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Sold for $1,775,000
  • $1,775,000

    7 Florence Ave, Newport, RI 02840

    5beds
    3,288sqft
    Single Family Residence
    Built in 1945
    8,276 Square Feet Lot
    $1,775,600 Zestimate®
    $540/sqft
    $5,642 Estimated rent

    Home value

    $1,775,600

    $1.62M - $1.95M

    $5,642/mo

    Zestimate® history
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    What's special

    Family room with fireplaceAir conditioningWalk-in closet with laundryBluestone patioFormal dining roomExceptional outdoor livingBeautiful cabinetry
    A gracious residence tucked along a picturesque street just off of Ruggles, ideally located within walking distance to Gooseberry Beach, Newport’s mansion district, and the city’s celebrated shops, restaurants, and waterfront culture. Offering a rare combination of space, comfort, and amenities, this property represents a turn key opportunity with exceptional outdoor living, ample parking, and air conditioning. The spacious main level is filled with natural light and classic charm. A formal living room opens to the private outdoor oasis, while the updated kitchen is appointed with marble countertops and beautiful cabinetry. The kitchen flows naturally into both a formal dining room and a family room with fireplace. A first-floor bedroom and full bath provide outstanding flexibility for multigenerational living. Upstairs, three bedrooms share a full bath, while the attic offers bonus space. The primary suite is privately situated and accessed via its own staircase, and serves as a peaceful retreat. Walk-in closet with laundry, an ensuite bath with walk-in shower, and a covered balcony create a serene setting. A finished lower level adds versatility with full bath and flexible bonus space. Outside, a bluestone patio and expansive yard create the perfect backdrop for summer gatherings and enjoying Newport’s lifestyle. Complete with solar panels and stylish updates, this special home seamlessly blends timeless character with modern convenience in a lovely, quiet neighborhood.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Holmes 914-497-7603,

    Mott & Chace Sotheby's Intl.,

    Joseph Costa 508-951-4799,

    Mott & Chace Sotheby's Intl.

    Bought with:

    Alex Nunes, RES.0044503

    SERHANT.

    Source: StateWide MLS RI,MLS#: 1413358MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Bathroom
    • Features: Bath w Shower Stall, Bath w Tub & Shower
    Heating
    • Oil, Baseboard, Forced Water
    Cooling
    • Ductless
    Appliances
    • Included: Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Whirlpool
    Features
    • Wall (Dry Wall), Stairs, Plumbing (Mixed)
    • Flooring: Ceramic Tile, Hardwood, Carpet
    • Windows: Skylight(s)
    • Basement: Partial,Interior Entry,Partially Finished,Bath/Stubbed,Common,Storage Space,Utility
    • Attic: Attic Stairs, Attic Storage
    • Number of fireplaces: 2
    • Fireplace features: Brick
    Interior area
    • Total structure area: 2,855
    • Total interior livable area: 3,288 sqft
    • Finished area above ground: 2,855
    • Finished area below ground: 433

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached
    • Garage spaces: 1
    Features
    • Patio & porch: Patio, Porch
    • Waterfront features: Walk to Salt Water, Walk To Water
    Lot
    • Size: 8,276 Square Feet
    Details
    • Additional structures: Outbuilding
    • Parcel number: NEWPM040B0342
    • Zoning: R10A
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Dry Wall, Shingles
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1945

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Utilities for property: Water Connected

    Community & HOA

    Community
    • Features: Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Subdivision: Ruggles
    HOA
    • Has HOA: No
    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $540/sqft
    • Tax assessed value: $1,312,700
    • Annual tax amount: $9,425
    • Date on market: 5/25/2026
    • Inclusions: Closing to occur after August 15th, 2026. Home is equipped with audio/video surveillance.

    Price history

    DateEventPrice
    8/17/2026Sold$1,775,000-11.1%$540/sqft
    Source: StateWide MLS RI #1413358 Report a problem
    6/15/2026Contingent$1,997,000$607/sqft
    Source: StateWide MLS RI #1413358 Report a problem
    5/25/2026Listed for sale$1,997,000+40.1%$607/sqft
    Source: StateWide MLS RI #1413358 Report a problem
    8/15/2024Sold$1,425,000-4.7%$433/sqft
    Source: StateWide MLS RI #1358707 Report a problem
    6/5/2024Contingent$1,495,000$455/sqft
    Source: StateWide MLS RI #1358707 Report a problem
    5/18/2024Listed for sale$1,495,000+187.5%$455/sqft
    Source: StateWide MLS RI #1358707 Report a problem
    7/20/2015Sold$520,000-6.1%$158/sqft
    Source: Public Record Report a problem
    3/6/2015Listed for sale$554,000$168/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    1/27/2015Listing removed$554,000$168/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    10/24/2014Price change$554,000-4.3%$168/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    8/28/2014Price change$579,000-3.3%$176/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    7/17/2014Price change$599,000-7.7%$182/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    6/20/2014Price change$649,000-7.2%$197/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    5/21/2014Listed for sale$699,000+74.7%$213/sqft
    Source: Lila Delman Real Estate, Ltd. #1068361 Report a problem
    5/17/2011Sold$400,100-33.2%$122/sqft
    Source: Public Record Report a problem
    2/13/2011Listed for sale$599,000$182/sqft
    Source: Lila Delman Real Estate, Ltd. #984490 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,425 -12.7%$1,312,700
    2024$10,790 +31.8%$1,312,700 +54.1%
    2023$8,187 $851,900
    2022$8,187 +3%$851,900
    2021$7,948 +21.2%$851,900 +33.6%
    2020$6,556 $637,700
    2019$6,556 +2.9%$637,700
    2018$6,371 +3%$637,700 +15.6%
    2017$6,186 +2.6%$551,800
    2016$6,031 +2.4%$551,800
    2015$5,888 -5.5%$551,800 +6.8%
    2014$6,230 +6.2%$516,600
    2012$5,869 +0.7%$516,600 -12%
    2011$5,829 +3.9%$587,000
    2010$5,612 +0.4%$587,000
    2009$5,588 +8.4%$587,000 -1.3%
    2008$5,157 +4%$594,800
    2007$4,961 +4%$594,800
    2006$4,770 +4.4%$594,800 +86%
    2005$4,570 +30.2%$319,800 +17.1%
    2002$3,511 $273,200
    Find assessor info on the county website

    Neighborhood: Fifth Ward

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,775,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,775,600