CCertihomes
511 Ocean, Newport, RI 02840

$165,000

5 beds 5 baths 6,084 sqft Built 2023Active

About this home

Step into chic luxury living at this just completed, contemporary coastal masterpiece. Fronting the Atlantic Ocean, this 5 bedroom, 7, 500 SF luxurious and stylish home boasts unparalleled water views from every room. Entertain in style and sophistication in a seamless blend of indoor-outdoor living where floor to ceiling windows & doors open to a 3, 500 SF patio and 1 acre yard. The bright interior features high ceilings, an open floor plan, dining area for 12, wet bar, home gym, and the latest in home automation. A Wolfe 48” range, 3 ovens, and steam oven are sure to impress the most discerning private chef. The property is an enchanting coastal oasis with lush landscaping, a 2, 000 SF roof-top deck, oceanfront pool, spa, fire pit, and cedar shower. Enjoy the ultimate setting for relaxation, sun bathing, entertaining, and taking-in sweeping 220* spectacular ocean views. This summer embrace the luxury lifestyle and make this waterfront oasis yours. *****AVAILABLE JULY 12, 2024 - AUGUST 12, 2024*****

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$3,051/mo

Real estate (PITI + HOA + PMI)
$1,665
Principal + interest$1,063
Property tax + insurance$540
PMI / 2nd mortgage$62
Utilities
$2,461
Heating + cooling$1,084
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$3,051/mo TLC
Budget$5,000/mo
Remaining after TLC$1,949/mo
Purchase price
$165,000
Down payment
$8,250 (5%)
Loan amount
$156,750
APR
7.19%

Quick facts

Type
Single Family Residence
Style
Contemporary
Year built
2023
Lot size
1 ac
Stories
0
Heating
Bottle Gas, Central Air, Central
Cooling
Central Air
Water
Connected, In Fee
HOA
Annual tax
MLS #
1353897
County
Newport

At a glance

Air conditioning
Fireplace
Basement
Pool
Garage (2)
Dishwasher
Balcony
Waterfront

Home features

Appliances
Gas Water HeaterDishwasherDryerExhaust FanDisposalRange HoodMicrowaveOven/RangeRefrigeratorWasher
Interior
Dry BarStairsWalls: PlasterWoodInsulation: CeilingFloorsWalls
Exterior
BalconyDeck
Parking
Attached
Pool
In Ground
Fireplace
Stone
Flooring
Ceramic Tile, Hardwood, Marble
Sewer
In Fee, Septic Tank

Lot features

Sprinklers, Underground Utilities

Neighborhood — 02840

MetricThis ZIPCountyUSA
Population25,6781,095,423299,088,112
Population Change Since1990-8.00%9.00%20.00%
Population Density3,344994
Male12,039529,266147,432,321
Female13,562566,157151,655,844
Never Married7,807266,40463,775,926
Married8,167435,678123,120,365
Separated1,47343,64212,639,686
Widowed1,69966,66815,467,586
Divorced2,69183,84323,075,029
Number Of House Hold10,531410,399111,826,380
Average House Hold Size2.272.562.60
Medial Age38.5237.2735.46
Median House Hold Income$48,216$47,553$48,276
Average House Hold Income$65,270$61,609$63,629
P C I$28,066$23,965$24,529
M D I$41,065$40,634$41,133
A T H E$52,096$49,940$50,898
S T R7.00%7.00%
W C J80.40%78.02%77.74%
(Zip) Code
2840

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 3/24/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

511 Ocean · Newport — $165,000 · Certihomes