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About This Home

This 3-bedroom, 5-bathroom single family at 315 Ocean Avenue in Newport, RI is listed for $7,850,000 ($2,432 per sqft). Built in 1982, the home offers 3,228 sqft of living space on a 3.71 acres lot.

Agent Description

"Twin Ledges" located on historic Ocean Drive, is a charming seaside retreat, offering privacy and seclusion, nestled within beautifully landscaped grounds, expansive lawns and ocean views. The shingled-style residence, custom built in 1982, sits on nearly four acres and features four levels of finished living space, designed to maximize natural light and scenic vistas.

The main level offers a spacious living and dining area with an open, airy feel highlighted by vaulted ceilings, a wood-burning fireplace, and large windows that frame the surrounding landscape. A charming kitchen provides convenience while maintaining the home's open layout.

The living space flows seamlessly to captivating, enclosed porch - perfect for gathering with family and guests while enjoying the coastal setting. Two bedrooms, a full bath and powder room complete this level. The top floor's primary en-suite bedroom boasts its own wood-burning fireplace and lovely views of the ocean.

The finished lower level offers comfortable living space, complimented by a steam shower, wine cellar, and cedar closet with direct access to the heated saltwater pool. A two-car garage includes an elegant one-bedroom in-law suite above, connected to the main residence by a classic porte-cochere.

Key Features

  • Built in 1982
  • 3.71 acre lot
  • 3 stories
  • 8 parking spaces
  • Fireplace

Property Details

3 stories
4 full, 1 half
8 spaces
1982

Amenities

FireplaceViewHardwoodA/C

Monthly Cost Estimate

$41,983/mo

20% down · 6.5% · 30 years

Principal$5,677
Interest$34,017
Insurance$2,290

Estimates only. Actual payments may vary.

Location

315 Ocean Avenue

Newport, RI 02840

Ocean Drive

Features & Amenities

Interior Features

Wall (Dry Wall)Cedar ClosetStairsPlumbing (Mixed)Insulation (Unknown)

Exterior Features

PatioPorch

Property Details

Flooring

HardwoodCarpetTile - Ceramic

Construction

Dry Wall Shingles Wood

Views

Water

Pool Features

PorchPatio

Heating

ZonedOil

Cooling

DuctlessCentral Air

Appliances

DishwasherDryerExhaust FanDisposalMicrowaveOven/RangeRefrigeratorTrash Compactor

Questions & Answers

This 3-bedroom, 5-bathroom single family at 315 Ocean Avenue is listed at $7,850,000 ($2,432/sqft). The estimated monthly payment is $34,017 based on 20% down at 6.5% interest.

Key features include: Built in 1982, 3.71 acre lot, 3 stories, 8 parking spaces, Fireplace. Interior Features: Wall (Dry Wall), Cedar Closet, Stairs. Exterior Features: Patio, Porch.

This property is listed by Tina Wiley and can be reached at (401) 849-3000 or twiley@gustavewhite.com.

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TW

Tina Wiley

Agent at Gustave White Sotheby's Realty

(401) 849-3000

Listed by Gustave White Sotheby's Realty

MLS# 1406341· Source: listhub· Updated 29 days ago

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

315 Ocean Avenue, Newport, RI 02840

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