NOT LISTED FOR SALE

339 Ocean Ave Newport, RI 02840

Ocean Drive Neighborhood

Estimated Value: $8,553,000 - $20,420,956

26.74 Acres
$541,772 Price per Acre
1,164,794 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $11,000,000

Est. 32% increase in value since last sale

Current estimated payment $87,475/month

613 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Private Lot
  • Water Views
  • 26.74 Acre Lot
  • Wetlands on Lot

About This Lot

As of June 2022

RARE OFFERING-THIS 26.74 ACRE BUILDING SITE OFFERS THE MOST SPECTACULAR AND ELEVATED OCEAN VIEW COMPOUNDS AVAILABLE IN NEW ENGLAND. Perched above Ocean Drive with extraordinary Atlantic Ocean views to the south, pristine Price's Neck Cove to the east and Newport County Club to the west enjoy the most exceptional sunrises and sunsets available in Coastal Rhode Island. Formerly the Avalon Estate, this expansive building site plus adjacent 4.26 ac. lot is the private enclave you have looked for. Long, rolling grassy hills are accented by ledge outcroppings and mature trees. Directly abutting the Newport Country Club to the north and west, the back portion of the property overlooks NCC's 18th fairway and the famed Whitney Warren-designed clubhouse. Please enjoy property tour video.

Last Agent to Sell the Property

Kendra Toppa

Lila Delman Compass License #REB.0019349 Listed on: 10/09/2020

Lila Delman Compass

Co-Listed By

Eric Kirton

Lila Delman Compass License #REB.0018697

Last Buyer's Agent

Eric Kirton

Lila Delman Compass License #REB.0018697

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $124,392

Lot Details

  • 26.74 Acre Lot
  • Private Lot
  • Secluded Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • Finished Lot(s)
  • Property is zoned R160

Utilities

  • Underground Utilities
  • Water Not Available
  • Cable TV Available

Additional Features

  • Water Views
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 3,78
  • Assessor Parcel Number 339OCEAN(LOTA&LOT3)AVNEWP

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Walking Distance to Water
  • Wetlands on Lot

Additional Features

  • Ocean Drive Subdivision
  • Shops

Property Details

Property Type

Land

Est. Annual Taxes

$124,392

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 26.74
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: LILA02
  • Co List Office Phone: 401-848-2101
  • Subdivision Name: OCEAN DRIVE
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Private, Secluded, Sprinkler System, Wooded, Wetlands
  • Topography: Cleared
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Exterior Features: Sprinkler/Irrigation

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Not Available
  • Water Source: None

Condo/Co-op/Association

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

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 1164794.0
  • Wooded Area: 35.0
  • Parcel #: 339OCEAN(LOTA&LOT3)AVNEWP
  • Zoning Description: Residential
  • Zoning: R160
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 3,78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
Atlantic Properties Ret and Gelber
Bought by
Avalon Aequisition Llc
Current Estimated Value
$14,486,978
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
Avalon Aequisition Llc $16,000,000 None Available
Avalon Aequisition Llc $16,000,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $11,000,000 -21.4% --
10/09/2020 10/09/20 For Sale $14,000,000 -- --
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 $124,392 $14,316,000 $5,857,800 $8,458,200
2024 $117,678 $14,316,000 $5,857,800 $8,458,200
2023 $91,719 $9,245,900 $3,830,300 $5,415,600
2022 $120,779 $12,568,100 $7,152,500 $5,415,600
2021 $157,094 $16,837,500 $11,421,900 $5,415,600
2020 $155,132 $15,090,700 $11,256,600 $3,834,100
2019 $155,132 $15,090,700 $11,256,600 $3,834,100
2018 $150,756 $15,090,700 $11,256,600 $3,834,100
2017 $175,935 $15,694,500 $11,937,600 $3,756,900
2016 $185,810 $17,000,000 $13,243,100 $3,756,900
2015 $226,074 $21,187,800 $17,484,000 $3,703,800
2014 $119,196 $9,883,600 $6,888,600 $2,995,000
Source: Public Records

Agents Affiliated with this Home

  • Kendra Toppa

    Seller's Agent in 2022

    Kendra Toppa

    Lila Delman Compass

    (401) 339-6233

    3 in this area

    4 Total Sales

    Kendra Toppa
    Section Image
  • Eric Kirton

    Seller Co-Listing Agent in 2022

    Eric Kirton

    Lila Delman Compass

    (401) 743-2744

    7 in this area

    92 Total Sales

    Eric Kirton
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1266659

State-Wide MLS

APN: NEWP-000043-000000-000011

Rhode Island Newport County Newport 02840 Ocean Drive

339 Ocean Ave, Newport, RI

This home is located at 339 Ocean Ave, Newport, RI 02840 since 09 October 2020 and is currently estimated at $14,486,978. 339 Ocean Ave is a home located in Newport County with nearby schools including Rogers High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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