Built in 1926 and nestled within a 77 acre estate association, The Stables at Gray Craig" is one of the more peaceful and private residences on Aquidneck Island. Offering 5 bedrooms, 4 full and 2 half baths within more than 10,000ft., the main house and its guest quarters are abundant in period detail and charm. The first level is both elegant and comfortable and is comprised of a spacious great room, an office which leads to a beautiful patio, dining room which is conveniently located next to the expansive kitchen, family room, two bathrooms, and two bedrooms. The second level consists of a large primary suite, a guest bedroom and 2 full baths. The third level is a separate seating area with a private balcony that overlooks spectacular grounds with a wonderful ocean view. The lower level is partially finished w/ a magnificent wine cellar and lounge area, gym and half bath. The original Gray Craig estate was designed by well-known architect Harrie T. Lindeberg and was centered around a chateau-like home which included kennels, greenhouses, a secret garden, tea house, gate house and "The Stables". Currently, the Gray Craig estate is a private association which abuts acres of conservation land and wildlife sanctuaries. Located 2+ miles from Newport and a mile from Sachuest Beach, the location is a perfect retreat for those who desire privacy, but also enjoy having the ocean and all that Newport has to offer within close proximity.
Property Details
Property Features
Property Information:
Architectural Style: Historic/Antique
Year Built: 1926
Stories: 2
Living Area: 10,263 SqFt
Listing Office:
Office Name: Lila Delman Compass
Office Phone: (401) 848-2101
Interior Features
Interior Information:
Appliances: Water Heater
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood, Marble
Interior: Bathtub, Stall Shower, Wine Cellar
Fireplace: Marble, Stone
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 4
Total Bedroom Count: 5
Exterior Features
Parking Information:
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 2.76 Acres
Utilities
Utilities Information:
Heating: Forced Air, Oil, Radiant
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $5,400,000
Price Per SqFt: $526/SqFt
HOA Fees:
Amount: $500
Frequency: Monthly
Tax Information:
Annual Amount: $54,995
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Middletown, RI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.5K
Per Month
Principal & Interest
$26.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$500
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.2K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Joseph Gaudet Academy
1113 Aquidneck Ave
Distance between this listing and this school1.64 miles
Public District Grades 4-4
4
/10
Claiborne Pell Elementary School
35 Dexter St
Distance between this listing and this school2.30 miles
Public District Grades PK-4
9
/10
Melville Elementary School
1351 W Main Rd
Distance between this listing and this school5.75 miles
Public District Grades KG-4
Nearby Schools
8
/10
Joseph H. Gaudet School
1113 Aquidneck Ave
Distance between this listing and this school1.64 miles
Public District Grades 5-8
3
/10
Frank E. Thompson Middle School
55 Dr Marcus Wheatland Blvd
Distance between this listing and this school2.59 miles
Public District Grades 5-8
8
/10
Portsmouth Middle School
125 Jepson Ln
Distance between this listing and this school4.03 miles
Public District Grades 5-8
Nearby Schools
4
/10
Middletown High School
130 Valley Rd
Distance between this listing and this school1.81 miles
Public District Grades 9-12
3
/10
Rogers High School
15 Wickham Rd
Distance between this listing and this school3.73 miles
Public District Grades 9-12
7
/10
Portsmouth High School
120 Education Ln
Distance between this listing and this school7.84 miles
The neighbors living near this home have an average income of $107,000. The majority of Middletown, RI residents have income between $100k-200k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Middletown, 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 Middletown, RI?
Middletown's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that span from classic colonial to contemporary. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more communal living experience. The area's construction history is varied, with many homes dating back to the mid-20th century, while recent developments have introduced modern amenities and designs into the mix.
Is Middletown, RI a good place to live?
Middletown is celebrated for its serene coastal charm and a strong sense of community. The town's character is defined by its picturesque landscapes, including well-maintained beaches and public parks that offer residents a peaceful retreat. Local events and festivals throughout the year, such as the Middletown Founders Day Parade, reflect the town's rich history and foster a sense of pride among residents. The community's ambiance is further enhanced by its commitment to preserving its natural beauty and historical significance.
Are things conveniently located in Middletown, RI?
The community is served by a range of essential services, ensuring residents have access to necessary amenities. The educational landscape includes several public schools that cater to different age groups, as well as private institutions that offer alternative educational pathways. Healthcare needs are met by local clinics and nearby hospitals that provide a spectrum of medical services. Middletown also features a public library system that supports lifelong learning. Retail and dining options are plentiful, with local businesses and eateries reflecting the town's coastal culture and culinary diversity.
What does the transportation in Middletown, RI look like?
Transportation in Middletown is facilitated by a network of roads that connect residents to neighboring cities and attractions. Public transit options are available, providing connections to key areas within the town and beyond. The community's layout encourages walkability in certain districts, particularly around commercial centers and residential neighborhoods. For those who prefer cycling, there are bike-friendly routes that make navigating the town more accessible. While specific ride-sharing services are not mentioned, such options are commonly used by residents for added convenience.
Frequently Asked Questions About 216 Gray Craig Rd
What is the listing price of this property?
The listing price of 216 Gray Craig Rd property is $5,400,000.
What type of property is this?
The property 216 Gray Craig Rd is a house located in Middletown, Rhode Island, 02842.
Is this property for sale now?
Active Listing: 216 Gray Craig Rd 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 2020 is $54,995 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 8, 1999 for $1,500,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 216 Gray Craig Rd has 5 bedrooms and 4 full and 2 half bathrooms.
What is the square footage of this property?
The property 216 Gray Craig Rd is 10,263 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 216 Gray Craig Rd is 1926.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 216 Gray Craig Rd in Middletown, RI and zip code 02842. This 10,263 square foot home, which was built in 1926, sits on a 2.76 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $5,400,000.
In October 2024, from all listings sold in Middletown, RI there were more than 4 sold above asking price, over 6 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Middletown, RI decreased by 13.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $722,500, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
Figure Skating
BJs Wholesale Club
Stein Mart
Kmart
Panera
Cracker Barrel
Bob Evans
Infiniti
Lexus
Lincoln
Adult Hits
Oldies
News/Talk/Information