$1,695,000
UNDER CONTRACT

97 Harrison Ave Unit 1 Newport, RI 02840

Ocean Drive Neighborhood

Estimated payment $10,435/month

Total Views 2,792
3 Beds
2.5 Baths
2,600 Sq Ft
$652 Price per Sq Ft

Highlights

  • Marina
  • 1.38 Acre Lot
  • Cathedral Ceiling
  • Golf Course Community
  • Wooded Lot
  • Wood Flooring

About This Home

Welcome to Pen Craig Gatehouse Condominiums -situated on the former Gilded Age estate of author Edith Wharton. This stand-alone condo is nestled amongst enchanting landscaped grounds with secret gardens off beautiful Brenton Cove, and just a short stroll to Newport Harbor and the New York Yacht Club. The original Potting Shed, which is now magical guest quarters, was added onto in the 50's, and again in the 80's, including a large living room, with a fieldstone fireplace, opening to a private terrace. This quiet, desirable location affords you the perfect Newport experience...bike to beaches, walk to King Park, or just read under the 100 year old trees at the picnic table on the grounds.

Listing Agent

Tollefson Warburg Team

Lila Delman Compass Listed on: 07/24/2025

Lila Delman Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,264

Year Built

  • Built in 1957

HOA Fees

  • $712 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Combination Foundation
  • Shingle Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • 3 Fireplaces
  • Fireplace Features Masonry
  • Security System Owned
  • Laundry in unit

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage
  • Unassigned Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • Wooded Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 268
  • Assessor Parcel Number 97HARRISONAVP1NEWP

Community Details

Overview

  • Association fees include insurance, ground maintenance, pest control, snow removal, water
  • 5 Units
  • New York Yacht Club Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,264

Year Built

Built in 1957

Lot Details

0

HOA Fees

$712 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 1.3774
  • Subdivision Name: New York Yacht Club
  • Above Grade Finished Sq Ft: 2600.0
  • Building Name: Pen Craig
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1957
  • Property Sub Type Additional: Condominium
  • Pets No Pets Comments: Cats,Small Dogs (under 25 lbs.)
  • Special Features: 4224
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Private Entry
  • Fireplace Features: Masonry
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), High Ceilings, Stall Shower, Tub Shower, Vaulted Ceiling(s)
  • Living Area: 2600.0
  • Stories: 2

Exterior Features

  • Lot Features: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Brick, Shingle Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage, Unassigned
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned
  • Cooling: Ductless, 1 Unit
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 712.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Pest Control, Snow Removal, Water

Lot Info

  • Lot Size Sq Ft: 60000.0
  • Parcel #: 97HARRISONAVP1NEWP
  • Zoning: R120

Multi Family

  • Number Of Units In Community: 5

Tax Info

  • Tax Annual Amount: 9264.0
  • Tax Lot: 268
  • Tax Map Number: 41
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,685 $513,200 $0 $513,200
2024 $3,577 $513,200 $0 $513,200
2023 $3,357 $338,400 $0 $338,400
2022 $3,252 $338,400 $0 $338,400
2021 $3,157 $338,400 $0 $338,400
2020 $3,204 $311,700 $0 $311,700
2019 $3,204 $311,700 $0 $311,700
2018 $3,114 $311,700 $0 $311,700
2017 $3,494 $311,700 $0 $311,700
2016 $3,407 $311,700 $0 $311,700
2015 $3,326 $311,700 $0 $311,700
2014 $3,371 $279,500 $0 $279,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $1,695,000 0.0% $652 / Sq Ft
12/19/2019 12/19/19 Rented $1,800 -5.3% --
11/19/2019 11/19/19 Under Contract -- -- --
08/21/2019 08/21/19 For Rent $1,900 -- --
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Deed $335,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,000 No Value Available
Closed $200,000 Purchase Money Mortgage
Source: Public Records

Source: State-Wide MLS

MLS Number: 1390646

State-Wide MLS

APN: NEWP-000041-000268-G000001

Rhode Island Newport County Newport 02840 Ocean Drive

97 Harrison Ave Unit 1, Newport, RI

This home is located at 97 Harrison Ave Unit 1, Newport, RI 02840 and is currently priced at $1,695,000, approximately $651 per square foot. This property was built in 1957. 97 Harrison Ave Unit 1 is a home located in Newport County with nearby schools including Rogers High School and St Michael's Country Day 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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Listing Agent
Tollefson Warburg Team
Section Image
Lila Delman Compass
(401) 386-9110