Nestled on a beautifully maintained corner lot in one of Middletown's established neighborhoods, this classic home offers an exceptional opportunity just 1.5 miles from Surfer's End and the area's renowned beaches. Set on a picturesque half-acre of rolling lawn, the property features mature landscaping, a charming stone wall, and a thriving vegetable garden and fantastic deck overlooking the yard. Inside, generous living spaces provide the perfect foundation for your vision. The first floor includes a spacious family room anchored by a cozy wood stove, an eat-in kitchen, formal dining room, formal living room, and a convenient powder room. Upstairs, three guest bedrooms share a full hallway bath, while the primary suite offers its own private full bath. Lovingly maintained over the years, this home is ready for its next chapter. With solid construction, a functional floor plan, and an unbeatable location close to beaches, shopping, schools, and downtown Newport, this is a rare opportunity to personalize a home with great bones in a highly desirable setting.
Under contract
$1,150,000
227 Prospect Ave, Middletown, RI 02842
4beds
2,220sqft
Single Family Residence
Built in 1987
0.58 Acres Lot
$1,167,500 Zestimate®
$518/sqft
$-- HOA
What's special
Cozy wood stoveCharming stone wallThree guest bedroomsSpacious family roomEat-in kitchenMature landscapingFormal dining room
- 6 days |
- 892 |
- 32 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rebecca King 401-849-3000,
Gustave White Sotheby's Realty
Source: StateWide MLS RI,MLS#: 1416346
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Oil, Forced Water
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Dryer, Disposal, Microwave, Oven/Range, Refrigerator, Washer
Features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Ceiling Fan(s)
- Flooring: Hardwood, Carpet
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility
- Attic: Attic Storage
- Number of fireplaces: 1
- Fireplace features: Brick
Interior area
- Total structure area: 2,220
- Total interior livable area: 2,220 sqft
- Finished area above ground: 2,220
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Attached, Garage Door Opener, Integral, Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
Lot
- Size: 0.58 Acres
- Features: Corner Lot, Sidewalks
Details
- Parcel number: MIDDM0120B00L622
- Zoning: R40
- Other equipment: Wood Stove
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Dry Wall, Clapboard, Wood
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Private, Well
- Utilities for property: Underground Utilities, Sewer Connected
Community & HOA
Community
- Features: Near Public Transport, Golf, Highway Access, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: River Run / Prospect
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $518/sqft
- Tax assessed value: $807,300
- Annual tax amount: $9,514
- Date on market: 6/25/2026
- Inclusions: Please note that the taxes noted are at the NON-resident tax rate.
Estimated market value
$1,167,500
$1.11M - $1.23M
$6,919/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2026 | Contingent | $1,150,000$518/sqft |
Source:  StateWide MLS RI #1416346 Report a problem | ||
| 6/25/2026 | Listed for sale | $1,150,000$518/sqft |
Source: StateWide MLS RI #1416346 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,090 | $807,300 |
| 2024 | $9,090 +39% | $807,300 +48.3% |
| 2023 | $6,541 | $544,200 |
| 2022 | $6,541 | $544,200 |
| 2021 | $6,541 -9.7% | $544,200 +6.4% |
| 2020 | $7,247 +0.2% | $511,300 |
| 2018 | $7,235 +2% | $511,300 +11.2% |
| 2016 | $7,093 +2.5% | $460,000 |
| 2015 | $6,918 -1.1% | $460,000 +5.7% |
| 2014 | $6,994 +2.3% | $435,200 |
| 2013 | $6,837 +2% | $435,200 |
| 2012 | $6,702 +15.3% | $435,200 |
| 2011 | $5,814 -13% | $435,200 -13% |
| 2010 | $6,684 +0.9% | $500,300 |
| 2009 | $6,624 +8.3% | $500,300 -10% |
| 2007 | $6,117 +3.9% | $555,600 |
| 2006 | $5,889 +1.3% | $555,600 +56.3% |
| 2005 | $5,811 +6.5% | $355,400 |
| 2004 | $5,455 | $355,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 10/10Aquidneck SchoolGrades: PK-3Distance: 0.4 mi
- 6/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.3 mi
- 6/10Middletown High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Rhode Island
- Newport County
- Middletown
- 02842
- 227 Prospect Ave
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