265 Prospect Avenue Middletown, RI $ 2,500,000
265 Prospect Avenue
$ 2,500,000
Recently Listed New Construction
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265 Prospect Avenue

Middletown, RI, 02842
$ 2,500,000
Bedrooms7 Baths5.1 Sq 5,000

Monthly Estimate*

$ 15,393

265 Prospect Avenue, Middletown, RI 02842 - Image 1
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265 Prospect Avenue, Middletown, RI 02842 - Image 9
265 Prospect Avenue, Middletown, RI 02842 - Image 10
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265 Prospect Avenue, Middletown, RI 02842 - Image 12
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265 Prospect Avenue, Middletown, RI 02842 - Image 14
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Single Family Home for sale in Middletown, RI

for $2,500,000 with 7 bedrooms and 5 full baths, 1 half bath. This 5,000 square foot home was built in 2026 on a lot size of 4.5922.

Rare opportunity to complete a luxurious custom coastal estate a bike ride away from the beaches of Middletown & Newport! Situated on a generous half-acre lot in a highly desirable location, this expansive new construction is currently framed and ready for the next owner to bring the vision to life. The approved plans showcase an impressive 6-bedroom, 4.5-bath main residence thoughtfully designed for modern coastal living and large-scale entertaining. The open, light-filled layout features expansive living areas, a chef-inspired kitchen, and seamless indoor-outdoor flow ideal for gatherings and summer living near the shore. Above the attached two-car garage, the design includes a private 1-bedroom, 1-bath accessory dwelling unit (ADU), perfect for extended family, guests, or flexible living arrangements. Exceptional outdoor living, highlighted by an in-ground pool and generous entertaining spaces with wrap around deck/porch. Offered as-is with framing complete, this property presents a unique opportunity for builders, investors, or buyers seeking to customize a luxury residence in one of the area's most sought-after coastal communities. All architectural plans and design documents will transfer to the new owner, providing a head start toward completing this stunning home. Create your dream retreat just moments from Newport's world-class beaches, dining, and coastal attractions!

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Single Family Active

Price

$ 2,500,000

Bedrooms

7

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

4.5922

Year Built

2026

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1406343

Features
General
Sewer Public Sewer
Heating Oil Other
Cooling Central Air
Possession Close Through 45 Days
Garage Spaces 2
Patio/Porch Features Deck Porch Screened
Pool Features In Ground
Construction Materials Shingle Siding
Year Built 2026
Electric None
Stories Count 3
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2026
Business Type Other
Waterfront Features Beach Access Water Access
Community Features Golf Highway Access Marina Near Hospital Near Schools Other Pool Public Transportation Recreation Area Restaurant Shopping See Remarks Tennis Court(s)
County Newport
New Construction true
Property Type Residential
Attached Garage true
Garage Y/N true
Total Rooms 12
Full Baths 5
Status Active
City Middletown
Senior Community Y/N false
Lot Size Units Square Feet
Lot Size Square Feet 200037
Land Lease Y/N false
Tax Annual Amount 0
Property Condition Under Construction
Virtual Tour https://tour.RiLiving.com/265-Prospect-Avenue-Middletown-RI-02842
Standard Status Active
Tax Assessed Value 862000
Tax Lot 46
Property Sub Type Additional Single Family Residence
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Interior
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Hardwood
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Total Bedrooms 7
Below Grade Finished Area 0
Total Baths 6
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Exterior
Exterior Amenities Deck Porch Paved Driveway
Parking Features Attached Garage
Water Source Public
Total Parking 8
Inclusions Some photos digitally rendered/enhanced. This is an active construction site -- do not enter without permission. Approved plans attached. Taxes TBD upon completion.
Lot Size Area 200037
Foundation Details Combination Concrete Perimeter
Building Area Total 5000
Lot Size Acres 4.5922
Covered Spaces 2
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* Excluded Features
List By
J. Christopher Real Estate Grp

Broker

james.karalekas@yahoo.com

Email

Affordability Calculator

$15,393
Per Month
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Monthly Principal & Interest
$15,393
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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
3/13/2026$2,500,000 Listed Price

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265 Prospect Avenue, Middletown, RI, 02842 is a Single Family Home for sale at $2,500,000 with 5,000 sqft and a lot size of 4.5922. 265 Prospect Avenue has 7 bedrooms, 5.1 baths, and was built in 2026. The property's zip code is 02842 which is in Middletown, RI