The Newport County real estate market continues to be off to the races with a roaring start in the first quarter of the year, with strong and consistent activity across a wide range of price points and property types. From entry-level condominiums to Gilded Aged legacy estates, buyer demand remained steady and competitive last week and I believe it will continue to do so as we move deeper into the winter market.
The headline of last week was unquestionably the sale of Seaview Terrace, Newport’s largest privately held estate and one of the last remaining Gilded Age mansions still under private ownership. Reports indicate the iconic property was purchased by neo-expressionist artist Hunt Slonem, widely known for his vibrant color palettes and signature bunny paintings. Congratulations to the team at Stay Newport, who represented the sellers and did an exceptional job marketing such a historically significant property. A truly landmark sale for Newport and a moment worth celebrating.
On a more personal note, I’d like to congratulate my own clients on the successful closing of their family home at 13 Vanderbilt Lane in Portsmouth, which sold last Friday for $1,200,000. Built in 2019 by KMR Construction, the property reflects the quality and craftsmanship that continue to resonate with today’s buyers. Best of luck to the new stewards as they begin their next chapter in the home.
Taken together, these recent sales reinforce what we’re seeing across the board: motivated buyers, limited inventory, and well-positioned properties continuing to trade efficiently. All signs point to this momentum carrying through the remainder of the first quarter and into the Spring market. I have had a lot of conversations with seller clients about ‘getting in front’ of the inventory push we are likely to see in March and April, and many are using these snow filled winter weeks in January to prepare for late January and February launches.
If you’d like to discuss your real estate needs or see if we’d be a good fit working together, feel free to reach out directly at 401-241-1851 or TylerB@resultswithremax.com.
Below is a look at what sold last week in Newport County. Have a great week ahead!
Newport
- 207 Ruggles Avenue, Newport | Sold Price: $16,000,000
Beds: 29 | Baths: 18 | Half Baths: 0 | Square Footage: 43,772 sq ft
Days on Market: 47 - 43 Poplar Street, Newport | Sold Price: $1,250,000
Beds: 3 | Baths: 2 | Half Baths: 1 | Square Footage: 1,547 sq ft
Days on Market: 83 - 15 Hammersmith Road, Unit 31A, Newport | Sold Price: $925,000
Beds: 2 | Baths: 2 | Half Baths: 1 | Square Footage: 1,586 sq ft
Days on Market: 54 - 8 Cottage Street, Unit 2, Newport | Sold Price: $810,000
Beds: 2 | Baths: 1 | Half Baths: 1 | Square Footage: 1,217 sq ft
Days on Market: 83 - 104 Second Street, Newport | Sold Price: $2,799,000
Beds: 5 | Baths: 4 | Half Baths: 1 | Square Footage: 3,488 sq ft
Days on Market: 138
Portsmouth
- 13 Vanderbilt Lane, Portsmouth | Sold Price: $1,200,000
Beds: 4 | Baths: 3 | Half Baths: 1 | Square Footage: 3,176 sq ft
Days on Market: 23 - 278 Freedom Trail Drive, Portsmouth | Sold Price: $785,000
Beds: 3 | Baths: 2 | Half Baths: 1 | Square Footage: 1,730 sq ft
Days on Market: 85 - 88 Ormerod Avenue, Portsmouth | Sold Price: $525,000
Beds: 2 | Baths: 1 | Half Baths: 0 | Square Footage: 912 sq ft
Days on Market: 8 - 0 Knight Avenue, Portsmouth | Sold Price: $250,000
Beds: 1 | Baths: 1 | Half Baths: 0 | Square Footage: 1,061 sq ft
Days on Market: 0 - 1 Tower Drive, Unit 1201, Portsmouth | Sold Price: $1,050,000
Beds: 3 | Baths: 3 | Half Baths: 1 | Square Footage: 2,330 sq ft
Days on Market: 21 - 12 Valley Lane, Unit 12, Portsmouth | Sold Price: $469,000
Beds: 2 | Baths: 2 | Half Baths: 0 | Square Footage: 1,101 sq ft
Days on Market: 154
Tiverton
- 65 Knotty Pine Road, Tiverton | Sold Price: $975,000
Beds: 3 | Baths: 2 | Half Baths: 1 | Square Footage: 3,152 sq ft
Days on Market: 168 - 64 Kenyon Road, Tiverton | Sold Price: $500,000
Beds: 4 | Baths: 2 | Half Baths: 0 | Square Footage: 1,652 sq ft
Days on Market: 26 - 47 Watermark Drive, Tiverton | Sold Price: $1,165,000
Beds: 3 | Baths: 3 | Half Baths: 1 | Square Footage: 2,292 sq ft
Days on Market: 249 - 345 Main Road, Unit 204, Tiverton | Sold Price: $315,000
Beds: 2 | Baths: 1 | Half Baths: 0 | Square Footage: 1,013 sq ft
Days on Market: 76
447 Stafford Road, Unit C4, Tiverton | Sold Price: $299,900
Beds: 2 | Baths: 1 | Half Baths: 1 | Square Footage: 1,178 sq ft
Days on Market: 93
