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$3,000,000

49 1/2 Third Street
Newport, RI 02840
Listed by Michelle Kirby
Bedrooms
3
Bathrooms
3.5
Living area
2,347 sqft
Year built
2025

About this home

Located in Newport’s Historic Point neighborhood, this newly built Mansard-roofed cottage blends European elegance with coastal New England charm. Crafted by master carpenters the exceptional design has natural light throughout its kitchen, dining, & living area. Exterior elements include slate and metal roof with copper downspouts and outdoor shower. The chef’s kitchen features Jadore Quartzite countertops, custom floor-to-ceiling rustic alder caramel wood cabinetry, Italian Bertazzoni appliances, and a wet bar with beverage fridge and wine storage. A Travertine fireplace with handmade ceramic tile connects the kitchen and living area. The custom dining banquette offers padded fabric seating and Sapele wood trim. A powder room completes the main level. Upstairs, three ensuite bedrooms are finished with hand-made Zellige Zia and Otto tile, Calcutta Violetta marble & brass fixtures. A sunlit bridge links the office/library to the primary suite with a cathedral ceiling, custom king-size Sapelle trimmed bed, and three closets. The primary bath has a skylit shower, double vanity with Bianco Luna quartz top, Concretti sinks, and built-in medicine cabinets. The partially finished lower level offers 8-foot ceilings and natural light—ideal for a gym or secondary living area. A laundry room includes a sink and washer/dryer hookups. Enjoy all that Newport has to offer within walking distance to harbor and downtown restaurants, shops, museums and movie theater.

Highlights

Fireplace

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1408724
Property type
Single Family Residence
Subdivision
Historic Pt/Newport Harbor Nbrhd
Status
Active
Days on market
10
On market date
April 28, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
2
Parking spaces
4
Lot size
0.101 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Claiborne Pell Elementary
1.14 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
744
Student:teacher ratio
10.9:1
District
Newport
Middle
Frank E. Thompson Middle
0.48 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
Newport Area Career Tech Ctr
1.87 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Newport

Walkability

Blended score for Newport's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

88
Highly walkable
out of 100
EPA National Walkability Index
15.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools5
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Newport, from live MLS data.

On the market 10 days -- 65 fewer days than Newport's current average of 75 days.
For reference, the median list price across 824 active listings in Newport right now is $5,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$18,216/mo
$600,000 down
$2,400,000 loan
Principal & interest$15,566
Property tax (est.)$2,500
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated May 9, 2026.

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.