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8 Key Ct, Newport, RI, 02840

4beds
4baths
2,895sqft
$2,995,000
$1,035price/sqft
$18,484/moest. monthly cost
$739,360/yrincome needed

About This Home

Waterfront living on Almy Pond, just moments from Bailey's Beach and downtown Newport. This private coastal retreat captures sweeping water views and stunning west-facing sunsets. Thoughtfully designed for indoor-outdoor living, the home features multiple waterviews decks, patio, wood burning fireplace, a private boardwalk to the water and an outdoor shower. A rare offering combining tranquility, classic Newport features, and an exceptional coastal setting.

Getting Around

26
WalkingCar-Dependent
25
TransitSome Transit
31
BikeSomewhat Bikeable

Schools

4/10
Rogers High SchoolGrades 9-120.6 mi
4/10
Pell Elementary SchoolGrades PK-43.1 mi

Construction

Condition

  • Year built: 1983

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Dry Wall,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Interior and Exterior,Unfinished

Bathroom

  • Features: Bath w Shower Stall, Bath w Tub & Shower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Wall (Dry Wall),Cathedral Ceiling(s),Skylight,Plumbing (Mixed),Insulation (Cap),Insulation (Ceiling),Insulation (Floors),Insulation (Walls)
  • Door features: Storm Door(s)
  • Window features: Insulated Windows,Skylight(s)
  • Flooring: Ceramic Tile,Hardwood,Parquet,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,895

Heating & Cooling

  • Heating features: Electric,Heat Pump,Zoned
  • Cooling features: Ductless

Interior Area

  • Total structure area: 2,895
  • Total interior livable area: 2,895 sqft

Property

Details

  • Parcel number: NEWPM037B0059
  • Zoning: R-10a

Features

  • Patio & porch: Deck,Porch
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Access,Walk to Fresh Water,Walk to Salt Water,Walk To Water

Lot

  • Lot size: 0.39 Acres
  • Features: Cul-De-Sac

Parking

  • Total spaces: 8
  • Parking features: Integral,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,144$181,728
Home Insurance *$1,004$12,048
Property Taxes $1,747$20,964
Electricity $589$7,075
Total$18,484$221,808
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$633,737/yr
40% on housing$554,520/yr
45% on housing$492,906/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,035This listing

vs Other Active Listings

Avg $/sqft

ZIP 02840$733
Newport County$543

vs Homes Sold Last Month

Median $/sqft

ZIP 02840$651
Newport County$380

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Price change$2,995,000
2026-03-26Listed for sale$3,195,000
2025-09-27Listing removed$3,250,000
2025-09-04Price change$3,250,000
2025-03-26Listed for sale$3,495,000
2023-06-09Sold$2,286,000
2023-05-29Pending sale$2,595,000
2023-05-08Contingent$2,595,000
2023-02-22Listed for sale$2,595,000
2023-02-20Listing removed--
2023-01-05Listed for sale$2,895,000
2002-03-29Sold$610,000
1997-08-04Sold$301,000

For Sale by Agent

AgentThe Hadfield Group
BrokerageHogan Associates Christie's

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