1 month on rocket

599 Ocean Ave, Newport, RI, 02840

$8,250,000

4 Bedrooms
5 Full Baths, 1 Partial
5,424 SqFt
$1,521/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingBuilt In, Garage Door Opener
Attached GarageYes
Year Built2001
HeatingNatural Gas, Radiant, Zoned
CoolingHeat Pump, Central Air
BasementYes
WaterfrontBeach, Water Access, Waterfront
FireplaceGas
ViewWater
MLS #1355278
Lot Size0.48 Acres
StatusActive

About 599 Ocean Ave

Enjoy the pinnacle of coastal living from the front row of Newport's famed Ocean Drive. Sunset facing, light-filled rooms have sweeping, unobstructed views of the Atlantic Ocean, breaking waves, rugged shoreline, and nautical activity. "Ocean Mist" sits on a near half-acre of lush landscaping in a setting perfect for relaxation and entertaining. It conveys with deeded rights to a private beach mere yards away. Luxurious details and amenities throughout-high ceilings, elegantly curved walls, grand staircase, 1/4 sawn hardwood flooring, handmade built-ins and cabinetry. A wood paneled elevator services 6,030 sq ft of living area that includes 4 bedrooms, 5 baths, open concept true chef's kitchen/living/dining area, 3 fireplaces and great room w/ wet bar and covered porch. The primary suite has incredible ocean views, 2 full baths, sitting room, and cupola for meditation or exercise. Large ensuite bedrooms have vaulted ceilings, ocean view porch and balcony. A sunny walk out lower level is designed to customize as a private guest room with bath, live-in suite, gym, entertainment area, or exceptional home office. Curated outdoor space has custom stonework, large private pergola-covered deck w/ trellis, awning, kitchen, and mahogany bar perfect for coffee or cocktails. The travertine patio is gas plumbed with spa, shower, waterfall, and koi pond. Gated entrance, heated three car garage, paver driveway w/ ample parking and exceptional mechanicals make Ocean Mist a joy to own.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2001
  • Stories: 3
  • Living Area: 5,424 SqFt

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Trash Compactor, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Marble
  • Interior: Attic, Wet Bar, Cedar Closet(s), Cathedral Ceiling(s), Permanent Attic Stairs, Skylights, Central Vacuum, Elevator, Cable TV
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Beach, Water Access, Waterfront
  • View: Water
  • Exterior: Balcony, Deck, Porch, Patio, Barbecue, Sprinkler/Irrigation, Paved Driveway

Parking Information:

  • Attached Garage: Yes
  • Parking: Built In, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot, Sprinklers
  • Lot Size: 0.48 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant, Zoned
  • Cooling: Heat Pump, Central Air

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Frank E. Thompson Middle School, Public District Grades 5-8
  • Claiborne Pell Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,250,000
  • Price Per SqFt: $1,521/SqFt

Tax Information:

  • Annual Amount: $39,481
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$820K

Med. Price/SqFt

$566

Avg. Days On Market

60

# of Sold Homes

18

599 Ocean Ave vs Newport

30 DAYS ON ROCKET

-30 Days

$8,250,000

+$7.4M More

$1,521/SqFt

+$955 More

KEY TAKEAWAY

This property is $7.4M more than the Median Sold Price and $955/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: #1355278

Listing Office:

  • Office Name: Lila Delman Compass
  • Office Phone: (401) 848-2101

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: 4/28/2024, 9:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 03, 1998Home Sold
$485,000

Tax History

YEARPROP. TAXASSESSMENT
2021$39,481$4,231,600
2020$36,873$3,586,900
2019$36,873$3,586,900
2018$35,833$3,586,900
2017$35,181$3,138,400

History based on county public records data.

Payment Calculator

$41.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24.8K

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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.

Elementary School

school-card-donut-2120677
2
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 4.31 miles

  • Public District Grades PK-4

Middle School

school-card-donut-2120678
3
/10
  • Frank E. Thompson Middle School

  • 55 Broadway

  • 3.24 miles

  • Public District Grades 5-8

High School

school-card-donut-2120679
4
/10
  • Rogers High School

  • 15 Wickham Rd

  • 1.92 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $93,571. The majority of Newport, RI residents have income between $100k-200k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 599 Ocean Ave

What is the listing price of this property?

The listing price of 599 Ocean Ave property is $8,250,000.

What type of property is this?

The property 599 Ocean Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 599 Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 599 Ocean Ave are:
Claiborne Pell Elementary School: GreatSchools Rating 2/10
Frank E. Thompson Middle School: GreatSchools Rating 3/10
Rogers High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $39,481 (source: MLS/based on county public records data).

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

The last sale was on August 3, 1998 for $485,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 599 Ocean Ave has 4 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 599 Ocean Ave is 5,424 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 599 Ocean Ave is 2001.
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Rocket HomesRhode IslandNewport CountyNewport02840599 Ocean Ave

This home is located at 599 Ocean Ave in Newport, RI and zip code 02840. This 5,424 square foot home, which was built in 2001, sits on a 0.48 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $8,250,000.

In March 2024, from all listings sold in Newport, RI there were more than 2 sold above asking price, over 13 sold below and more than 3 were sold right at the asked price. In March 2024 in Newport, RI there were 20% more homes for sale than in February 2024. In March 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $820,000.

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

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