41 Castle Hill Ave, Newport, RI, 02840
About This Home
NEW PRICE! "Castleberry" with its amazing ocean views was built as a family retreat for its walkability to the beach, pool, and plenty of room for family and guests. Location, location, location are key words here. This 5-bedroom, 7 full & 2 half baths, shingle style home has 8614 sf above ground living space with an additional 2,679 sf of lower level living space of media room with wet bar, exercise room, and utility room. An elevator makes this a comfortable home for all ages. The main level has a family room with fireplace that may also be used as a first floor bedroom with its full bath. The Great Room provides an open floor plan for food preparation/dining, sitting area to enjoy your guests and family while entertaining casually. A formal dining room is also on the first floor. The second floor balconies and windows allow breathtaking views out onto Ocean Drive and the beach. The second floor primary bedroom has another fireplace. The laundry room on this floor makes life convenient. There is a top floor 18'x18' sunroom/observation deck to catch the sunsets over the ocean and beach. This coveted area off Ocean Drive provides privacy and beach access with Castle Hill Neighborhood Assn membership. The Castle Hill Inn is a short walk up the hill where neighbors are always welcome. House is being offered Turnkey except for personal items--truly a family generational home or vacation home to be shared with family and friends.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Foundation: Concrete Perimeter
- Construction materials: Dry Wall,Shingles,Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater,Dishwasher,Dryer,Exhaust Fan,Disposal,Range Hood,Microwave,Oven/Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Finished,Bath/Stubbed,Laundry,Utility
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 9
- Full bathrooms: 7
- 1/2 bathrooms: 2
Features
- Wall (Dry Wall),Stairs,Wet Bar,Plumbing (Mixed),Insulation (Floors),Insulation (Unknown),Elevator
- Flooring: Ceramic Tile,Hardwood
- Number of fireplaces: 4
- Fireplace features: Gas
- Fireplace: Yes
- Finished area below ground: 2,679
- Finished area above ground: 8,614
Heating & Cooling
- Heating features: Natural Gas,Central Air,Zoned
- Cooling features: Central Air
Interior Area
- Total structure area: 8,614
- Total interior livable area: 11,293 sqft
Property
Accessibility
- Accessibility features: Accessible Elevator Installed
Details
- Parcel number: NEWPM044B0089
- Zoning: R40A
- Other equipment: Elevator
Features
- Pool features: In Ground
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Access,Beach,Walk to Salt Water
Lot
- Lot size: 0.99 Acres
- Features: Local Historic District,Corner Lot
Parking
- Total spaces: 8
- Parking features: Attached,Garage Door Opener,Integral
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Hurricane
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $41,463 | $497,556 |
| Home Insurance * | $2,751 | $33,012 |
| Property Taxes | $5,837 | $70,044 |
| Electricity | $2,299 | $27,599 |
| Total | $52,350 | $628,200 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-03 | Price change | $8,890,000 |
| 2026-04-10 | Price change | $8,990,000 |
| 2026-03-09 | Price change | $9,250,000 |
| 2025-12-12 | Price change | $9,500,000 |
| 2025-12-06 | Price change | $9,999,999 |
| 2025-07-27 | Price change | $10,500,000 |
| 2025-05-28 | Price change | $9,999,999 |
| 2025-03-20 | Listed for sale | $10,500,000 |
| 2021-02-07 | Listing removed | -- |
| 2021-01-26 | Listed for sale | $7,200,000 |
| 2019-11-09 | Listing removed | $60,000 |
| 2018-11-12 | Listed for rent | $60,000 |
| 2005-04-01 | Sold | $15,700 |
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