Gustave White Sotheby’s International  Realty announced the sale today of ‘Beacon Rock’ at 147 Harrison Avenue in Newport.

This architecturally significant oceanfront estate sold for $23,000,000.  

Commodore Edwin D. Morgan, cousin of J.P. Morgan, commissioned architect  Stanford White from the renowned architectural firm of McKim, Mead &  White of New York, to design a residence in 1887. The resulting residence with ionic marble colonnades and the balanced, matching temple-like facades, took over three years to complete. Morgan summered at ‘Beacon Rock’ for thirty years. He served as commodore of the New York Yacht Club and owned several of the America’s Cup defenders, which he kept at ‘Beacon  Rock’. The landscaped grounds were originally designed by Frederick Law  Olmsted, who designed Central Park and the emerald-necklace park system in Boston. 

David Huberman, listing broker stated, “Beacon Rock is a masterpiece of  distinguished architects, McKim, Mead & White and has been considered by  many to be one of the most iconic residences on the East Coast.” 

This is the second significant estate to sell this month in Newport, ‘Ocean View’ on Bellevue Avenue sold for $16 million on December 2.

Ryan Belmore is the Owner and Publisher of What's Up Newp. He was born and raised in Rhode Island and graduated from Coventry High School. He serves as Vice President of Fort Adams Trust and serves on the Board of Directors for Potter League for Animals. Ryan also is currently the Senior Editor - North America for Mountain News, publisher of OnTheSnow. Ryan is a member of Local Independent Online News (LION) Publishers and North American Snowsports Journalists Association (NASJA).