$10,000,000
PENDING $4M PRICE INCREASE

Estimated payment $57,770/month

Total Views 2,376
2 Beds
2 Baths
3,164 Sq Ft
$3,161 Price per Sq Ft

Highlights

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

About This Home

A rare opportunity to renovate or build new on 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 a secluded cove on the property or walk down to your own boat slip at the Fort Wetherill boatyard. The property is 3.18 acres. An eight bedroom OWTS (septic) design has been APPROVED allowing for an additional 5 bedrooms on this property while reserving 3 bedrooms for the adjacent property. A Preliminary Determination from CRMC clarifies coastal setbacks, view corridors, and suitability for construction or renovation on the property. 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/Boston.

Listing Agent

Deb Foppert

Jamestown Real Estate LLC License #REB.0019071 Listed on: 06/16/2025

Co-Listing Agent

Matthew Archer

Jamestown Real Estate LLC License #RES.0046203

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,500

Year Built

  • Built in 1990

Lot Details

  • 3.18 Acre Lot
  • Beach Front
  • Property is zoned R-80

Parking

  • 8 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Combination Foundation
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Wood Burning Stove
  • Workshop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Water Access

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Baseboard Heating
  • Well
  • Gas Water Heater
  • 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

Additional Features

  • The Dumplings Subdivision
  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,500

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.18
  • Co List Office Mls Id: JMRE
  • Co List Office Phone: 401-423-2329
  • Inclusions: Property comprised of 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
  • Above Grade Finished Sq Ft: 2156.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1990
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1008.0
  • Fireplace Features: None
  • Fireplaces: 1
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Vaulted Ceiling(s), Wood Burning Stove
  • Living Area: 3164.0
  • Dining Room Type: Workshop
  • Stories: 3

Exterior Features

  • Lot Features: Multiple lots, Waterfront
  • Waterfront Features: Beach Front, Dock Access, Water Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Shingle Siding
  • Foundation Details: Combination

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil, Wood
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 138520.0
  • Parcel #: 2FORTWETHERILLRDJAME
  • Zoning: R-80

Tax Info

  • Tax Annual Amount: 30500.0
  • Tax Lot: 124/35
  • Tax Map Number: 10
  • Tax Year: 2024

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
07/22/2025 07/22/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $10,000,000 +53.8% $3,161 / Sq Ft
06/16/2025 06/16/25 For Sale $6,500,000 -- $2,054 / Sq Ft
Source: State-Wide MLS

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Source: State-Wide MLS

MLS Number: 1387813

State-Wide MLS

APN: JAME M:10 L:124