




216 Gray Craig Rd, Middletown, RI, 02842
About This Home
Built in 1926 and nestled within a 77 acre estate association, “The Stables at Gray Craig" is one of the more peaceful and private residences on Aquidneck Island. Offering 5 bedrooms, 4 full and 2 half baths within more than 10,000ft., the main house and its guest quarters are abundant in period detail and charm. The first level is both elegant and comfortable and is comprised of a spacious great room, an office which leads to a beautiful patio, dining room which is conveniently located next to the expansive kitchen, family room, two bathrooms, and two bedrooms. The second level consists of a large primary suite, a guest bedroom and 2 full baths. The third level is a separate seating area with a private balcony that overlooks spectacular grounds with a wonderful ocean view. The lower level is partially finished w/ a magnificent wine cellar and lounge area, gym and half bath. The original Gray Craig estate was designed by well-known architect Harrie T. Lindeberg and was centered around a chateau-like home which included kennels, greenhouses, a secret garden, tea house, gate house and "The Stables". Currently, the Gray Craig estate is a private association which abuts acres of conservation land and wildlife sanctuaries. Located 2+ miles from Newport and a mile from Sachuest Beach, the location is a perfect retreat for those who desire privacy, but also enjoy having the ocean and all that Newport has to offer within close proximity.
Getting Around
Schools
Construction
Condition
- Year built: 1926
Materials
- Foundation: Concrete Perimeter
- Construction materials: Masonry
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Partial,Interior and Exterior,Partially Finished,Bath/Stubbed,Common,Wine Cellar
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Features
- Plumbing (Mixed)
- Flooring: Ceramic Tile,Hardwood,Marble
- Number of fireplaces: 5
- Fireplace features: Marble,Stone,Wood Burning
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 10,263
Heating & Cooling
- Heating features: Oil,Forced Air,Radiant
- Cooling features: Central Air
Interior Area
- Total structure area: 10,263
- Total interior livable area: 10,263 sqft
Property
Details
- Parcel number: MIDDM0126B00L212
- Zoning: R-60
Lot
- Lot size: 2.76 Acres
Parking
- Total spaces: 14
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
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
- Hurricane
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- 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 | $25,788 | $309,456 |
| Home Insurance * | $2,145 | $25,740 |
| Property Taxes | $4,715 | $56,580 |
| Electricity | $2,090 | $25,081 |
| Total | $34,738 | $416,856 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Listed for sale | $5,100,000 |
| 2025-06-19 | Listing removed | $5,400,000 |
| 2024-06-26 | Listed for sale | $5,400,000 |
| 2023-04-05 | Listing removed | -- |
| 2023-03-13 | Listed for rent | $10,000 |
| 2022-11-01 | Listing removed | -- |
| 2022-07-13 | Price change | $6,100,000 |
| 2022-06-16 | Listed for sale | $6,500,000 |
| 2022-01-19 | Listing removed | -- |
| 2021-11-17 | Price change | $4,000 |
| 2021-11-06 | Listed for rent | $9,000 |
| 2021-01-12 | Listing removed | -- |
| 2020-08-06 | Listed for rent | $15,000 |
| 2017-06-29 | Listing removed | $2,000 |
| 2017-04-22 | Price change | $2,000 |
| 2017-04-05 | Listed for rent | $3,000 |
| 2014-06-10 | Sold | $150,000 |
| 1999-02-08 | Sold | $1,500,000 |
