254 Ocean Ave# A, Newport, RI 02840
For Sale: $3,000,000
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more
- Bedrooms:3 beds
- Bathrooms:3 baths
- Condo:2,518 sq ft
- Lot:9 acres
- Year Built:1936
- Heating Type:Forced air
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Since 1936 iconic Seafair has reigned over its gated oceanfront peninsula. Built to compliment the curve of the coast, the crescent shaped residence boasts expansive ocean views from every living space. Of sturdy rubble-stone construction with limestone quoins and a slate roof, Seafair has embraced every aspect of its dramatic oceanfront site for over seventy years.
The estate, originally known as Terre Mare, was designed by James Mackenzie, Jr. for Denver mining heir Verner Zevola Reed Jr. who became the vice-president of Chase Manhattan Bank and in 1981 was appointed Ambassador to Morocco by President Reagan. Mackenzie, a New York City
based architect noted for his residential designs, was also engaged for the 1949 improvement program for the Statue of Liberty.
Newport, Rhode Island, just 90 minutes from Logan International Airport in Boston, 30 minutes from Quonset Airport, and 3 hours from Manhattan, is home to numerous cultural and sporting attractions including world renowned jazz, folk, classical music and film festivals, the Tennis Hall of Fame, golf, yachting, and polo.
- Days on Zillow203
- Basement TypeUnknown
- Floor CoveringCarpet
- Room TypesDining room
- Appliances IncludedDishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
- Covered Parking Spaces2
- Exterior MaterialStone
- LaundryIn Unit
- MLS #1042547
- Roof TypeOther
- Room Count6
- # Stories4.0
- Structure TypeOther
- Unit Floor #2
- Zillow Home ID2112564370
|Value||Range||30-day change||$/sqft||Last updated|
|Zestimate What's this?||$2,506,699||$2.06M – $2.86M||+$31,312||$995||12/17/2013|
|Rent Zestimate What's this?||$2,332/mo||$1.4K – $3.1K/mo||+$2||$0.93||12/16/2013|
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Zillow predicts 02840 home values will rise 3.5% next year, compared to a 3.4% increase for Newport as a whole. Among 02840 homes, this home is 706.5% more expensive than the midpoint (median) home, and is priced 337.9% more per square foot.
Foreclosures will be a factor impacting home values in the next several years. In the 02840 market, the number of foreclosures waiting to be sold fell 6.5% in the last year. The number of unsold foreclosures is 1% higher than in Newport, and 54.9% lower 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.
Neighborhood for 254 Ocean Avenue # A
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