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For sale
    • $7,850,000

    315 Ocean Ave, Newport, RI 02840

    4beds
    4,593sqft
    : 
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    Single Family Residence
    Built in 1982
    3.71 Acres Lot
    $-- Zestimate®
    $1,709/sqft
    $-- HOA

    What's special

    Two-car garageWood-burning fireplaceOcean viewsCaptivating enclosed porchCharming kitchenCedar closetVaulted ceilings
    “Twin Ledges” located on historic Ocean Drive, is a charming seaside retreat, offering privacy and seclusion, nestled within beautifully landscaped grounds, expansive lawns and ocean views. The shingled-style residence, custom built in 1982, sits on nearly four acres and features four levels of finished living space, designed to maximize natural light and scenic vistas. The main level offers a spacious living and dining area with an open, airy feel highlighted by vaulted ceilings, a wood-burning fireplace, and large windows that frame the surrounding landscape. A charming kitchen provides convenience while maintaining the home's open layout. The living space flows seamlessly to captivating, enclosed porch - perfect for gathering with family and guests while enjoying the coastal setting. Two bedrooms, a full bath and powder room complete this level. The top floor's primary en-suite bedroom boasts its own wood-burning fireplace and lovely views of the ocean. The finished lower level offers comfortable living space, complimented by a steam shower, wine cellar, and cedar closet with direct access to the heated saltwater pool. A two-car garage includes an elegant one-bedroom in-law suite above, connected to the main residence by a classic porte-cochere.
    126 days
    |
    2,445
    |
    85
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tina Wiley 401-849-3000,

    Gustave White Sotheby's Realty

    Source: StateWide MLS RI,MLS#: 1406341MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Bathroom
      • Features: Bath w Shower Stall, Bath w Tub & Shower
      Heating
      • Oil, Forced Water, Zoned
      Cooling
      • Central Air, Ductless
      Appliances
      • Included: Dishwasher, Dryer, Exhaust Fan, Disposal, Microwave, Oven/Range, Refrigerator, Trash Compactor
      Features
      • Wall (Dry Wall), Cedar Closet(s)(s), Stairs, Plumbing (Mixed), Insulation (Unknown), Central Vacuum, Sauna
      • Flooring: Ceramic Tile, Hardwood, Carpet
      • Basement: Full,Walk-Out Access,Finished,Bath/Stubbed,Family Room,Storage Space,Utility,Wine Cellar
      • Number of fireplaces: 2
      • Fireplace features: Brick
      Interior area
      • Total structure area: 3,228
      • Total interior livable area: 4,593 sqft
      • Finished area above ground: 3,228
      • Finished area below ground: 1,365

      Property

      Parking
      • Total spaces: 8
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Patio & porch: Patio, Porch
      • Pool features: In Ground, Salt Water
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Walk to Salt Water, Walk To Water
      Lot
      • Size: 3.71 Acres
      • Features: Local Historic District
      Details
      • Parcel number: NEWPM043B0044
      • Zoning: R160
      • Other equipment: Cable TV, Sauna

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Dry Wall, Shingles, Wood
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Electric: 200+ Amp Service, Circuit Breakers
      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Water Connected, Underground Utilities

      Community & HOA

      Community
      • Features: Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming
      • Security: Security System Owned
      • Subdivision: Ocean Drive
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $1,709/sqft
      • Tax assessed value: $7,218,700
      • Annual tax amount: $48,281
      • Date on market: 3/12/2026
      • Inclusions: Taxes calculated at 2025/2026 non-resident rate.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/12/2026Listed for sale$7,850,000-9.8%$1,709/sqft
        Source: StateWide MLS RI #1406341 Report a problem
        12/6/2025Listing removed$8,700,000$1,894/sqft
        Source: StateWide MLS RI #1390521 Report a problem
        7/25/2025Listed for sale$8,700,000$1,894/sqft
        Source: StateWide MLS RI #1390521 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$62,723 +5.7%$7,218,700
        2024$59,338 +17.8%$7,218,700 +37.7%
        2023$50,383 $5,242,800
        2022$50,383 +3%$5,242,800
        2021$48,915 +6.5%$5,242,800 +17.3%
        2020$45,950 $4,469,800
        2019$45,950 +2.9%$4,469,800
        2018$44,653 -1.6%$4,469,800 +10.4%
        2017$45,388 +2.6%$4,048,900
        2016$44,254 +2.4%$4,048,900
        2015$43,202 +15.6%$4,048,900 +30.7%
        2014$37,361 +17.2%$3,097,900 +10.4%
        2012$31,870 -3.8%$2,805,500 -15.9%
        2011$33,125 +3.9%$3,335,900
        2010$31,891 -41.8%$3,335,900 -42%
        2009$54,768 +13.4%$5,752,900 +3.2%
        2008$48,314 +4%$5,572,600
        2007$46,475 +4%$5,572,600
        2006$44,692 -21.4%$5,572,600 +40%
        2005$56,888 +11.2%$3,981,000
        2002$51,156 $3,981,000
        Find assessor info on the county website

        Monthly payment

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        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: Ocean Drive

        Getting around

        5 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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