1 Ichabod Lane
Middletown, RI, 02842 $ 3,350,000
Bedrooms8 Baths8.1 Sq 8,000 Monthly Estimate*
$ 20,627
for $3,350,000 with 8 bedrooms and 8 full baths, 1 half bath. This 8,000 square foot home was built in 1857 on a lot size of 0.43.
Looking for an owner-occupied investment opportunity in Newport County? "Restmere" is an Italianate villa designed in 1857 by renowned architect Richard Upjohn, celebrated for Trinity Church in New York, and Kingscote in Newport. Listed on the National Register of Historic Places, this turnkey estate seamlessly blends 19th-century grandeur with modern comfort. The thoughtful restoration received a Doris Duke Award, and Rhody Award. The main property offers 8 bedrooms and 8.5 bathrooms. The main house features a veranda, 6 bedrooms, 6.5 baths, chef's kitchen, and formal layout ideal for entertaining. Preserved Old World details include 12-foot ceilings, grand staircase, parquet floors, wainscoting, crown moldings, stained glass, divided-light windows, antique lighting, marble fireplaces, claw-foot tubs, French doors, and antique hardware. The third floor also functions as a separate penthouse apartment with private entrance, 3 bedrooms, 3 baths, laundry, and kitchen, while the detached townhouse apartment offers private entrance, 2 bedrooms, 2 baths, laundry, and kitchen creating exceptional flexibility for guests or passive income.The above-grade basement boasts 9-foot ceilings, brick walls, arched windows, studio, gallery, pub, and four rooms awaiting ADU conversion. Restmere is a rare opportunity to become the next steward of an historic estate and family compound.
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FeaturesGeneralSewer Public Sewer
Heating Hot Water Oil
Cooling Central Air
Possession Close Through 45 Days Negotiable
Garage Spaces 0
Patio/Porch Features Deck Patio Porch
Construction Materials Plaster
Year Built 1857
Electric 200+ Amp Service
Property Subtype Multi Family
Tax Year 2025
Business Type Other
Waterfront Features Walk to Water
Community Features Near Hospital Near Schools Restaurant Shopping
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Newport East
Garage Y/N false
Total Rooms 26
Full Baths 8
Status Active
City Middletown
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 18731
Land Lease Y/N false
Tax Annual Amount 12421
Virtual Tour https://tour.RiLiving.com/1-Ichabod-Lane-Middletown-RI-02842--1409467
Standard Status Active
Tax Assessed Value 1432700
Tax Lot 140
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InteriorInterior Amenities Attic Wet Bar Bathtub Interior Steps Stall Shower Tub Shower
Basement Exterior Entry Full Interior Entry Partially Finished
Flooring Hardwood
Total Fireplaces 3
Fireplace Features Gas Marble
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
Laundry Features In Unit
Total Bedrooms 8
Total Baths 9
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ExteriorExterior Amenities Deck Porch Patio Sprinkler/Irrigation
Parking Features No Garage
Lot Features Cul-De-Sac Paved Sprinkler System
Water Source Public
Total Parking 10
Inclusions Third floor tenants in place until 5/31/2026 Townhouse tenants in place until 11/30/2026
Lot Size Area 18731
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 8000
Lot Size Acres 0.43
Covered Spaces 0
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* Excluded FeaturesList BySerhant New EnglandBroker
benwillett@serhant.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $20,627
- Monthly Property Taxes
- $1,035
- 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.
Learn more about how to save NearbyMulti-family listings in Middletown, RI
Average List Price $1,370,700
Percent of Sale Price 59%
About Middletown, RI 16,354 Population
-6% Since 2002
$ 65,207 Median Income
44.62 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/8/2026 | $3,350,000 | | Listed Price |