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$675,000 Just Listed
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Property Description
Desirable Kay/Catherine Location- Immaculate Penthouse Condominium located in the Majestic "Whitestone " Estate Built in 1902 designed by the renowned Architects McKim, Mead and White. This 2-bedroom 2 bath unit is the perfect opportunity to be part of a spectacular Historical Nationally Registered Property full of period architectural features yet modern conveniences. Enter the gracious foyer with the wide, flowing wrap around stairway to the 3rd floor Penthouse unit. Privacy & serenity abound with views of the mature landscape & neighborhood. The spacious, light unit enters the living room/dining area with vaulted, skylit ceilings open to the 2nd level viewing a custom painted mural of Castle Hill. The updated galley style kitchen has granite counters & stainless appliances. Master suite with walk-in-closet, renovated tile bathroom, oversize shower and Riverstone flooring. The 2nd level has a bedroom overlooking the living area, full bath, laundry area & walk in closet. Wood Floors throughout. The unit offers flexibility for annual home or easy vacation get away. Beautiful grounds & gardens with mature landscape including a Patio Area with Grill for al Fresco Dining. Professionally Managed,1 Assigned Parking with guest and private basement storage. Superb Newport Location, easy walk to Bellevue Ave, Tennis Hall of Fame, The Cliff Walk, Beaches Downtown Shops & Restaurants & all Newport activities. Easy on and off the island. Must see to appreciate all this has to offer!
Full Property Details
Full Property Details for 1 Oakwood Terrace #7
General
- Price: $675,000
- HOA FEE: $698/month
- Taxes: $4,459 (2025)
- Status: Active
- Type: Condo
- Source: STWMLS
- MLS ID: 1403871
- Updated: 2/2/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Cathedral Ceiling(s), High Ceilings, Interior Steps, Skylights, Stall Shower, Tub Shower, Vaulted Ceiling(s), Cable TV
- Fireplace(s): None
- Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: In Unit
Additional Information
- Shared Amenities: Garden Area, Storage
- Tennis: Yes
- Equipment: Intercom
Exterior
- Exterior Features: Patio, Paved Driveway
- Porch/Patio/Deck: Patio
Parking
- Total Spaces: 1
- Parking Features: Assigned, No Garage
Location
- County: Newport
- Subdivision: Red Cross/Kay/Catherine
- Building Name: Whitestone
- Near Highway: Yes
Community
- Assoc. Fees Include: Insurance, Maintenance Grounds, Parking, Snow Removal, Trash
- Units Assoc/Comm: 9
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Gas, Hot Water, Individual, Zoned
Utilities
- Sewer: Public Sewer
- Water: Connected, Multiple Meters, Public
Structural Information
- Structure Type: Townhouse
- Detached/Attached: Detached
- Construction: Drywall, Plaster, Masonry, Wood Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Windows: Skylight(s), Storm Window(s), Thermal Windows
- Doors: Storm Door(s)
- Entry Floor Number: 3
- Entry Location: First Floor Access, Third Floor or higher Access
- Stories/Levels: 4
- Building Size: 1015
- Square Feet: 1,015
- Living Area: 1,015 Sq. Ft.
- Finished Total: 1,015 Sq. Ft.
- Finished Above Grnd: 1,015 Sq. Ft.
- Year Built: 1900
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Sidewalks: Yes
- Lot Features: Corner Lot, Private, Secluded, Wooded
- Fencing (Description): Security
Water Features
- Water Front Desc.: Walk to Water
Financial Considerations
- Association Fee: $698
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,459
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Taxes estimated on Resident tax rate. Current owner is paying $5404 for non Resident tax payment amount. Property has a Flo Logic System for the individual water meters. Owners can turn the water off with an App upon travel or vacant timeframes. Great safety feature for 3rd floor units.
- Property ID: 1OAKWOODTER7NEWP
- Lot Number: 71
Listed by RE/MAX Profnl. Newport, Inc.
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Schools
Schools serving 1 Oakwood Terrace #7
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.6 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 1.5 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1 Oakwood Terrace #7
Date
Details
Price
Change
Source
2/02/2026
Listed
$675,000
76.7%
MLS
9/09/2020
Sold
$382,000
—
Public Record
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
Tax History for 1 Oakwood Terrace #7
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,404
6%
$621,900
—
2024
$5,112
42%
$621,900
71%
2023
$3,611
3%
$364,000
—
2022
$3,498
3%
$364,000
—
2021
$3,396
12%
$364,000
23%
2020
$3,036
—
$295,300
—
2019
$3,036
3%
$295,300
—
2018
$2,950
-25%
$295,300
-16%
2017
$3,922
3%
$349,900
—
2016
$3,824
2%
$349,900
—
2015
$3,733
1%
$349,900
14%
2014
$3,692
3%
$306,100
—
2013
$3,584
—
$306,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1 Oakwood Terrace #7
1 Oakwood Terrace #7, Newport, RI 02840 (MLS# 1403871) is a Condo property with 2 bedrooms and 2 full bathrooms. 1 Oakwood Terrace #7 is currently listed for $675,000 and was received on February 02, 2026. Want to learn more about 1 Oakwood Terrace #7? Do you have questions about finding other Condo real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

