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$6,495,000

1 Harbor View Street
Newport, RI 02840
Listed by The Willett Team
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

One of the last opportunities to build a world class estate on a premier water view parcel in Newport. Set on 1.19 elevated acres overlooking Newport Harbor, this exceptional property offers panoramic water views and the rare chance to create a custom residence in one of Rhode Island's most coveted locations. Just minutes from downtown Newport, the renowned New York Yacht Club, exceptional parks, world-class marinas, boutique shopping, and fine dining, the setting perfectly balances privacy, lifestyle and convenience. With the potential to build a custom home of up to approximately 18,000 square feet and a maximum height of 35 feet, the possibilities are extraordinary. An existing four-bedroom residence currently occupies the property, allowing flexibility for future plans. Large, buildable waterview parcels of this size, elevation, and location have become exceptionally rare, making this a once-in-a-generation opportunity to create a legacy property in one of Newport's most prestigious coastal neighborhoods.

Highlights

Waterfront

Property details

MLS #
1416886
Property type
Unimproved Land
Subdivision
Wellington
Status
Active
Days on market
N/A
On market date
July 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.19 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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Claiborne Pell Elementary
2.39 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
1.21 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
0.51 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).

34
Car-dependent
out of 100
EPA National Walkability Index
7.3 / 20 -- Below average walkable
Google Places amenity density
30 / 100
Restaurants & cafes0
Grocery stores0
Parks3
Schools3
Transit stops0
Pharmacies0

Market position

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

On the market 0 days -- 79 fewer days than Newport's current average of 79 days.
For reference, the median list price across 745 active listings in Newport right now is $5,000.

Mortgage calculator

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Est. monthly payment
$39,264/mo
$1,299,000 down
$5,196,000 loan
Principal & interest$33,701
Property tax (est.)$5,413
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 2, 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.