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$3,350,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 3 Units
  • 8 Total Beds
  • 0.43 Acres
  • Updated 10 hours ago

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Open House: 1:00 PM - 2:30 PM

Saturday 4/11 1:00 PM - 2:30 PM

1 Ichabod Lane,Middletown, RI 02842

1 Ichabod LaneMiddletownRI02842

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Looking for an owner-occupied investment opportunity in Newport County? "Restmere" is an Italianate villa designed in 1857 by renowned architect Richard Upjohn, celebrated for Trinity Church in New York, and Kingscote in Newport. Listed on the National Register of Historic Places, this turnkey estate seamlessly blends 19th-century grandeur with modern comfort. The thoughtful restoration received a Doris Duke Award, and Rhody Award. The main property offers 8 bedrooms and 8.5 bathrooms. The main house features a veranda, 6 bedrooms, 6.5 baths, chef's kitchen, and formal layout ideal for entertaining. Preserved Old World details include 12-foot ceilings, grand staircase, parquet floors, wainscoting, crown moldings, stained glass, divided-light windows, antique lighting, marble fireplaces, claw-foot tubs, French doors, and antique hardware. The third floor also functions as a separate penthouse apartment with private entrance, 3 bedrooms, 3 baths, laundry, and kitchen, while the detached townhouse apartment offers private entrance, 2 bedrooms, 2 baths, laundry, and kitchen creating exceptional flexibility for guests or passive income.The above-grade basement boasts 9-foot ceilings, brick walls, arched windows, studio, gallery, pub, and four rooms awaiting ADU conversion. Restmere is a rare opportunity to become the next steward of an historic estate and family compound.

Full Property Details for 1 Ichabod Ln

General

  • Price: $3,350,000
  • Taxes: $12,421 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1409467
  • Updated: Today (4/8/2026)
  • Added to Site: Today

Business

  • Business Type: Other

Interior

  • Number of Rooms: 26
  • Interior Features: Attic, Wet Bar, Bathtub, Interior Steps, Stall Shower, Tub Shower
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Gas, Marble
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 8
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: In Unit

Exterior

  • Exterior Features: Deck, Porch, Patio, Sprinkler/Irrigation
  • Porch/Patio/Deck: Deck, Patio, Porch

Parking

  • Total Spaces: 10
  • Parking Features: No Garage

Location

  • County: Newport
  • Subdivision: Newport East

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Hot Water, Oil

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Plaster
  • Basement: Yes
  • Basement Desc.: Exterior Entry, Full, Interior Entry, Partially Finished
  • Stories/Levels: 0
  • Building Size: 8000
  • Finished Total: 8,000 Sq. Ft.
  • Finished Above Grnd: 8,000 Sq. Ft.
  • Year Built: 1857

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,731
  • Lot Size: 18731
  • Lot Features: Cul-De-Sac, Paved, Sprinkler System

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Tax Amount: $12,421
  • Tax Year: 2025

Disclosures and Reports

  • Inclusions: Third floor tenants in place until 5/31/2026 Townhouse tenants in place until 11/30/2026
  • Property ID: 1ICHABODLANEMDLT
  • Lot Number: 140

Listed by Serhant New England

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Listing agents

— 1 Ichabod Ln —

  • Serhant New England

  • Serhant New England

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1 Ichabod Ln

School District:Middletown School District
NameGradesDistance
Aquidneck School
70 Reservoir Road, Middletown, RI 02842
PK-31 mi
Joseph Gaudet Academy
1113 Aquidneck Avenue, Middletown, RI 02842
4-1.2 mi
Joseph H. Gaudet School
1113 Aquidneck Avenue, Middletown, RI 02842
5-81.2 mi
Middletown High School
130 Valley Road, Middletown, RI 02842
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 Ichabod Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/08/2026
Listed
$3,350,000
282.86%
MLS
6/23/2016
Sold
$875,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1 Ichabod Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,892
5%
$1,432,700
—
2024
$16,132
16%
$1,432,700
30%
2023
$13,904
5%
$1,104,400
—
2022
$13,275
-13%
$1,104,400
—
2021
$15,286
—
$1,104,400
31%
2021
$15,286
32%
$844,200
—
2018
$11,608
-10%
$844,200
1%
2016
$12,886
3%
$835,700
—
2015
$12,569
—
$835,700
7%
2014
$12,560
2%
$781,600
—
2013
$12,279
—
$781,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Serhant New England

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1 Ichabod Lane, Middletown, RI 02842 (MLS# 1409467) is a Multi-Family property with 3 units containing 8 bedrooms, 8 full bathrooms and 1 partial bathroom. 1 Ichabod Lane is currently listed for $3,350,000 and was received on April 08, 2026. Want to learn more about 1 Ichabod Lane? Do you have questions about finding other Multi-Family real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

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