#1388703, Listing office: Lila Delman Compass
$8,700,000 List price
315 Ocean Ave Newport, RI 02840
4 beds
4 full, 1 partial
4,593 sqft
3.7 acres
$1,894 / sqft
House
Property details
About 315 Ocean Ave
Twin Ledges located on historic Ocean Drive, is a charming seaside home offering privacy and seclusion overlooking beautifully landscaped grounds with sprawling lawns and the ocean beyond. This shingled-style residence, custom built in 1982, is set on almost four acres with an interior boasting four levels of finished living space, designed to maximize natural light and scenic views. The spacious living/dining area has an open and airy feel with high ceilings and large windows, leading to a captivating, enclosed porch, perfect for entertaining. The primary en-suite ensures coziness with a wood burning fireplace, plus two additional bedrooms in the main house. A finished lower level with steam shower offers access to the heated saltwater pool, while the two-car garage features an elegant one-bedroom in-law suite above connected by a porte-cochere.
Highlights
Home typeSingle Family Residence
HeatingHot Water, Oil, Zoned
StatusActive
CoolingCentral Air, Ductless
Size4,593 sqft
BasementYes
Lot size3.71 Acres
Year built1982
ParkingAttached, Garage
MLS #1390521
Attached garageYes
WaterfrontWaterfront
FireplaceMasonry
ViewWater
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Water Heater, Range, Refrigerator, Trash Compactor
- Basement: Yes
- Flooring Type: Ceramic Tile, Hardwood, Carpet
- Interior: Cedar Closet(s), Stall Shower, Tub Shower, Central Vacuum, Cable TV, Wine Cellar
- Fireplace: Masonry
- Total Bedroom Count: 4
- Attached Garage: Yes
- Parking: Attached, Garage
- Waterfront: Waterfront
- View: Water
- Exterior: Porch, Patio
- Heating: Hot Water, Oil, Zoned
- Cooling: Central Air, Ductless
- List Price: $8,700,000
- Price/SqFt: $1,894
- Annual Tax Amount: $59,338
- Tax Year: 2024
- Year Built: 1982
- Stories: 4
- Living Area: 4,593 SqFt
- Lot Size: 3.71 Acres
- MLS Number: 1390521
- MLS Name: RIS
- 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 © 2025 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: 7/30/2025, 4:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $7,218,700 | $59,338 |
| 2023 | $4,699,500 | $46,619 |
| 2022 | $5,242,800 | $50,383 |
| 2021 | $5,242,800 | $48,915 |
| 2020 | $4,469,800 | $45,950 |
| 2019 | $4,469,800 | $45,950 |
History based on county public records data.
Nearby schools
7
Melrose Avenue School
Public District PK-4
3.7 mi
•76 Melrose Ave
4
Claiborne Pell Elementary School
Public District PK-4
3.9 mi
•35 Dexter St
5
Joseph Gaudet Academy
Public District 4-4
5.2 mi
•1113 Aquidneck Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $93,571. Typical income of Newport, RI residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
19%
<35k
35%
35k-100k
35%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
49%
Single, No Kids
5%
Single, with Kids
27%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
6%
12-17 yrs old
18%
18-34 yrs old
41%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Skiing/snowboarding
Men's Tennis
Where do the neighbors shop?
H&M
Nordstrom
Bloomingdales
Where do the neighbors go to eat?
Dominos Pizza
California Pizza Kitchen
Bonefish Grill
What do the neighbors drive?
Audi
BMW
Lexus
What do the neighbors listen to?
Alternative
Talk/Personality
News
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Newport, RI
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.
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.
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.
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.
About 315 Ocean Ave
The listing price of 315 Ocean Ave property is $8,700,000.
The property 315 Ocean Ave is a house located in Newport, Rhode Island, 02840.
Active Listing: 315 Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 315 Ocean Ave are: Melrose Avenue School (GreatSchools Rating 7/10), Claiborne Pell Elementary School (GreatSchools Rating 4/10), Joseph Gaudet Academy (GreatSchools Rating 5/10), Frank E. Thompson Middle School (GreatSchools Rating 3/10), Lawn Avenue School (GreatSchools Rating 8/10), Joseph H. Gaudet School (GreatSchools Rating 8/10), Rogers High School (GreatSchools Rating 3/10), Middletown High School (GreatSchools Rating 4/10), Narragansett High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $59,338 (source: MLS/based on county public records data).
The property at 315 Ocean Ave has 4 bedrooms and 4 full and 1 half bathrooms.
The property 315 Ocean Ave is 4,593 SqFt (source: MLS/tax record).
The year of construction for 315 Ocean Ave is 1982.
This home is located at 315 Ocean Ave in Newport, RI and zip code 02840. This 4,593 square foot home, which was built in 1982, sits on a 3.71 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 25, 2025 and is currently priced at $8,700,000.
In June 2025, from all listings sold in Newport, RI there were more than 5 sold above asking price, over 14 sold below and more than 5 were sold right at the asked price. The inventory of homes for sale in Newport, RI between May and June 2025 increased by 23.7%. While the average time on the market in June 2025 was 41 days, the median list price was $958,750.
From Rocket Homes Real Estate and based on county public records data.