Nestled within the breathtaking 77-acre Gray Craig estate, this remarkable 1.39-acre building lot offers an idyllic canvas for your dream home. Just a half mile from the serene shores of Second Beach and a mere mile and a half from the vibrant heart of downtown Newport, the location is both harmonious and convenient. Enjoy nearby natural wonders such as Sachuest Wildlife Preserve, Norman Bird Sanctuary, and the picturesque Third Beach and Sweet Berry Farm. As you meander down the long, stately drive of Gray Craig, you'll immediately sense the unique charm and exclusivity of this property—one of only eight buildable sites within this prestigious estate. This is a rare opportunity to create your own sanctuary in one of the area's last remaining prime lots. The parcel is perfectly flat and ready for development, with convenient access to town water and sewer services, or ample space for private systems. Surrounded by mature trees and stunning rock outcroppings, this lot not only provides privacy but also a beautiful natural backdrop. Don't miss your chance to build a truly private estate mere moments from the delightful beaches of Newport. Seize this unparalleled opportunity to embrace coastal living in a serene, upscale setting! Translate
Lot/land
$1,750,000
141 Gray Craig Rd, Middletown, RI 02842
--beds
0baths
1.39Acres
Unimproved Land
Built in ----
1.39 Acres Lot
$-- Zestimate®
$--/sqft
$42/mo HOA
What's special
- 221 days |
- 293 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Eric Kirton 401-743-2744,
Lila Delman Compass
Source: StateWide MLS RI,MLS#: 1395214
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Waterfront features: Walk to Salt Water
Lot
- Size: 1.39 Acres
- Features: Historic, Rural, Suburban
- Topography: Level
Details
- Parcel number: MIDDM0126B00L204
- Zoning: r-60
- Zoning description: Residential
- Wooded area: 40
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Fiber Optic, Electricity Available, Natural Gas Available, Muncipal Water, Sewer Available
Community & HOA
Community
- Features: Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Gray Craig/Beaches/Indian
HOA
- Has HOA: No
- HOA fee: $500 annually
Location
- Region: Middletown
Financial & listing details
- Tax assessed value: $809,900
- Annual tax amount: $9,119
- Date on market: 9/18/2025
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/9/2025 | Price change | $1,750,000-5.4% |
Source: | ||
| 9/18/2025 | Listed for sale | $1,850,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,119 | $809,900 |
| 2024 | $9,119 +42.2% | $809,900 +51.8% |
| 2023 | $6,414 | $533,600 |
| 2022 | $6,414 | $533,600 |
| 2021 | $6,414 -0.4% | $533,600 +14% |
| 2020 | $6,438 +0.1% | $467,900 |
| 2018 | $6,434 -6.5% | $467,900 +4.8% |
| 2016 | $6,882 +2.5% | $446,300 |
| 2015 | $6,712 +2.2% | $446,300 +9.3% |
| 2014 | $6,565 +2.3% | $408,500 |
| 2013 | $6,418 +2% | $408,500 |
| 2012 | $6,291 +15.3% | $408,500 |
| 2011 | $5,458 -9.3% | $408,500 -9.3% |
| 2010 | $6,017 +0.9% | $450,400 |
| 2009 | $5,963 +25.8% | $450,400 +4.6% |
| 2007 | $4,741 +3.9% | $430,600 |
| 2006 | $4,564 +7.3% | $430,600 +65.5% |
| 2005 | $4,254 +6.5% | $260,200 |
| 2004 | $3,994 | $260,200 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 02842
Nearby schools
GreatSchools rating
- 10/10Aquidneck SchoolGrades: PK-3Distance: 0.9 mi
- 6/10Joseph H. Gaudet SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Middletown High SchoolGrades: 9-12Distance: 1.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Rhode Island
- Newport County
- Middletown
- 02842
- 141 Gray Craig Rd





