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123 Ocean Avenue, Newport, RI 02840
$5,200,000
123 Ocean Avenue, Newport, RI 02840View this property at 123 Ocean Avenue, Newport, RI 02840
123 Ocean AvenueNewportRI02840
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Property Description
Incredible Waterfront Opportunity to Renovate or Build a new home on a Spectacular, Unique piece of property located on Ocean Avenue. The original Mid-Century Modern home is perched on the hill overlooking Lily Pond & 200 feet across from Gooseberry Beach. You have the best of both worlds with views of the crashing waves of the Atlantic Ocean along with the Swans and the wildlife of Lily Pond. The 3 bedrooms, 3.5 bath home with a pool is designed to be engaged with Nature and the beauty of the outside. It has many oversize windows and numerous doorways to the outside pool patio area w/extraordinary sunset views. The living room/great room w/fireplace overlooks Lily Pond & French doors lead to the pool & grill area. The updated kitchen has granite counters and stainless appliances. The circular floor plan lends to a great family space perfect for entertaining & family get togethers. The Primary has its own private deck area with high views overlooking the ocean, pool and the pond. Located on 2 acres of land with mature trees and landscape as well as many garden areas. The rolling lot has higher views from behind the 2-car garage. Walk down to the Lily Pond through the secret gardens for a closer view of the wildlife. The house is in need of renovation or can be taken down. The seller is including HDC and CRMC Approved architectural plans as well as a certificate from City of Newport to demolish the home. The lot is private and serene yet close to all that Newport has to offer.
Full Property Details
Full Property Details for 123 Ocean Ave
General
- Sold For: $5,200,000
- Taxes: $47,261 (2023)
- Status: Closed
- Type: Single Family
- MLS ID: 1350565
- Added to Site: 115 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Cedar Closet(s), Cathedral Ceiling(s), Skylights, Tub Shower
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Stone
- Appliances: Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Range Hood, Water Heater
- Flooring: Ceramic Tile, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: In Ground
- Tennis: Yes
Exterior
- Exterior Features: Balcony, Breezeway, Patio, Paved Driveway
- Porch/Patio/Deck: Balcony, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 10
- Parking Features: Detached, Garage, Garage Door Opener
Location
- County: Newport
- Subdivision: Ocean Drive
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Electric, Hot Water, Individual, Oil, Other, Zoned
Utilities
- Sewer: Septic Tank
- Water: Connected, Multiple Meters, Public
Structural Information
- Architectural Style: Contemporary, Historic/Antique
- Detached/Attached: Detached
- Construction: Drywall, Shingle Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Partial, Unfinished
- Windows: Skylight(s), Thermal Windows
- Doors: Storm Door(s)
- Stories/Levels: 2
- Building Size: 2950
- Square Feet: 2,950
- Living Area: 2,950 Sq. Ft.
- Finished Total: 2,950 Sq. Ft.
- Finished Above Grnd: 2,950 Sq. Ft.
- Year Built: 1952
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Property View: Saltwater, Water
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Size: 87120
- Lot Features: Paved, Wooded, Waterfront
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Water Access, Walk to Water, Waterfront
Financial Considerations
- Tax Amount: $47,261
- Tax Year: 2023
Disclosures and Reports
- Compensation Comments: 2.5% net sale price to co broker. Commission based on FINAL sale price NET. Commission will not be paid on seller-paid closing costs, pts, prepaids, prorations, repair costs or any other seller concessions
- Inclusions: Architectural Plans Approved by HDC and CRMC HDC approval to take down the house that is existing to replace it with the approved Architectural Plans to be provided if the buyer is interested. Need proof of qualification for Buyers prior to sending Architectural Plans and Permits. ** Property's Taxes for 2023 are based on being a non resident owner.****
- Disclosures/Rstr.: Owner Has Flood Insurance
- Property ID: 123OCEANAVNEWP
- Lot Number: 344
Listed by RE/MAX Profnl. Newport, Inc.
Sold by Paolino Properties
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Schools
Schools serving 123 Ocean Ave
School District:Newport Schools
Rating | Name | Grades | Distance |
---|---|---|---|
15 Wickham Rd, Newport, RI 02840 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Ocean Ave
Date
Details
Price
Change
Source
3/01/2024
Sold
$5,200,000
-19.99%
MLS
1/09/2024
Listed
$6,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
123 Ocean Avenue, Newport, RI 02840 (MLS# 1350565) is a Single Family property that was sold at $5,200,000 on March 01, 2024. Want to learn more about 123 Ocean Avenue? Do you have questions about finding other Single Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.