Seaward is incomparable 45-acre oceanfront estate that anchors the southern point of Newport’s celebrated Ocean Drive. Breathtaking vistas span from the greens at Newport Country Club, across acres of rolling lawns to the spectacular southern ocean views. The property, formerly known as the Avalon estate, includes the main stone residence with 24-foot ceilings and a two-story fireplace. A charming 3,576 sf three-bedroom guest cottage is nestled into the landscape and shares similar stunning views. There is also an infinity-edge pool, private water frontage, and a mooring on Price’s Neck Cove. Built in 2009, the home also features a four-car garage.
Seaward estate set a record when it was sold in 2004 for $10.3 million. Now, it is listed on sale for a whopping $45 million, the highest ever recorded in the State-Wide Multiple Listing Service for a Rhode Island residence.
If sold for anywhere near the asking price (which is highly unlikely given that has been on the market for some time), a new state record would be set. The high mark now is $17.75 million, established in April for 16 Bluff Ave. in Watch Hill, which was purchased by singer Taylor Swift. That price beat the previous top residential sale of $17.15 million, reached in November 2006 for Miramar, a Newport mansion.
But the Journal reported that the assessed value of Seaward (the home and land) is actually $11.6 million, meaning that the price tag is more of a wish than a reality.