78 Rhode Island Ave Unit 5 Newport, RI 02840
Kay-Catherine Neighborhood
2
Beds
2
Baths
1,680
Sq Ft
$752/mo
HOA Fee
Highlights
- 0.86 Acre Lot
- Private Lot
- 2 Fireplaces
- Deck
- Marble Flooring
- 3-minute walk to J Paul Braga Junior Memorial Field
About This Home
As of July 2025Discover historic elegance and modern luxury in this exquisite 2-bedroom, 2-bath condominium at Eastbourne Lodge. Nestled in one of Newport's most sought-after neighborhoods, this nearly 1,700 sq. ft. residence offers refined living with effortless convenience. Once a grand private estate, Eastbourne Lodge now boasts eight exclusive residences. Unit 5, situated on the second floor, is accessible via a grand staircase or Elevator. The open-concept layout features soaring ceilings, oversized deep-set windows, and two fireplaces for warmth and ambiance. Whitewashed oak beams and hardwood floors enhance the coastal charm. The gourmet kitchen, set in a picturesque bay window, features high-end appliances and granite countertops. The master suite is a tranquil retreat with turreted architectural details, a walk-in closet, and a spa-inspired ensuite with an oversized rain shower. Exclusive amenities include 500 SF - private lower-level storage, a beautifully appointed rooftop deck, and manicured grounds with stone walkways and lush gardens. Ideally located, this residence is just minutes from historic downtown Newport, iconic beaches, and scenic trails. Steeped in Newport's rich Gilded Age history, Eastbourne Lodge offers a rare opportunity to own a timeless home with modern comforts. Ease of living in this exquisite turn-key one of a kind iconic property.
Last Agent to Sell the Property
Lila Delman Compass License #RES.0029644 Listed on: 04/16/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $15,365
Year Built
- Built in 1900
HOA Fees
- $752 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 1,680 Sq Ft Home
- 1-Story Property
- 2 Fireplaces
- Marble Fireplace
- Storage Room
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
- Unassigned Parking
Outdoor Features
- Walking Distance to Water
- Deck
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- Underground Utilities
- Gas Water Heater
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Secluded Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 218-5
- Assessor Parcel Number 78RHODEISLANDAV5NEWP
Community Details
Overview
- Association fees include ground maintenance, parking, sewer, snow removal, trash, water
- 8 Units
- Kay / Catherine Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Tennis Courts
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2019
Closed on
Jun 6, 2019
Sold by
Wood-Nicholson Sheridan
Bought by
Raisides James P and Raisides Vonda L
Seller's Agent
Julie Warburg
Lila Delman Compass
Buyer's Agent
George Tollefson
Lila Delman Compass
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Total Days on Market
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$450,000
Outstanding Balance
$400,477
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,273,087
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Sold | $1,500,000 | -6.0% | $893 / Sq Ft |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $1,595,000 | +77.2% | $949 / Sq Ft |
| 06/07/2019 06/07/19 | Sold | $900,000 | -5.3% | $536 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 04/01/2019 04/01/19 | For Sale | $950,000 | +16.6% | $565 / Sq Ft |
| 01/11/2018 01/11/18 | Sold | $815,000 | +4.6% | $485 / Sq Ft |
| 12/12/2017 12/12/17 | Pending | -- | -- | -- |
| 09/20/2017 09/20/17 | For Sale | $779,000 | -- | $464 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $15,363 | $1,869,000 | $0 | $1,869,000 |
| 2023 | $8,615 | $868,400 | $0 | $868,400 |
| 2022 | $8,345 | $868,400 | $0 | $868,400 |
| 2021 | $8,102 | $868,400 | $0 | $868,400 |
| 2020 | $8,118 | $789,700 | $0 | $789,700 |
| 2019 | $8,118 | $789,700 | $0 | $789,700 |
| 2018 | $6,082 | $608,800 | $0 | $608,800 |
Source: Public Records
Agents Affiliated with this Home
-
P
Seller's Agent in 2025
Pila Pexton
Lila Delman Compass
-
T
Buyer's Agent in 2025
Team KEY
KEY Real Estate Services
-
J
Seller's Agent in 2019
Julie Warburg
Lila Delman Compass
-
G
Seller Co-Listing Agent in 2019
George Tollefson
Lila Delman Compass
-
M
Seller's Agent in 2018
Melvin Hill IV
Private Properties
Map
Source: State-Wide MLS
MLS Number: 1382481
APN: 20 218 5
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