$12,500,000

Estimated payment $68,879/month

Total Views 7,000
3.24 Acres
$3,861,720 Price per Acre
140,999 Sq Ft Lot

Highlights

  • Beach Front
  • Marina
  • Water Access
  • Melrose Avenue School Rated A-
  • Golf Course Community
  • 3.24 Acre Lot

About This Lot

A rare opportunity to create a family compound on own one of the most iconic waterfront locations on the East Coast. Offered for the first time in many generations, the Dragonline property sits alone atop a bluff at the mouth of Narragansett Bay, and boasts 360-degree unobstructed views with the Newport Bridge to the north, Aquidneck Island to the east, and Block Island, Point Judith, and Beavertail to the south and west. Originally the site of an historic 54 room homestead, today there are three distinct buildings awaiting renovation or reconstruction: the three story main studio/loft, the cabin nestled in cedar trees, and the two story accessory workshop. Swim from secluded coves on the property or walk down to your own boat slip at the Fort Wetherill boatyard. With a total of 3.2 acres, the property is comprised of two separate lots, each of which may have a separate building envelope. An application to the RIDEM for an eight bedroom OWTS (septic) design has been APPROVED. Preliminary Determination applications to CRMC clarify coastal setbacks, view corridors, and suitability for the construction of multiple homes. The site radiates a natural tranquility and calmness, while also being spacious and perfect for entertaining and family gatherings. Although secluded and private, the location allows for easy access to all that Jamestown and Newport have to offer, as well as easy travel to Providence and Boston. PROPERTY ALSO LISTED AS MLS #1381039.

Listing Agent

Deb Foppert

Jamestown Real Estate LLC License #REB.0019071 Listed on: 03/28/2025

Co-Listing Agent

Timothy Archer

Jamestown Real Estate LLC License #RES.0044566

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30,500

Year Built

  • 1930

Lot Details

  • 3.24 Acre Lot
  • Beach Front
  • Lot Has A Rolling Slope
  • Finished Lot(s)
  • Property is zoned R-80

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 124/35
  • Assessor Parcel Number 2FORTWETHERILLRDJAME

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Water Access

Additional Features

  • The Dumplings Subdivision
  • Restaurant

Property Details

Property Type

Land

Est. Annual Taxes

$30,500

Year Built

1930

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 3.2369
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: JMRE
  • Co List Office Phone: 401-423-2329
  • Inclusions: Property comprised of a vacant lot and a lot with a Cabin built in 1890's; Main structure built in 1990; Boat slip at Fort Wetherill Boat Owner's goes with the property. All disclosures attached to listing.
  • Subdivision Name: The Dumplings
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0
  • Year Built: 1930

Exterior Features

  • Lot Features: Multiple lots, Waterfront, Rolling Slope
  • Topography: Rolling
  • Waterfront Features: Beach Front, Dock Access, Water Access, Waterfront
  • Waterfront: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Restaurant, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 141000.0
  • Wooded Area: 15.0
  • Parcel #: 2FORTWETHERILLRDJAME
  • Zoning Description: Residential
  • Zoning: R-80
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 30500.0
  • Tax Lot: 124/35
  • Tax Map Number: 10
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 For Sale $12,500,000 0.0% $3,951 / Sq Ft
03/28/2025 03/28/25 For Sale $12,500,000 -- --
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1381042

State-Wide MLS

APN: JAME M:10 L:124