Condominium at 41 School Street UNIT 1, Newport
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$1,490,000

41 School Street UNIT 1
Newport, RI 02840
Listed by Newport Living Group
Bedrooms
2
Bathrooms
2.5
Living area
1,244 sqft
Year built
1820

About this home

Nestled in the heart of Newport’s Historic Hill, this newly renovated first-floor condominium masterfully blends historic charm with sophisticated modern luxury. Guests enter through a stately mahogany front porch into an elegant foyer setting a grand tone for the home. This expansive two-bedroom, 2.5-bath residence features soaring ceilings and beautiful white oak floors throughout, highlighted by elegant, coffered detailing in the main living area. Perfect for today's lifestyle, the layout includes a dedicated private office, two cozy gas fireplaces that add warmth & character, and high-end, stylish light fixtures. The spectacular chef's kitchen comes complete with a premium gas stove and a statement island featuring sleek waterfall countertops. Both bedrooms boast large closets with custom built-ins and luxurious ensuite baths complete with radiant heated floors and premium Kohler faucets. Convenience is paramount in this elevator-serviced building; unit 1 offers direct access to a beautiful yard. Included with the unit is a dedicated private storage room, one garage bay, and two off-street parking spaces. Residents can enjoy premium community amenities, including a hardscape patio, garden-level common room equipped with a wet bar, half bath, multi-functional table perfect for dining or afternoon mahjong, and a separate seating area for entertaining. Centrally located, this professionally managed property invites you to leave the car behind and walk everywhere.

Highlights

Fireplace

Property details

MLS #
1423096
Property type
Condominium
Subdivision
Historic Hill
Status
Active
Days on market
3
On market date
September 11, 2026
Stories
1
Total bathrooms
2.5
Garage spaces
1
Parking spaces
3
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.47 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
0.29 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
1.42 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: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools11
Transit stops20
Pharmacies2

Market position

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

On the market 3 days -- 76 fewer days than Newport's current average of 79 days.
For reference, the median list price across 717 active listings in Newport right now is $5,000.

Mortgage calculator

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Est. monthly payment
$9,123/mo
$298,000 down
$1,192,000 loan
Principal & interest$7,731
Property tax (est.)$1,242
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 11 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.