315 Ocean Avenue
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43 photos

$7,850,000

315 Ocean Avenue
Newport, RI 02840
Listed by Tina Wiley
Bedrooms
4
Bathrooms
4.1
Living area
4,593 sqft
Year built
1982

About this home

“Twin Ledges” located on historic Ocean Drive, is a charming seaside retreat, offering privacy and seclusion, nestled within beautifully landscaped grounds, expansive lawns and ocean views. The shingled-style residence, custom built in 1982, sits on nearly four acres and features four levels of finished living space, designed to maximize natural light and scenic vistas. The main level offers a spacious living and dining area with an open, airy feel highlighted by vaulted ceilings, a wood-burning fireplace, and large windows that frame the surrounding landscape. A charming kitchen provides convenience while maintaining the home's open layout. The living space flows seamlessly to captivating, enclosed porch - perfect for gathering with family and guests while enjoying the coastal setting. Two bedrooms, a full bath and powder room complete this level. The top floor's primary en-suite bedroom boasts its own wood-burning fireplace and lovely views of the ocean. The finished lower level offers comfortable living space, complimented by a steam shower, wine cellar, and cedar closet with direct access to the heated saltwater pool. A two-car garage includes an elegant one-bedroom in-law suite above, connected to the main residence by a classic porte-cochere.

Highlights

Fireplace

Property details

MLS #
1406341
Property type
Single Family Residence
Subdivision
Ocean Drive
Status
Active
Days on market
144
On market date
March 12, 2026
Stories
N/A
Garage spaces
2
Lot size
3.71 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Jamestown School-Melrose
3.68 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
245
Student:teacher ratio
10.7:1
District
Jamestown
Middle
Frank E. Thompson Middle
2.7 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
565
Student:teacher ratio
9.7:1
District
Newport
High
Rogers High School
1.11 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
639
Student:teacher ratio
11.4:1
District
Newport

Mortgage calculator

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Est. monthly payment
$47,424/mo
$1,570,000 down
$6,280,000 loan
Principal & interest$40,732
Property tax (est.)$6,542
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 22 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.