581 West Main RD Little Compton, RI 02837

$1,495,000
581 West Main RD, Little Compton, RI 02837
1189385

Single Family Home for sale in Little Compton, RI

for $1,495,000 with 5 bedrooms and 2 full baths, 2 half baths. This 2,939 square foot home was built in 1886 on a lot size of 1.1800 Acre(s).

Property Information

  • $1,495,000
  • 5 Bedrooms
  • 2 Full Baths, 2 Half Baths
  • Single Family
  • 2,939 Square Feet
  • Taxes are $7,099
  • Cottage
  • Active
  • 3 Floors
  • Lot size of 1.1800 Acre(s)
  • Built in 1886
  • Little Compton, RI
  • Newport County
  • MLS/Web ID is 1189385

 Virtual Tour

Description

The 'Mill House€ c.1886 €' 'an artistic masterpiece of subtle charm€. Settled West-facing across the mouth of Sakonnet River w/ striking views of open ocean & rolling pastures, sits an iconic property known by the locals as the 'Mill House€. An 1800's conversion of an old gristmill, first of its kind, turned into a residence of historical importance for its 'method of construction & artistic collaboration€. The 3-story octagonal Mill Tower maintains all of the integrity from yesteryear featuring exposed beams, mahogany floors, oversized windows & artistic plasterwork of the famed American artist, Sydney Burleigh. The Tower suite, boasts panoramic views of the Atlantic looking over 150 acres of farmland, where you are able to see the Newport Mansions, the infamous Newport Pell Bridge, the sandy beaches of Sachuest Point. The 1st floor encompasses an open-floor plan living & dining room with a grand fireplace, library, kitchen, as well as deeply inset porches & large pane windows for taking in magnificent sunsets. The family compound includes a 4 bed, 2 bath, 1684 sq. ft. summer cottage, called the 'Dinghy€. The Mill & Dinghy are set gracefully into the picturesque landscape and enjoy breathtaking seascape views from every room. A rare opportunity to become a steward of this amazing home, as the current family has been for over 130 years. Nearby Sakonnet Point Beaches. Potential for separate purchase of neighbors abutting land. $$ Rental Income Potential. Buyer to pay LCAT

Room Information

  • Bathroom
  • Bathroom
  • Bedroom (11 X 11)
  • Bedroom (11 X 12)
  • Bedroom (14 X 13)
  • Bedroom (9 X 14)
  • Dining Area (17 X 23)
  • Half Bathroom (6 X 4)
  • Half Bathroom (6 X 4)
  • Kitchen (11 X 12)
  • Laundry Room (16 X 10)
  • Library (13 X 11)
  • Living Room (17 X 23)
  • Master Bedroom (14 X 14)
  • Porch (22 X 25)
  • Sun Room (6 X 10)

Interior 11

Appliances

  • Dryer
  • Range/Oven
  • Refrigerator
  • Washer

Attic

  • Storage Only

Basement

  • Bulkhead
  • Partial Basement
  • Unfinished

Cooling System

  • Ceiling Fan(s)

Fireplace

  • 3 Fireplaces
  • Brick
  • Stone

Flooring

  • Pine

Heating Source

  • Oil

Heating System

  • Hot Water Heater: Oil
  • Steam

Interior

  • Walls: Paneled
  • Walls: Plaster
  • Walls: Wood

Sewer

  • Cesspool

Water Source

  • Well

Exterior 7

Community Amenities

  • Marina

Exterior

  • Guest House
  • Patio
  • Screened Porch

Foundation

  • Concrete

Garage

  • 1 Car

Lot Description

  • Private

Parking

  • 1-20 Parking Spaces

Siding

  • Shingle Exterior

Miscellaneous 5

Location

  • Near Golf Course
  • Near Recreation
  • Near School

Other

  • Mixed Plumbing

Restrictions

  • No Pets
  • Smoking Restricted

Utilities

  • Electric 200 Amps
  • Electric Circuit Breakers
  • TV-Cable

View

  • Water View

† Excluded Feature

Listed By

Broker: KELLER WILLIAMS RLTY NEWPORT

581 West Main RD, Little Compton, RI, 02837 is a Single Family Home for sale at $1,495,000 with 2,939 sqft and a lot size of 1.1800 Acre(s). 581 West Main RD has 5 bedrooms, 2.2 baths, and was built in 1886. The property's zip code is 02837 which is in Little Compton, RI

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Pricing History

Date Price Price Change Description
10/2/2018 $1,495,000 -6.56 % Price Change
8/29/2018 $1,600,000 -5.88 % Price Change
7/6/2018 $1,700,000 -5.56 % Price Change
5/4/2018 $1,800,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Little Compton $764,314 49 % below $585,000 61 % below
Single family listings in Little Compton $857,643 43 % below $649,000 57 % below

Get the facts about Little Compton, RI!

Population 3,637
Population Growth (since 2000) 1 %
Median Income $82,333
Median Age 52.23
Households w/ Children 19 %

Residential Dwellings

  • Owned 1293
  • Vacant 758
  • Rented 271

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363