NOT LISTED FOR SALE

232 Ocean Ave Newport, RI 02840

Ocean Drive Neighborhood

Estimated Value: $8,051,000 - $15,797,027

7 Beds
7 Baths
8,000 Sq Ft
$1,356/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $12,500,000 $1,562 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $63,173/month

96 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • 4.39 Acre Lot
  • Guest House
  • Water Access
  • Deck

About This Home

As of October 2021

Enter through the well known white-brick, arched Gatehouse to.... NORMANDIE - First time offered to the market since 1974. Considered by many to be one of the most iconic and desirable estates and locations in all of Newport. Normandie is situated privately on 4.4 oceanfront acres with several access points to swimming from your own private beaches. This Bungalow style residence designed by the noted architectural firm, Delano and Aldrich of New York City, boasts many original details; red-quarry tiled flooring, Beechwood-paneled interior walls, beautiful curved dining room fir ceiling and a variety of mantel places in its 10+ fireplaces. Main house has 7 principal bedrooms each with their own fireplace and ensuite baths, The entry level Master suite has access out to patio and grounds.
East wing of the house has a 2 BR apt and an additional 1 BR apartment. Gate house at the entrance on Ocean Drive includes guest quarters along with garage/utility space.
Most definitely, a once in generational opportunity to own a true Newport masterpiece!

Last Agent to Sell the Property

Paul Leys

Gustave White Sotheby's Realty License #REC.0013814 Listed on: 06/10/2021

Last Buyer's Agent

Tristen Court

Capitol Realty Company License #REB.0016619

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,592

Year Built

  • Built in 1914

Lot Details

  • 4.39 Acre Lot
  • Beach Front
  • Private Lot
  • Secluded Lot
  • Property is zoned R 120

Parking

  • 4 Car Detached Garage

Home Design

  • Antique Architecture
  • Bungalow
  • Fixer Upper
  • Slab Foundation
  • Wood Siding
  • Masonry
  • Plaster

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • 10 Fireplaces
  • Fireplace Features Masonry
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Additional Homes

  • Guest House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 232OCEANAVNEWP

Community Details

Overview

  • Ocean Drive Subdivision

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,592

Year Built

Built in 1914

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.39
  • Subdivision Name: Ocean Drive
  • Above Grade Finished Sq Ft: 8000.0
  • Architectural Style: Bungalow, Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1914
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 7
  • Total Bedrooms: 7
  • Fireplace Features: Masonry
  • Fireplaces: 10
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Cable TV
  • Living Area: 8000.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Secluded, Waterfront
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Plaster, Wood Siding, Masonry
  • Exterior Features: Deck, Porch, Patio
  • Foundation Details: Slab
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 14.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 191228.0
  • Parcel #: 232OCEANAVNEWP
  • Zoning: R 120
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 66592.0
  • Tax Lot: 101
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Oct 15, 2021
Sold by
Normandie Irt and Gunning
Bought by
Sokol Igor and Sokol Lily
Seller's Agent
Paul Leys
Gustave White Sotheby's Realty
Buyer's Agent
Tristen Court
Capitol Realty Company
List Price
$15,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,500,000
-16.67%
Current Estimated Value
$10,851,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,648,658
Avg. Annual Appreciation
-3.52%

Purchase Details

Closed on
May 25, 2017
Sold by
Gunning Catherine F
Bought by
Gunning Catherine F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sokol Igor $12,500,000 None Available
Sokol Igor $12,500,000 None Available
Gunning Catherine F -- --
Gunning Catherine F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $12,500,000 -16.7% $1,563 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $15,000,000 -- $1,875 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $64,976 $7,478,000 $7,289,300 $188,700
2024 $61,491 $7,480,700 $7,289,300 $191,400
2023 $50,055 $5,045,900 $4,755,000 $290,900
2022 $57,742 $6,008,500 $5,717,600 $290,900
2021 $66,593 $7,137,500 $5,717,600 $1,419,900
2020 $61,494 $5,981,900 $4,663,800 $1,318,100
2019 $61,494 $5,981,900 $4,663,800 $1,318,100
2018 $59,759 $5,981,900 $4,663,800 $1,318,100
2017 $61,359 $5,473,600 $4,270,000 $1,203,600
2016 $59,826 $5,473,600 $4,270,000 $1,203,600
2015 $71,842 $6,733,100 $4,663,100 $2,070,000
2014 $58,349 $4,838,200 $3,643,100 $1,195,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Paul Leys

    Gustave White Sotheby's Realty

    (401) 862-6706

    2 in this area

    47 Total Sales

    Paul Leys
    Section Image

  • T

    Buyer's Agent in 2021

    Tristen Court

    Capitol Realty Company

    (401) 234-8769

    1 in this area

    4 Total Sales

    Tristen Court
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1284967

State-Wide MLS

APN: NEWP-000041-000000-000101

Rhode Island Newport County Newport 02840 Ocean Drive

232 Ocean Ave, Newport, RI

This home is located at 232 Ocean Ave, Newport, RI 02840 since 10 June 2021 and is currently estimated at $10,851,342, approximately $1,356 per square foot. This property was built in 1914. 232 Ocean Ave is a home located in Newport County with nearby schools including Rogers High School and St Michael's Country Day School.

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