Backup offers
#1385250, Listing office: Gustave White Sotheby's Realty
$1,195,000 List price
50 Lee Ave Newport, RI 02840
2 beds
2 full
1,158 sqft
0.06 acres
$1,032 / sqft
House
Property details
About 50 Lee Ave
Picture perfect Newport Victorian cottage located in the heart of the Yachting Village. Originally built in 1870 and completely renovated this cottage oozes with charm! The two bedroom two bath is completely turn-key with a custom kitchen, wonderful open living spaces, beautifully designed bathrooms, hardwood floors and period detail throughout. The kitchen is the heart of the home and easily flows out to the newly appointed and extremely private patio with a charming storage shed and outdoor shower! Located only steps away from the harbor, restaurants and all that downtown Newport and Thames St has to offer. Central air, newer roof and windows, updated utilities and parking for 2 complete the package!
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Size1,158 sqft
BasementYes
Lot size0.06 Acres
Year built1870
ParkingNo Garage
MLS #1385387
WaterfrontWaterfront
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Hardwood, Marble
- Interior: Bathtub, Stall Shower, Tub Shower
- Fireplace: None
- Total Bedroom Count: 2
- Parking: No Garage
- Waterfront: Waterfront
- Architectural Style: Cabin
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $1,195,000
- Price/SqFt: $1,031
- Annual Tax Amount: $6,403
- Tax Year: 2024
- Year Built: 1870
- Stories: 2
- Living Area: 1,158 SqFt
- Lot Size: 0.06 Acres
- MLS Number: 1385387
- MLS Name: RIS
- Office Name: Lila Delman Compass
- Office Phone: (401) 848-2101
- Office Email: Kendra.Toppa@LilaDelman.com
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: 8/1/2025, 1:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 15, 2016 | Home Sold | $475,000 |
| Dec 21, 2007 | Home Sold | $275,000 |
| Aug 31, 1995 | Home Sold | $87,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $779,000 | $6,403 |
| 2023 | $513,300 | $5,092 |
| 2022 | $513,300 | $4,933 |
| 2021 | $513,300 | $4,789 |
| 2020 | $442,900 | $4,553 |
| 2019 | $442,900 | $4,553 |
History based on county public records data.
Nearby schools
4
Claiborne Pell Elementary School
Public District PK-4
2.1 mi
•35 Dexter St
5
Joseph Gaudet Academy
Public District 4-4
3.3 mi
•1113 Aquidneck Ave
7
Melrose Avenue School
Public District PK-4
3.9 mi
•76 Melrose 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 $73,902. The majority of Newport, RI residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
46%
35k-100k
26%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
76%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
49%
18-34 yrs old
31%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Volvo
What do the neighbors listen to?
Alternative
Urban Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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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 50 Lee Ave
The listing price of 50 Lee Ave property is $1,195,000.
The property 50 Lee Ave is a house located in Newport, Rhode Island, 02840.
Accepting Backup Offers: 50 Lee Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 50 Lee Ave are: Claiborne Pell Elementary School (GreatSchools Rating 4/10), Joseph Gaudet Academy (GreatSchools Rating 5/10), Melrose Avenue School (GreatSchools Rating 7/10), Frank E. Thompson Middle School (GreatSchools Rating 3/10), Joseph H. Gaudet School (GreatSchools Rating 8/10), Lawn Avenue 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 $6,403 (source: MLS/based on county public records data).
The last sale was on July 15, 2016 for $475,000 (source: MLS/tax record).
The property at 50 Lee Ave has 2 bedrooms and 2 bathrooms.
The property 50 Lee Ave is 1,158 SqFt (source: MLS/tax record).
The year of construction for 50 Lee Ave is 1870.
This home is located at 50 Lee Ave in Newport, RI and zip code 02840. This 1,158 square foot home, which was built in 1870, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 19, 2025 and is currently priced at $1,195,000.
While more than 5 listings in Newport, RI in June 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 14 were sold below. The number of listings in Newport, RI increased by 23.7% between May and June 2025. In June 2025 median list price was $958,750 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.