Welcome to this beautifully renovated second-floor condo in the heart of Newport’s historic Yachting Village on desirable Thames Street. This classic 2-bedroom, 1-bath unit offers an inviting open floor plan perfect for comfortable living and entertaining. The custom designer kitchen shines with stainless-steel appliances, beautiful inset cabinetry, quartz countertops, a cozy breakfast bar, and a large quartz island in the dining area. Hickory hardwood flooring flows throughout. The stunning designer bathroom features an open shower and radiant heat flooring for added luxury. Fully equipped with a mini-split system for efficient central heating and cooling. Step out onto your private balcony to enjoy breathtaking sunsets and panoramic views of Newport Harbor, all while overlooking the vibrant energy of downtown Thames Street. Just steps from world-class restaurants, shops, and attractions, this location can’t be beat. Additional highlights include one assigned off-street parking space and low condo fees—a high-yield investment opportunity with a solid rental track record.
Sold for $795,000
$795,000
492 Thames St Unit 3, Newport, RI 02840
2beds
740sqft
Condominium
Built in 1990
-- sqft lot
$795,300 Zestimate®
$1,074/sqft
$2,789 Estimated rent
Home value
$795,300
$724,000 - $875,000
$2,789/mo
Zestimate® history
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$4,038/mo
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Est. payment
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List your homeWhat's special
Stunning designer bathroomBeautiful inset cabinetryRadiant heat flooringCustom designer kitchenQuartz countertopsBeautifully renovated second-floor condoCozy breakfast bar
Zillow last checked:
Listing updated:
Listed by:
Bev Cloutier 401-265-3703,
REMAX Revolution
Bought with:
Heather Mason, RES.0047589
SERHANT.
Source: StateWide MLS RI,MLS#: 1411484
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Level: First
Other
- Level: First
Other
- Level: First
Dining area
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric, Heat Pump
Cooling
- Has cooling: Yes
Appliances
- Included: Electric Water Heater, Dishwasher, Dryer, Exhaust Fan, Disposal, Range Hood, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls), Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 740
- Total interior livable area: 740 sqft
- Finished area above ground: 740
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: No Garage, Assigned, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: Second Floor Access
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Walk to Salt Water
Lot
- Features: Paved
Details
- Parcel number: NEWPM032B0193L3
- Zoning: R23
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Dry Wall, Other Siding, Vinyl Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Individual Meter, Municipal, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Yachting Village
HOA & financial
HOA
- Has HOA: No
- HOA fee: $180 monthly
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Sold | $795,000$1,074/sqft |
Source:  StateWide MLS RI #1411484 Report a problem | ||
| 5/9/2026 | Pending sale | $795,000$1,074/sqft |
Source: StateWide MLS RI #1411484 Report a problem | ||
| 5/1/2026 | Listed for sale | $795,000+57.4%$1,074/sqft |
Source: StateWide MLS RI #1411484 Report a problem | ||
| 2/27/2025 | Listing removed | $3,500$5/sqft |
Source:  HomeSmart Report a problem | ||
| 2/19/2025 | Listed for rent | $3,500$5/sqft |
Source: HomeSmart Report a problem | ||
| 3/3/2024 | Listing removed | -- |
Source: HomeSmart Report a problem | ||
| 2/1/2024 | Listed for rent | $3,500-56.3%$5/sqft |
Source: HomeSmart Report a problem | ||
| 4/26/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/5/2023 | Listed for rent | $8,000+60%$11/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/3/2023 | Price change | $5,000-37.5%$7/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2022 | Listed for rent | $8,000+33.3%$11/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/14/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/14/2022 | Price change | $6,000-14.3%$8/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/10/2022 | Price change | $7,000-6.7%$9/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/2/2022 | Price change | $7,500-6.3%$10/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/12/2022 | Listed for rent | $8,000+400%$11/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/14/2021 | Sold | $505,000+5.2%$682/sqft |
Source: StateWide MLS RI #1277635 Report a problem | ||
| 4/19/2021 | Pending sale | $480,000$649/sqft |
Source: StateWide MLS RI #1277635 Report a problem | ||
| 3/22/2021 | Contingent | $480,000$649/sqft |
Source: StateWide MLS RI #1277635 Report a problem | ||
| 3/18/2021 | Listed for sale | $480,000+60%$649/sqft |
Source: StateWide MLS RI #1277635 Report a problem | ||
| 1/29/2015 | Listing removed | $1,600$2/sqft |
Source: William Raveis Report a problem | ||
| 11/30/2014 | Listed for rent | $1,600+14.3%$2/sqft |
Source: William Raveis Report a problem | ||
| 8/1/2013 | Listing removed | $1,400$2/sqft |
Source: William Raveis Report a problem | ||
| 6/6/2013 | Listed for rent | $1,400$2/sqft |
Source: William Raveis Report a problem | ||
| 10/6/2006 | Sold | $300,000+19.5%$405/sqft |
Source: Public Record Report a problem | ||
| 6/2/2004 | Sold | $251,000+1.4%$339/sqft |
Source: Public Record Report a problem | ||
| 9/18/2003 | Sold | $247,500+209.4%$334/sqft |
Source: Public Record Report a problem | ||
| 6/24/1992 | Sold | $80,000$108/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,158 +5.7% | $478,500 |
| 2024 | $3,933 +27.4% | $478,500 +48.9% |
| 2023 | $3,088 | $321,300 |
| 2022 | $3,088 +3% | $321,300 |
| 2021 | $2,998 +5.5% | $321,300 +16.2% |
| 2020 | $2,843 | $276,600 |
| 2019 | $2,843 +2.9% | $276,600 |
| 2018 | $2,763 -10.9% | $276,600 |
| 2017 | $3,101 +2.6% | $276,600 |
| 2016 | $3,023 +2.4% | $276,600 |
| 2015 | $2,951 -7% | $276,600 +5.2% |
| 2014 | $3,172 +6.2% | $263,000 |
| 2012 | $2,988 -5.4% | $263,000 -17.3% |
| 2011 | $3,160 +3.9% | $318,200 |
| 2010 | $3,042 +0.4% | $318,200 |
| 2009 | $3,029 +11.2% | $318,200 +1.3% |
| 2008 | $2,723 +3.9% | $314,100 |
| 2007 | $2,620 | $314,100 |
Find assessor info on the county website
Neighborhood: Harbor/Lower Thames
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.9 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 0.8 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 2.1 mi
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Estimated market value
$795,300
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Estimated market value
$795,300
- Rhode Island
- Newport County
- Newport
- 02840
- Harbor/Lower Thames
- 492 Thames St Unit 3
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