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515 Indian Avenue Middletown, RI $ 7,900,000
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$ 7,900,000 Get more info
515 Indian Avenue
$ 7,900,000
Back to search
Share Save

515 Indian Avenue

Middletown, RI, 02842
$ 7,900,000
Bedrooms4 Baths4.2 Sq 6,131

Monthly Estimate*

$ 54,563

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Single Family Home for sale in Middletown, RI

for $7,900,000 with 4 bedrooms and 4 full baths, 2 half baths. This 6,131 square foot home was built in 1988 on a lot size of 1.7.

WATERFRONT on INDIAN AVENUE. C ad M le F ilte, One Hundred Thousand Welcomes. An extraordinary waterfront compound located on the historic grounds of Stonybrook Estate. The property features a 4,609 square foot Manor House built in 1988, a historically significant 1,522 square foot Horace Trumbauer Gate House constructed in 1935, and a gunite pool with cabana overlooking the Sakonnet River. This gracious contemporary home was custom-designed with traditional elements including a steeply pitched slate roof, tall gables and half-timbering. Through the front door is a comfortable, open floor plan with stunning water views from nearly every room. The kitchen, living, dining and primary bedrooms all provide access to stone terraces around the pool and lush gardens with opportunities for a relaxing indoor-outdoor lifestyle. Enjoy expansive water views and meticulously landscaped grounds with specimen trees and an English Garden. This bucolic setting is on the rural and much-loved Indian Avenue, just 1.5 miles from beautiful Second and Third Beaches and 15 minutes to downtown Newport.

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Single Family Contingent

Price

$ 7,900,000

Bedrooms

4

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 62,581

Style

Lot Size

1.7

Year Built

1988

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1411466
Features
General
Sewer Septic Tank
Heating Forced Air Oil
Cooling Central Air
Utilities Underground Utilities
Possession Close Plus 45 to 90 Days Close Through 45 Days Negotiable
Zoning R60
Garage Spaces 2
Patio/Porch Features Deck Patio
Pool Features In Ground
Security Features Security System Owned
Construction Materials Drywall Masonry
Year Built 1988
Electric 200+ Amp Service
View Saltwater Water
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Beach Front Ocean Front Water Access Walk to Water Waterfront
Community Features Golf Marina Near Hospital Near Schools Pool Recreation Area Restaurant Shopping Tennis Court(s)
County Newport
New Construction false
Property Type Residential
Attached Garage true
Contingency Inspection Period
Garage Y/N true
Other Structures Guest House Outbuilding
Total Rooms 15
Full Baths 4
Status Active Under Contract
City Middletown
Senior Community Y/N false
Lot Size Units Square Feet
Lot Size Square Feet 74052
Land Lease Y/N false
Tax Annual Amount 62581
Standard Status Active Under Contract
Tax Assessed Value 5308000
Tax Lot 166
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Attic Wet Bar Cedar Closet(s) Stall Shower Tub Shower
Basement Full Interior Entry Unfinished
Flooring Ceramic Tile Hardwood Carpet
Total Fireplaces 3
Fireplace Features Masonry Stone
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Thermal Windows
Fireplace Y/N true
Half Baths 2
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 6
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Exterior
Exterior Amenities Deck Patio
Parking Features Attached Garage
Lot Features Private Secluded Waterfront
Water Source Private Well
Total Parking 10
Lot Size Area 74052
Foundation Details Concrete Perimeter
Building Area Total 6131
Lot Size Acres 1.7
Waterfront Y/N true
Covered Spaces 2
Door Features Storm Door(s)
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* Excluded Features
List By
Mott & Chace Sotheby's Intl.

Broker

alex.thursby@mottandchace.com

Email

Affordability Calculator

$59,778
Per Month
91%
9%
0%
Monthly Principal & Interest
$54,563
Monthly Property Taxes
$5,215
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
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Pricing History
DatePricePrice ChangeDescription
8/21/2026$7,900,000 -4.76% Price Down
5/1/2026$8,295,000 Listed Price

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515 Indian Avenue, Middletown, RI, 02842 is a Single Family Home for sale at $7,900,000 with 6,131 sqft and a lot size of 1.7. 515 Indian Avenue has 4 bedrooms, 4.2 baths, and was built in 1988. The property's zip code is 02842 which is in Middletown, RI

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