CCertihomes
599 Ocean, Newport, RI 02840

$7,500,000

4 beds 6 baths 5,424 sqft Built 2001Active

About this home

Enjoy this summer season from the front row of Newport’s famed Ocean Drive in this newly priced coastal showstopper! "Ocean Mist" sits on a near half-acre of lush landscaping and conveys with deeded rights to a private beach a few steps away. Curated outdoor space has custom stonework, large private pergola-covered deck w/ trellis, awning, kitchen, and mahogany bar perfect for coffee or cocktails. The travertine patio is gas plumbed with spa, shower, waterfall, and koi pond. Built for both relaxation and entertaining, the sunset facing, light-filled rooms have sweeping, unobstructed views of breaking waves against the rugged Atlantic Ocean shoreline, and plenty of nautical activity. Luxurious amenities throughout: grand staircase, high ceilings, elegantly curved walls, hardwood flooring, handmade built-ins and cabinetry. A wood paneled elevator services all levels. 4 bedrooms, 5 ½ baths, open concept true chef's kitchen/living/dining area, 3 fireplaces and great room with full wet bar and covered porch. The primary suite has incredible ocean views, 2 full baths, sitting room, and cupola for meditation or exercise. Large ensuite bedrooms have vaulted ceilings, ocean view porch and balcony. A sunny walk out lower level is designed to customize as a private guest room with bath, live-in suite, gym, entertainment area, or exceptional home office. A gated entrance, heated three car garage, paver driveway w/ ample parking and exceptional mechanicals make “Ocean Mist” a joy to own.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$45,659/mo

Real estate (PITI + HOA + PMI)
$47,137
Principal + interest$34,016
Property tax + insurance$10,308
PMI / 2nd mortgage$2,813
Utilities
$2,235
Heating + cooling$971
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$45,659/mo TLC
Budget$46,159/mo
Remaining after TLC$500/mo
Purchase price
$7,500,000
Down payment
$375,000 (5%)
Loan amount
$7,125,000
APR
4%

Quick facts

Type
Residential
Style
Contemporary
Year built
2001
Lot size
0.4752 ac
Stories
0
Heating
Natural Gas, Central Air, Gas Connected, Radiant, Zoned
Cooling
Central Air, Heat Pump
Water
Connected, Municipal
HOA
Annual tax
$40,869
MLS #
1355278
County
Newport

At a glance

Air conditioning
Fireplace
Basement
Garage (3)
Dishwasher
Balcony

Home features

Appliances
Gas Water HeaterDishwasherDryerExhaust FanDisposalRange HoodMicrowaveOven/RangeRefrigeratorTrash CompactorWasher
Interior
Attic StairsAttic StorageCathedral CeilingsCedar ClosetSkylightStairsWet BarWalls: PlasterPlumbing: CopperPVCInsulation: CeilingFloorsWalls
Exterior
BalconyDeckPatioPorch
Parking
Garage Door OpenerIntegral
Fireplace
Gas
Flooring
Ceramic Tile, Hardwood, Marble
Sewer
Septic Tank

Lot features

Local Historic District, Corner Lot, Paved Driveway, 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

Open in Google Maps →
RI & State Wide MLS

Listing information last refreshed 3/28/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

599 Ocean · Newport — $7,500,000 · Certihomes