If you noticed a surge in end-of-September closings, you’re right. Many deals raced to the finish line ahead of Rhode Island’s newly expanded luxury transfer tax, nicknamed the “Taylor Swift Tax”, and the higher base conveyance tax that both took effect on October 1. The revenue is earmarked for affordable housing, but the change pushed luxury homeowners, investors, and developers to wrap up under the previous rates. For some sellers, the difference is meaningful especially on multi-property portfolios or large estates.
That urgency turned the final days of Q3 into a statewide sprint. Attorneys, lenders, and agents worked overtime to record transactions by September 30, creating one of the busiest quarter-ends Rhode Island has seen in recent years.
Two headline sales led the week: Judge Judy’s home, the Birdhouse at 70 Beacon Hill Road, closed for $15,300,000, and the Playhouse on Ocean Drive traded for $10,442,000.
Below is a look at 28 homes (published in the statewide MLS as of Sunday at 9:00 a.m. ET) that closed to cap Q3 in Newport County. For details on any of these sales or to schedule a consultation, call Tyler at 401-241-1851 or email TylerB@resultswithremax.com.
JAMESTOWN
7 Pleasant View – Cottage – $1,020,000
5 beds, 3 baths, 1,147 sq. ft.
Days on Market: 76
LITTLE COMPTON
212 Round Pond Road – Cottage – $2,100,000
5 beds, 3 baths, 1,506 sq. ft.
Days on Market: 96
16 Wild Cherry Drive – Ranch – $700,000
3 beds, 1.5 baths, 1,248 sq. ft.
Days on Market: 0
MIDDLETOWN
4 Wabasso Terrace – Ranch – $800,000
3 beds, 3 baths, 1,488 sq. ft.
Days on Market: 50
10 C Woolsey Road – Ranch – $375,000
3 beds, 1 bath, 1,270 sq. ft.
Days on Market: 57
NEWPORT
70 Beacon Hill Road – Estate/Other – $15,300,000
6 beds, 6 full + 2 half baths, 9,719 sq. ft.
Days on Market: 0
294 Ocean Avenue – Historic Cottage – $10,442,000
4 beds, 3.5 baths, 4,392 sq. ft.
Days on Market: 23
68 Kay Street – Historic Home – $1,930,000
6 beds, 4.5 baths, 3,300 sq. ft.
Days on Market: 324
128 Ruggles Avenue – Cape Cod – $1,400,000
3 beds, 2 baths, 1,325 sq. ft.
Days on Market: 5
15 Cross Street – Historic Home – $1,225,000
3 beds, 2.5 baths, 1,598 sq. ft.
Days on Market: 67
24 Southmayd Street – Bungalow – $660,000
3 beds, 2 baths, 894 sq. ft.
Days on Market: 136
19 Defenders Row, Unit #19 – Townhouse Condo – $7,025,000
3 beds, 3.5 baths, 3,015 sq. ft.
Days on Market: 65
111 Harrison Avenue, Unit #A17 – One-Level Condo – $3,000,000
3 beds, 2 baths, 1,992 sq. ft.
Days on Market: 160
111 Harrison Avenue, Unit #B4 – One-Level Condo – $2,600,000
3 beds, 2.5 baths, 1,992 sq. ft.
Days on Market: 63
1117 Capella South Way, Unit #1117 – One-Level Condo – $1,300,000
3 beds, 2 baths, 1,506 sq. ft.
Days on Market: 36
208 America – Townhouse Condo – $970,000
2 beds, 1.5 baths, 1,082 sq. ft.
Days on Market: 176
109 Church Street, Unit #3 – One-Level Condo – $560,000
1 bed, 1 bath, 700 sq. ft.
Days on Market: 2
1209 Capella Way S, Unit #1209 – High-Rise Condo – $509,000
1 bed, 1 bath, 506 sq. ft.
Days on Market: 2
18 Barney St (Units 3 & 4) – Multi-Family (Barney Court) – $1,845,000
6 beds, 4 baths, 5,488 sq. ft.
Days on Market: 73
27–29 Franklin Street – Multi-Family Up/Down – $1,805,000
5 beds, 4 baths, 2,758 sq. ft.
Days on Market: 59
PORTSMOUTH
77 William Street – Cottage – $2,100,000
3 beds, 4 baths, 2,839 sq. ft.
Days on Market: 30
18 North Water Street – Colonial – $949,000
2 beds, 2.5 baths, 1,700 sq. ft.
Days on Market: 88
55 Souza Way – Ranch – $850,000
4 beds, 2 baths, 2,362 sq. ft.
Days on Market: 66
93 East Main Road – Victorian – $750,000
5 beds, 3 baths, 2,608 sq. ft.
Days on Market: 4444 Summit Road – Cottage – $570,000
3 beds, 3 baths, 1,618 sq. ft.
Days on Market: 113
