for sale | $4,950,000-10%$1,678/sqft |
Source: Lila Delman Real Estate #1220988 Report a problem | ||
| 12/5/2018 | Listing removed | $5,500,000$1,864/sqft |
Source: Gustave White Sotheby's International Realty #1160995 Report a problem | ||
| 5/18/2017 | Listed for sale | $5,500,000$1,864/sqft |
Source: Gustave White Sotheby's Realty #1160995 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $55,886 +5.7% | $6,431,800 |
| 2024 | $52,869 +27.2% | $6,431,800 +48.7% |
| 2023 | $41,560 | $4,324,700 |
| 2022 | $41,560 +3% | $4,324,700 |
| 2021 | $40,349 +64.2% | $4,324,700 +80.9% |
| 2020 | $24,575 | $2,390,600 |
| 2019 | $24,575 +2.9% | $2,390,600 |
| 2018 | $23,882 +8% | $2,390,600 +21.1% |
| 2017 | $22,123 +2.6% | $1,973,500 |
| 2016 | $21,570 +2.4% | $1,973,500 |
| 2015 | $21,057 +14.5% | $1,973,500 +29.4% |
| 2014 | $18,389 +6.2% | $1,524,800 |
| 2012 | $17,322 -3.8% | $1,524,800 -15.9% |
| 2011 | $18,012 +3.9% | $1,813,900 |
| 2010 | $17,341 +0.4% | $1,813,900 |
| 2009 | $17,268 +5.3% | $1,813,900 -4.1% |
| 2008 | $16,392 +6.6% | $1,890,600 +2.5% |
| 2007 | $15,382 +4% | $1,844,400 |
| 2006 | $14,792 -27.2% | $1,844,400 +29.6% |
| 2005 | $20,329 +11.2% | $1,422,600 |
| 2002 | $18,280 | $1,422,600 |
Find assessor info on the county website
Neighborhood: Lily/Almy Pond
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 2.2 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 0.5 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 3.4 mi
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Estimated market value
$6,971,100
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Estimated market value
$6,971,100
- Rhode Island
- Newport County
- Newport
- 02840
- Lily/Almy Pond
- 123 Ocean Ave
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