315 Ocean Ave Newport, RI 02840
Ocean Drive NeighborhoodEstimated payment $40,433/month
Highlights
- Water Views
- In Ground Pool
- 3.71 Acre Lot
- Wine Cellar
- Sauna
- Vaulted Ceiling
About This Home
Twin Ledges located on historic Ocean Drive, is a charming seaside retreat, offering privacy and seclusion, nestled within beautifully landscaped grounds, expansive lawns and ocean views. The shingled-style residence, custom built in 1982, sits on nearly four acres and features four levels of finished living space, designed to maximize natural light and scenic vistas. The main level offers a spacious living and dining area with an open, airy feel highlighted by vaulted ceilings, a wood-burning fireplace, and large windows that frame the surrounding landscape. A charming kitchen provides convenience while maintaining the home's open layout. The living space flows seamlessly to captivating, enclosed porch - perfect for gathering with family and guests while enjoying the coastal setting. Two bedrooms, a full bath and powder room complete this level. The top floor's primary en-suite bedroom boasts its own wood-burning fireplace and lovely views of the ocean. The finished lower level offers comfortable living space, complimented by a steam shower, wine cellar, and cedar closet with direct access to the heated saltwater pool. A two-car garage includes an elegant one-bedroom in-law suite above, connected to the main residence by a classic porte-cochere.
Listing Agent
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0033933 Listed on: 03/12/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,754
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
- 3-Story Property
- Central Vacuum
- Vaulted Ceiling
- 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
- Walk-Out Basement
- Basement Fills Entire Space Under The House
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
- Hot Water Heating System
- 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 Drive Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Recreation Facilities
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $62,723 | $7,218,700 | $4,373,300 | $2,845,400 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2026 09/15/26 | Price Changed | $6,500,000 | -17.2% | $1,415 / Sq Ft |
| 03/12/2026 03/12/26 | For Sale | $7,850,000 | -- | $1,709 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Source: State-Wide MLS
MLS Number: 1406341
APN: NEWP-000043-000000-000044
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