315 Ocean Avenue Newport, RI $ 7,850,000
315 Ocean Avenue
$ 7,850,000
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315 Ocean Avenue

Newport, RI, 02840
$ 7,850,000
Bedrooms3 Baths4.1 Sq 4,593

Monthly Estimate*

$ 48,334

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Single Family Home for sale in Newport, RI

for $7,850,000 with 3 bedrooms and 4 full baths, 1 half bath. This 4,593 square foot home was built in 1982 on a lot size of 3.71.

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.

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Single Family Active

Price

$ 7,850,000

Bedrooms

3

Full Bath

4

Half Bath

1

Property Type

Single Family

Taxes

$ 48,281

Style

Lot Size

3.71

Year Built

1982

Town/City

Newport

County/Region

Newport

MLS | Web ID

1406341

Features
General
Sewer Septic Tank
Heating Hot Water Oil Zoned
Cooling Central Air Ductless
Utilities Underground Utilities
Possession Negotiable
Zoning R160
Garage Spaces 2
Patio/Porch Features Patio Porch
Pool Features In Ground Salt Water
Security Features Security System Owned
Construction Materials Drywall Shingle Siding Wood Siding
Year Built 1982
Electric 200+ Amp Service Circuit Breakers
View Saltwater Water
Stories Count 3
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2025
Business Type Other
Waterfront Features Walk to Water
Community Features Near Schools Pool Recreation Area Restaurant Shopping
County Newport
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name Ocean Drive
Garage Y/N true
Total Rooms 8
Full Baths 4
Status Active
City Newport
Senior Community Y/N false
Lot Size Units Square Feet
Lot Size Square Feet 161607
Spa Features Sauna
Land Lease Y/N false
Tax Annual Amount 48281
Standard Status Active
Tax Assessed Value 5556600
Tax Lot 43
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Cedar Closet(s) Interior Steps Stall Shower Tub Shower Central Vacuum Cable TV Wine Cellar
Basement Full Finished Walk-Out Access
Flooring Ceramic Tile Hardwood Carpet
Total Fireplaces 2
Fireplace Features Masonry
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
Total Bedrooms 3
Below Grade Finished Area 1365
Total Baths 5
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Exterior
Exterior Amenities Porch Patio
Parking Features Attached Garage
Water Source Connected Public
Total Parking 8
Inclusions Taxes calculated at 2025/2026 non-resident rate.
Lot Size Area 161607
Foundation Details Concrete Perimeter
Building Area Total 4593
Lot Size Acres 3.71
Covered Spaces 2
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* Excluded Features
List By
Gustave White Sotheby's Realty

Broker

twiley@gustavewhite.com

Email

Affordability Calculator

$52,357
Per Month
92%
8%
0%
Monthly Principal & Interest
$48,334
Monthly Property Taxes
$4,023
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/12/2026$7,850,000 Listed Price

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315 Ocean Avenue, Newport, RI, 02840 is a Single Family Home for sale at $7,850,000 with 4,593 sqft and a lot size of 3.71. 315 Ocean Avenue has 3 bedrooms, 4.1 baths, and was built in 1982. The property's zip code is 02840 which is in Newport, RI