315 Ocean Ave Newport, RI 02840
Ocean Drive NeighborhoodEstimated payment $50,376/month
Highlights
- Water Views
- In Ground Pool
- 3.71 Acre Lot
- Wine Cellar
- Sauna
- Wood Flooring
About This Home
Twin Ledges located on historic Ocean Drive, is a charming seaside home offering privacy and seclusion overlooking beautifully landscaped grounds with sprawling lawns and the ocean beyond. This shingled-style residence, custom built in 1982, is set on almost four acres with an interior boasting four levels of finished living space, designed to maximize natural light and scenic views. The spacious living/dining area has an open and airy feel with high ceilings and large windows, leading to a captivating, enclosed porch, perfect for entertaining. The primary en-suite ensures coziness with a wood burning fireplace, plus two additional bedrooms in the main house. A finished lower level with steam shower offers access to the heated saltwater pool, while the two-car garage features an elegant one-bedroom in-law suite above connected by a porte-cochere.
Listing Agent
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0033933 Listed on: 07/25/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $48,281
Year Built
- Built in 1982
Lot Details
- 3.71 Acre Lot
- Property is zoned R160
Parking
- 2 Car Attached Garage
Home Design
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4-Story Property
- Central Vacuum
- 2 Fireplaces
- Fireplace Features Masonry
- Wine Cellar
- Family Room
- Storage Room
- Dryer
- Utility Room
- Sauna
- Water Views
- Security System Owned
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Cedar Closet
- Bathtub with Shower
- Steam Shower
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Pool
- In Ground Pool
- Saltwater Pool
Outdoor Features
- Walking Distance to Water
- Patio
- Porch
Utilities
- Ductless Heating Or Cooling System
- Zoned Heating and Cooling System
- Heating System Uses Oil
- Heating System Uses Steam
- Underground Utilities
- 200+ Amp Service
- Oil Water Heater
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Tax Lot 43
- Assessor Parcel Number 315OCEANAVNEWP
Community Details
Overview
- Ocean Ave Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Recreation Facilities
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $59,338 | $7,218,700 | $4,373,300 | $2,845,400 |
| 2023 | $46,619 | $4,699,500 | $2,852,700 | $1,846,800 |
| 2022 | $50,383 | $5,242,800 | $3,396,000 | $1,846,800 |
| 2021 | $48,915 | $5,242,800 | $3,396,000 | $1,846,800 |
| 2020 | $40,237 | $4,469,800 | $3,134,400 | $1,335,400 |
| 2019 | $45,950 | $4,469,800 | $3,134,400 | $1,335,400 |
| 2018 | $44,653 | $4,469,800 | $3,134,400 | $1,335,400 |
| 2017 | $45,388 | $4,048,900 | $2,875,100 | $1,173,800 |
| 2016 | $44,254 | $4,048,900 | $2,875,100 | $1,173,800 |
| 2015 | $43,202 | $4,048,900 | $2,875,100 | $1,173,800 |
| 2014 | $37,361 | $3,097,900 | $1,797,000 | $1,300,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $8,700,000 | -- | $1,894 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Source: State-Wide MLS
MLS Number: 1390521
APN: NEWP-000043-000000-000044
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