2 months on rocket

10 Ocean Lawn Ln, Newport, RI, 02840

$8,500,000

8 Bedrooms
9 Full Baths, 1 Partial
12,040 SqFt
$706/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached GarageYes
Year Built2017
HeatingCentral, Forced Air, Natural Gas, Zoned
CoolingCentral Air
BasementYes
WaterfrontWaterfront
FireplaceGas, Masonry
MLS #1370588
Lot Size2.82 Acres
StatusActive

About 10 Ocean Lawn Ln

Built and completed in 2017 by Horan Building Company, this stunning stone and shingled home is located in a private, gated estate of Ocean Lawn, originally part of the historic and exclusive Firestone Estate. Offering exceptional details in its design and millwork, Ocean Lawn boasts luxurious living spaces, capturing a classic New England style with modern elegance. The open floor plan lends itself to easy family living and an abundance of natural light with southern exposure. A chef's kitchen includes Rhino marble countertops, professional grade appliances, custom cabinetry and unique lighting. The living areas each with fireplaces, open to a lovely outdoor entertaining area with bluestone patio, heated pool and hot tub. With the primary suite on the main level, there are 7 additional bedrooms offered on 4 levels. Also included are a game room with bar, theatre room, fitness room, and 3 car attached garage. Sited on 3 acres and adorned with specimen trees, the location offers easy access to the famed Cliff Walk, Bellevue, local beaches and trendy downtown Newport. The residence is completely turnkey!

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 2017
  • Stories: 4
  • Living Area: 12,040 SqFt

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Range Hood, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Carpet
  • Interior: Wet Bar, Bathtub, Cathedral Ceiling(s), Stall Shower, Tub Shower, Jetted Tub, Cable TV, Wine Cellar
  • Fireplace: Gas, Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 9
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Patio

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot: Private, Secluded
  • Lot Size: 2.82 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $706/SqFt

HOA Fees:

  • Amount: $429
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $49,285
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, RI.

Med. Sold Price

$898K

Med. Price/SqFt

$592

Avg. Days On Market

33

# of Sold Homes

16

10 Ocean Lawn Ln vs Newport

72 DAYS ON ROCKET

+39 Days

$8,500,000

+$7.6M More

$706/SqFt

+$114 More

KEY TAKEAWAY

This property is $7.6M more than the Median Sold Price and $114/SqFt more than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1370588

Listing Office:

  • Office Name: Gustave White Sotheby's Realty
  • Office Phone: (401) 849-3000

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 08, 2021Home Sold
$7,100,000

Tax History

YEARPROP. TAXASSESSMENT
2021$49,285$5,282,400
2020$53,021$5,157,700
2019$53,021$5,157,700
2018$51,525$5,157,700
2017$40,744$3,634,600

History based on county public records data.

Payment Calculator

$42.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-784851
4
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 2.13 miles

  • Public District Grades PK-4

school-card-donut-784852
5
/10
  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 3.06 miles

  • Public District Grades 4-4

school-card-donut-784853
7
/10
  • Melrose Avenue School

  • 76 Melrose Ave

  • 4.42 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,010. The most common annual income of people living in Newport, RI is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newport, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Newport, RI?

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

Is Newport, RI a good place to live?

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Are things conveniently located in Newport, RI?

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

What does the transportation in Newport, RI look like?

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

Frequently Asked Questions About 10 Ocean Lawn Ln

What is the listing price of this property?

The listing price of 10 Ocean Lawn Ln property is $8,500,000.

What type of property is this?

The property 10 Ocean Lawn Ln is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 10 Ocean Lawn Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $49,285 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 8, 2021 for $7,100,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 10 Ocean Lawn Ln has 8 bedrooms and 9 full and 1 half bathrooms.

What is the square footage of this property?

The property 10 Ocean Lawn Ln is 12,040 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 10 Ocean Lawn Ln is 2017.
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Rocket Homes›Rhode Island›Newport County›Newport›02840›10 Ocean Lawn Ln

This home is located at 10 Ocean Lawn Ln in Newport, RI and zip code 02840. This 12,040 square foot home, which was built in 2017, sits on a 2.82 acre lot. Features: 8 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $8,500,000.

In November 2024, from all listings sold in Newport, RI there were more than 6 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price. The number of listings in Newport, RI decreased by 4.3% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $898,000.

From Rocket Homes Real Estate and based on county public records data.

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