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$2,500,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 5,000 Sq. Ft.
  • 4.5922 Acres
  • 2 Car Garage
  • Updated 1 hour ago
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Rare opportunity to complete a luxurious custom coastal estate a bike ride away from the beaches of Middletown & Newport! Situated on a generous half-acre lot in a highly desirable location, this expansive new construction is currently framed and ready for the next owner to bring the vision to life. The approved plans showcase an impressive 6-bedroom, 4.5-bath main residence thoughtfully designed for modern coastal living and large-scale entertaining. The open, light-filled layout features expansive living areas, a chef-inspired kitchen, and seamless indoor-outdoor flow ideal for gatherings and summer living near the shore. Above the attached two-car garage, the design includes a private 1-bedroom, 1-bath accessory dwelling unit (ADU), perfect for extended family, guests, or flexible living arrangements. Exceptional outdoor living, highlighted by an in-ground pool and generous entertaining spaces with wrap around deck/porch. Offered as-is with framing complete, this property presents a unique opportunity for builders, investors, or buyers seeking to customize a luxury residence in one of the area's most sought-after coastal communities. All architectural plans and design documents will transfer to the new owner, providing a head start toward completing this stunning home. Create your dream retreat just moments from Newport's world-class beaches, dining, and coastal attractions!

Full Property Details for 265 Prospect Ave

General

  • Price: $2,500,000
  • Taxes: (2026)
  • Status: Active
  • Type: Single Family
  • Source: STWMLS
  • MLS ID: 1406343
  • Updated: Today (3/13/2026)
  • Added to Site: Today

Business

  • Business Type: Other

Interior

  • Number of Rooms: 12
  • Fireplace(s): None
  • Appliances: Electric Water Heater
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Pool: Yes
  • Pool Description: In Ground
  • Tennis: Yes

Exterior

  • Exterior Features: Deck, Porch, Paved Driveway
  • Porch/Patio/Deck: Deck, Porch, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 8
  • Parking Features: Attached, Garage

Location

  • County: Newport
  • Near Highway: Yes

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Detached/Attached: Detached
  • Construction: Shingle Siding
  • Basement: Yes
  • Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
  • Stories/Levels: 3
  • Building Size: 5000
  • Square Feet: 5,000
  • Living Area: 5,000 Sq. Ft.
  • Finished Total: 5,000 Sq. Ft.
  • Finished Above Grnd: 5,000 Sq. Ft.
  • Year Built: 2026
  • Property Condition: Under Construction

Lot Features

  • Lot Size (Acres): 4.5922
  • Lot Size (Sq. Ft.): 200,037
  • Lot Size: 200037

Water Features

  • Water Front Desc.: Beach Access, Water Access

Financial Considerations

  • Tax Year: 2026

Disclosures and Reports

  • Inclusions: Some photos digitally rendered/enhanced. This is an active construction site -- do not enter without permission. Approved plans attached. Taxes TBD upon completion.
  • Property ID: 265PROSPECTAVMDLT
  • Lot Number: 46

Listed by J. Christopher Real Estate Grp

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Listing agent

— 265 Prospect Ave —

  • J. Christopher Real Estate Grp

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 265 Prospect Ave

School District:Middletown School District
NameGradesDistance
Aquidneck School
70 Reservoir Road, Middletown, RI 02842
PK-30.3 mi
Joseph Gaudet Academy
1113 Aquidneck Avenue, Middletown, RI 02842
4-1.3 mi
Joseph H. Gaudet School
1113 Aquidneck Avenue, Middletown, RI 02842
5-81.3 mi
Middletown High School
130 Valley Road, Middletown, RI 02842
9-121.3 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 265 Prospect Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Listed
$2,500,000
38.89%
MLS
7/14/2025
Sold
$1,800,000
—
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 265 Prospect Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,172
93%
$862,800
85%
2024
$5,263
100%
$467,400
-41%
2023
-100%
$791,700
—
2022
$22,430
4%
$791,700
—
2021
$21,589
100%
$791,700
4%
2021
100%
$761,000
—
2018
100%
$761,000
12%
2016
100%
$681,000
—
2015
100%
$681,000
16%
2014
—
$585,300
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by J. Christopher Real Estate Grp

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265 Prospect Avenue, Middletown, RI 02842 (MLS# 1406343) is a Single Family property with 7 bedrooms, 5 full bathrooms and 1 partial bathroom. 265 Prospect Avenue is currently listed for $2,500,000 and was received on March 13, 2026. Want to learn more about 265 Prospect Avenue? Do you have questions about finding other Single 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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