Date
Details
Price
Change
Source
3/12/2026
Listed
$7,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/43
$7,850,000
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1/43
Property Description
Twin Ledges located on historic Ocean Drive, is a charming seaside retreat, offering privacy and seclusion, nestled within beautifully landscaped grounds, expansive lawns and ocean views. The shingled-style residence, custom built in 1982, sits on nearly four acres and features four levels of finished living space, designed to maximize natural light and scenic vistas. The main level offers a spacious living and dining area with an open, airy feel highlighted by vaulted ceilings, a wood-burning fireplace, and large windows that frame the surrounding landscape. A charming kitchen provides convenience while maintaining the home's open layout. The living space flows seamlessly to captivating, enclosed porch - perfect for gathering with family and guests while enjoying the coastal setting. Two bedrooms, a full bath and powder room complete this level. The top floor's primary en-suite bedroom boasts its own wood-burning fireplace and lovely views of the ocean. The finished lower level offers comfortable living space, complimented by a steam shower, wine cellar, and cedar closet with direct access to the heated saltwater pool. A two-car garage includes an elegant one-bedroom in-law suite above, connected to the main residence by a classic porte-cochere.
Full Property Details
Full Property Details for 315 Ocean Ave
General
- Price: $7,850,000
- Taxes: $48,281 (2025)
- Status: Active
- Type: Single Family
- Source: STWMLS
- MLS ID: 1406341
- Updated: 4/30/2026
- Added to Site: 51 day(s) ago
Business
- Business Type: Other
Interior
- Number of Rooms: 8
- Interior Features: Cedar Closet(s), Interior Steps, Stall Shower, Tub Shower, Central Vacuum, Cable TV, Wine Cellar
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Masonry
- Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Trash Compactor, Water Heater
- Flooring: Ceramic Tile, Hardwood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Additional Information
- Pool: Yes
- Pool Description: In Ground, Salt Water
- Spa Description: Sauna
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Porch, Patio
- Porch/Patio/Deck: Patio, Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 8
- Parking Features: Attached, Garage
Location
- County: Newport
- Subdivision: Ocean Drive
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning, Ductless
- Heating Type: Hot Water, Oil, Zoned
Utilities
- Sewer: Septic Tank
- Water: Connected, Public
- Utility Description: Underground Utilities
Structural Information
- Detached/Attached: Detached
- Construction: Drywall, Shingle Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Full, Finished, Walk-Out Access
- Stories/Levels: 3
- Building Size: 4593
- Square Feet: 4,593
- Living Area: 4,593 Sq. Ft.
- Finished Total: 4,593 Sq. Ft.
- Finished Above Grnd: 3,228 Sq. Ft.
- Finished Below Grnd: 1,365 Sq. Ft.
- Year Built: 1982
Lot Features
- Property View: Saltwater, Water
- Lot Size (Acres): 3.71
- Lot Size (Sq. Ft.): 161,607
- Lot Size: 161607
Water Features
- Water View: Yes
- Water Front Desc.: Walk to Water
Financial Considerations
- Tax Amount: $48,281
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Taxes calculated at 2025/2026 non-resident rate.
- Property ID: 315OCEANAVNEWP
- Lot Number: 43
Listed by Gustave White Sotheby's Realty
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 315 Ocean Ave —
Gustave White Sotheby's Realty
401-849-3000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 315 Ocean Ave
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 2.7 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 3.9 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 1.2 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 315 Ocean Ave
Tax History
Tax History for 315 Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$62,723
6%
$7,218,700
—
2024
$59,338
27%
$7,218,700
54%
2023
$46,619
-7%
$4,699,500
-10%
2022
$50,383
3%
$5,242,800
—
2021
$48,915
6%
$5,242,800
17%
2020
$45,950
—
$4,469,800
—
2019
$45,950
3%
$4,469,800
—
2018
$44,653
-2%
$4,469,800
10%
2017
$45,388
3%
$4,048,900
—
2016
$44,254
2%
$4,048,900
—
2015
$43,202
16%
$4,048,900
31%
2014
$37,361
3%
$3,097,900
—
2013
$36,273
—
$3,097,600
—
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 315 Ocean Ave
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 5Total Baths
- 3,437Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 5Beds
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- Single Family
- Active
- Updated 3 days ago
- 5Beds
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- 2Total Baths
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- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 4Total Baths
- 3,854Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 3Beds
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- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 432Sq. Ft.
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315 Ocean Avenue, Newport, RI 02840 (MLS# 1406341) is a Single Family property with 4 bedrooms, 4 full bathrooms and 1 partial bathroom. 315 Ocean Avenue is currently listed for $7,850,000 and was received on March 12, 2026. Want to learn more about 315 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.