seafair

The iconic Seafair mansion, which waslisted for $17.5 million, has been sold for $13.5 million.

The iconic Seafair, which is located on 9 acres at 254 Ocean Avenue, was Newport’s highest-priced residential listing and had been an active listing on realtor.com for more than 200 days. The property, which was brokered by Gustave White Sotheby’s Int’l Realty and presented by Paul Leys, was changed from an “active” listing to a “pending” listing back in October, as What’sUpNewp first reported on October 3rd.

According to The Providence Journal, the buyer of four out of the five units is listed in deed records only as Mavis House LLC, with an address in Burbank, California. Multiple outlets have reported that Jay Leno is the buyer. Mavis is the first name of Leno’s wife.

What’sUpNewp first reported back on October 3rd that the sale of the property was “pending” and that the buyer was Jay Leno, according to our multiple sources. Over the last few months, Leno has appeared multiple times in Newport – at the Audrain Automobile Museum and has been spotted at Fort Adams State Park, along Thames Street and at Pasta Beach.

 

 

Property details

Once in lifetime opportunity to own the main residence at iconic Seafair. Set on 9 oceanfront acres, this gated compound includes a tennis court, private pool, carriage house, 6 car garage, private cove and mooring. Sunrise/Set 270* Ocean views.

To see the listing, visit https://www.realtor.com/realestateandhomes-detail/254-Ocean-Ave_Newport_RI_02840_M33019-69604.

Ryan Belmore is the Publisher of What'sUpNewp. 
Belmore has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020 and an honorable mention in the Common Good Awards in 2021.

Born and raised in Rhode Island, Belmore graduated from Coventry High School and the Community College of Rhode Island. In addition to living in Newport for 10 years, he has lived in Portsmouth, Coventry, Providence, Smithfield, Burrillville, and East Greenwich.

Belmore currently serves as Vice President of the Board Of Directors for Fort Adams Trust and on the Board of Directors for Potter League For Animals. He previously served on the Board of Lucy's Hearth and the Arts & Cultural Alliance for Newport County.

Belmore and his wife, Jen, currently live in Alexandria, Virginia, a move they made in 2021. Read more about that here - https://whatsupnewp.com/2021/09/letter-from-the-publisher-some-personal-news/

Belmore visits Newport every couple of weeks to support the 12+ paid contributors What'sUpNewp has on the ground across Rhode Island, a place he called home for 39 years.

Belmore is a member of Local Independent Online News (LION) Publishers, Society of Professional Journalists, and the North American Snowsports Journalists Association.

In 2020, Belmore was named Member of the Year by LION and won the Arts & Cultural Alliance of Newport County's Dominque Award.
Belmore can be contacted at ryan@whatsupnewp.com and 401-662-1653.