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601 Bellevue Ave, Newport, RI, 02840

12beds
13baths
16,601sqft
$18,000,000
$1,084price/sqft
$113,249/moest. monthly cost
$4,529,960/yrincome needed

About This Home

Step into Gilded Age grandeur with this iconic French-style chateau, thoughtfully reimagined for modern luxury. Designed and commissioned for the Drexel family in 1929 by renowned architects Polhemus & Coffin, and inspired by 'La Lanterne' at Versailles, 'Champ Soleil' is a masterpiece of timeless elegance. Located at the South end of Bellevue Avenue this privately sited estate is set on close to 5 acres behind wrought-iron gates and specimen trees. The main residence offers approximately 13,428 square feet of refined interiors, the estate features 7 bedrooms and 8.3 baths, complemented by grand entertaining rooms, a paneled library, a home theatre, and fully modernized integrated high-end systems. The outdoor spaces include manicured gardens designed by landscape architect Unberto Innocenti, a croquet lawn, a 20' × 40' pool, FAA approved heliport, large greenhouse, and expansive terraces for entertaining. A separate two-unit carriage house with additional 4 car garage and workshop on Coggeshall Avenue provide additional accommodations, while vacant land offers potential subdivision opportunity. Meticulously restored and modernized, Champ Soleil seamlessly blends historic character with today’s luxurious comforts, preserving the splendor of Newport’s legendary Gilded Age. A landmark estate representing a rare opportunity in one of America’s premier coastal enclaves.

Getting Around

14
WalkingCar-Dependent
25
TransitSome Transit
31
BikeSomewhat Bikeable

Schools

4/10
Rogers High SchoolGrades 9-120.9 mi
4/10
Pell Elementary SchoolGrades PK-43.3 mi

Construction

Condition

  • Year built: 1929

Materials

  • Foundation: Brick/Mortar,Concrete Perimeter
  • Construction materials: Ceramic,Dry Wall,Paneled,Plaster,Wood Wall(s),Masonry

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Dryer,Exhaust Fan,Range Hood,Microwave,Oven/Range,Refrigerator,Washer,Whirlpool

Basement

  • Has basement: Yes
  • Basement: Full,Interior and Exterior,Partially Finished,Laundry,Storage Space,Utility,Workout Room

Bathroom

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

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 13
  • Full bathrooms: 10
  • 1/2 bathrooms: 3

Features

  • Wall (Cermaic),Wall (Dry Wall),Wall (Paneled),Wall (Plaster),Wall (Wood),Cathedral Ceiling(s),Cedar Closet(s),Dry Bar,Stairs,Wet Bar,Plumbing (Copper),Plumbing (Galvanized),Plumbing (Mixed),Plumbing (PVC),Insulation (Ceiling),Insulation (Unknown),Insulation (Walls),Elevator
  • Flooring: Ceramic Tile,Hardwood,Marble,Parquet
  • Number of fireplaces: 6
  • Fireplace features: Brick,Stone
  • Fireplace: Yes
  • Attic: Attic Storage
  • Finished area below ground: 1,140
  • Finished area above ground: 15,461

Heating & Cooling

  • Heating features: Natural Gas,Central Air,Forced Air,Gas Connected,Zoned
  • Cooling features: Central Air

Interior Area

  • Total structure area: 15,461
  • Total interior livable area: 16,601 sqft

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: NEWPM037B0019
  • Zoning: R60/R10
  • Other equipment: Cable TV,Elevator,Hot Tub

Features

  • Pool features: In Ground
  • Patio & porch: Patio
  • Spa features: Hot Tub
  • Fencing: Fenced
  • Waterfront features: Walk to Salt Water,Walk To Water

Lot

  • Lot size: 4.80 Acres
  • Features: Local Historic District,Secluded

Parking

  • Total spaces: 17
  • Parking features: Attached,Detached
  • Has garage: Yes
  • Attached garage spaces: 7
  • Covered spaces: 7

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 $91,017$1,092,204
Home Insurance *$6,039$72,468
Property Taxes $12,813$153,756
Electricity $3,380$40,571
Total$113,249$1,358,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,882,822/yr
40% on housing$3,397,470/yr
45% on housing$3,019,973/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

$1,084This listing

vs Other Active Listings

Avg $/sqft

ZIP 02840$732
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
2026-05-01Listed for sale$18,000,000
2025-12-01Listing removed$22,000,000
2025-10-15Listed for sale$22,000,000
2025-10-04Listing removed$120,000
2025-09-13Price change$120,000
2025-08-27Listed for rent$85,000
2025-08-26Listing removed$120,000
2025-07-19Price change$120,000
2025-05-13Price change$85,000
2025-02-25Listed for rent$130,000
2025-02-25Listing removed$85,000
2025-02-08Listed for rent$85,000
2025-02-05Listing removed$130,000
2025-01-30Price change$130,000
2025-01-17Listed for rent$85,000
2025-01-17Listing removed$130,000
2025-01-14Listed for rent$130,000
2021-01-09Listing removed$15,800,000
2020-11-06Listed for sale$15,800,000
2015-10-21Listing removed$32,500
2015-09-21Listed for rent$32,500
2015-04-11Listing removed$80,000
2015-01-15Price change$80,000
2014-12-04Listed for rent$160,000
2014-06-21Listing removed$150,000
2003-09-10Sold$4,739,000

For Sale by Agent

AgentDavid Huberman
BrokerageGustave White Sotheby's Realty

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