237 Ruggles Ave, Newport, RI 02840

15 beds14 baths24,393 sqft

For Sale
$19,000,000
Price cut: -$2,000,000 (11/20)
Zestimate®: $13,277,872
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Fairholme
This dazzling historic oceanfront estate is superbly sited on 4.3 acres of legendary Gilded Age coastline in Newport, RI with 425 feet of ocean frontage. From the grand ballroom to the classically detailed living areas and ample staff spaces, the meticulously maintained and fully updated manor house reflects a bygone era of luxury and refinement. The 1875 Tudor revival masterpiece lies at the heart of an impressive compound that also contains a picturesque carriage house, greenhouses, and an exquisitely tiled swimming pool, complete with a cabana pavilion overlooking the Atlantic.
Graceful gates and a park-like setting introduce the impressive facade of the 20,000+ square foot main house which, with its elaborate half-timbering, richly textured surfaces and gothic tripartite entrance porch, gives few hints as to the bright relaxed elegance of the interior. Silk covered walls, delicately molded plasterwork and an immense limestone fireplace blend together in the entrance hall in soft harmonies of color and light. Brilliant flashes of sun, sky and sea pour in through leaded glass windows and doors. That great hall space is the organizing principal of the house, immediately establishing the main axis lines and underscoring the immense clarity of the floor plan. On the west side of the hall is the grand salon, with its immense floor to ceiling windows and show-stopping fireplace, as well as a receiving room with marble fireplace, and a paneled library, with a carved wood fireplace. A terrace runs parallel to the salon, overlooking a wide clean expanse of lawn that sweeps down towards the sea. Beyond the salon lies a graceful barrel-vaulted ballroom, which can comfortably seat up to 120 people for dinner. A bar and kitchenette are conveniently hidden at the far end of the ballroom, facilitating service. On the east side of the main hall is a delicately tinted dining room. With magnificent ocean views, diamond-paned windows, and an elaborate marble fireplace, the stately proportions of the room are generous enough for formal dinners, yet light enough in scale for intimate gatherings. An extensive service wing lies just beyond. The professional chef kitchen benefits from commercial refrigerators, dishwashers, ovens, stoves & safety features. Adjacent service areas include a proper butler pantry, a large staff dining room, complete with kitchen and dishwasher, and a sizeable laundry. Two guest powder rooms are discreetly located off the main hall. The second floor is divided into two generous oceanfront master suites, both with private, substantially sized ocean-facing stone terraces, bedrooms, baths, fireplaces, dressing rooms, and custom designed walk-in closets; both suites are thoughtfully appointed with bespoke amenities of every conceivable kind. A kitchenette and breakfast area is thoughtfully situated off the large second-floor landing. One other ensuite guest room is located directly opposite the breakfast area. Above on the third floor are 6 more family/guest bedrooms and 6 full baths. Additional bedrooms and storage rooms, located within the service wing and accessible via the back staircase, provide ample staff living quarters and allow owners maximum privacy and enjoyment of their home. An elevator serves all three floors and the basement level. The house is heated with natural gas and fully air conditioned. The electrical systems are of course completely up-to-date, as is the commercial grade, state of the art fire-safety/fire-suppression system. An antique wine safe ensures that costly vintages are properly secured. There are 8 working fireplaces in the main house. Outside on the grounds, the more seasonal pleasures of Fairholme are on vivid display. On the western side of the house, a stunning tiled infinity edge swimming pool and decorative cabana pavilion lie sheltered from breezes within a brick enclosure.
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Facts

  • Lot: 4.33 acres
  • Single Family
  • Built in 1875
  • 352 days on Zillow
  • Cooling: Central
  • Heating: Forced air, Other
  • Last sold: Dec 1992 for $3,350,000
  • Price/sqft: $779

Features

  • Attic
  • Cable Ready
  • Deck
  • Elevator
  • Fireplace
  • Flooring: Carpet, Hardwood, Linoleum / Vinyl, Tile, Other
  • Garden
  • Greenhouse
  • Lawn
  • Parking: Garage - Detached, 10 spaces
  • Patio
  • Pool
  • Porch
  • Unfinished basement
  • Vaulted Ceiling
  • View: Water
  • Waterfront
  • Wet Bar

Appliances Included

  • Dishwasher
  • Dryer
  • Garbage disposal
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer

Room Types

  • Dining room
  • Family room
  • Laundry room
  • Library

Construction

  • Exterior material: Brick, Stone
  • Roof type: Other
  • Room count: 25
  • # Stories: 3.0
  • Structure type: Other

Other

  • Floor size: 24,393 sqft
  • Heating: Gas, Oil
  • Laundry: In Unit
  • Parcel #: M:036 B:0050 L:4
  • Zillow Home ID: 65983093

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$13,277,872
-$70,374 Last 30 days
$10.6M
$16.7M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$5,933/mo
+$946 Last 30 days
$2.6K
$12K
Zestimate range

Popularity on Zillow

48,648 views since listing
86,932 all-time (chart)
269 shoppers saved
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Home Expenses

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Neighborhood

Market guide

Zillow predicts 02840 home values will rise 1.1% next year, compared to a 1.1% rise for Newport as a whole. Among 02840 homes, this home is 5021.3% more expensive than the midpoint (median) home, and is priced 179.9% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 02840, the number of foreclosures waiting to be sold is 2.9% higher than in Newport, and 1.2% less than the national average. This higher local number may prevent 02840 home values from rising as quickly as other regions in Newport.

Learn more about forecast calculations or 02840 home values.
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    Nearby Schools in Newport

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