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Sold for $1,500,000
  • $1,500,000

    78 Rhode Island Ave Unit 5, Newport, RI 02840

    2beds
    1,680sqft
    Condominium
    Built in 1900
    -- sqft lot
    $1,530,800 Zestimate®
    $893/sqft
    $5,723 Estimated rent

    Home value

    $1,530,800

    $1.26M - $1.85M

    $5,723/mo

    Zestimate® history
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    What's special

    Gourmet kitchenStone walkwaysRooftop deckOversized deep-set windowsTwo fireplacesGranite countertopsOversized rain shower
    Discover historic elegance and modern luxury in this exquisite 2-bedroom, 2-bath condominium at Eastbourne Lodge. Nestled in one of Newport’s most sought-after neighborhoods, this nearly 1,700 sq. ft. residence offers refined living with effortless convenience. Once a grand private estate, Eastbourne Lodge now boasts eight exclusive residences. Unit 5, situated on the second floor, is accessible via a grand staircase or Elevator. The open-concept layout features soaring ceilings, oversized deep-set windows, and two fireplaces for warmth and ambiance. Whitewashed oak beams and hardwood floors enhance the coastal charm. The gourmet kitchen, set in a picturesque bay window, features high-end appliances and granite countertops. The master suite is a tranquil retreat with turreted architectural details, a walk-in closet, and a spa-inspired ensuite with an oversized rain shower. Exclusive amenities include 500 SF - private lower-level storage, a beautifully appointed rooftop deck, and manicured grounds with stone walkways and lush gardens. Ideally located, this residence is just minutes from historic downtown Newport, iconic beaches, and scenic trails. Steeped in Newport’s rich Gilded Age history, Eastbourne Lodge offers a rare opportunity to own a timeless home with modern comforts. Ease of living in this exquisite turn-key one of a kind iconic property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Pila Pexton 401-862-1977,

    Lila Delman Compass

    Bought with:

    Team KEY

    KEY Real Estate Services

    Source: StateWide MLS RI,MLS#: 1382481MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Bathroom
    • Features: Bath w Tub, Bath w Shower Stall
    Heating
    • Natural Gas, Central Air, Central, Forced Air, Gas Connected, Zoned
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven/Range, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Wall (Dry Wall), Stairs, Insulation (Unknown), Elevator
    • Flooring: Hardwood, Marble
    • Basement: Full,Interior and Exterior,Partially Finished,Common,Storage Space
    • Number of fireplaces: 2
    • Fireplace features: Marble
    Interior area
    • Total structure area: 1,680
    • Total interior livable area: 1,680 sqft
    • Finished area above ground: 1,680
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: No Garage, Unassigned
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Stories: 1
    • Entry location: Elevator
    • Patio & porch: Deck
    • Waterfront features: Walk to Fresh Water, Walk to Salt Water
    Lot
    • Size: 0.86 Acres
    • Features: Local Historic District, Secluded
    Details
    • Parcel number: NEWPM020B0218L5
    • Zoning: RES
    • Special conditions: Conventional/Market Value
    • Other equipment: Cable TV, Elevator

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Dry Wall, Brick, Masonry
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers, Individual Meter
    • Sewer: Public Sewer
    • Water: In Fee, Municipal, Public
    • Utilities for property: Underground Utilities, Sewer Connected

    Community & HOA

    Community
    • Features: Hospital, Private School, Public School, Restaurants, Near Shopping, Near Swimming, Tennis
    • Subdivision: Kay / Catherine
    HOA
    • Has HOA: No
    • HOA fee: $752 monthly
    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $893/sqft
    • Tax assessed value: $1,869,000
    • Annual tax amount: $15,365
    • Date on market: 4/16/2025
    • Inclusions: The HOA fees are paid quarterly. $1, 922 The reserve account allocation to increase reserves is $334.00 which totals $2, 256 Quarterly or $752.00 per month. Fees include all common areas, sewage and water, maintence and building insurance. NOTE: 500 SF of private storage space in basement.

    Price history

    DateEventPrice
    7/15/2025Sold$1,500,000-6%$893/sqft
    Source: StateWide MLS RI #1382481 Report a problem
    6/24/2025Pending sale$1,595,000$949/sqft
    Source: StateWide MLS RI #1382481 Report a problem
    6/13/2025Contingent$1,595,000$949/sqft
    Source: StateWide MLS RI #1382481 Report a problem
    4/16/2025Listed for sale$1,595,000+77.2%$949/sqft
    Source: StateWide MLS RI #1382481 Report a problem
    6/7/2019Sold$900,000-5.3%$536/sqft
    Source: StateWide MLS RI #1218304 Report a problem
    4/1/2019Listed for sale$950,000$565/sqft
    Source: Lila Delman Real Estate #1218304 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,240 +5.7%$1,869,000
    2024$15,363 +84.1%$1,869,000 +115.2%
    2023$8,345 $868,400
    2022$8,345 +3%$868,400
    2021$8,102 -0.2%$868,400 +10%
    2020$8,118 $789,700
    2019$8,118 +33.5%$789,700 +29.7%
    2018$6,082 $608,800
    Find assessor info on the county website

    Neighborhood: Kay/Catherine

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,530,800
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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
    $1,530,800