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1 Oakwood Ter APT 7, Newport, RI, 02840

2beds
2baths
1,015sqft
$599,000
$590price/sqft
$4,051/moest. monthly cost
$162,040/yrincome needed

About This Home

Desirable Kay/Catherine Location- Immaculate Penthouse Condominium located in the Majestic "Whitestone " Estate Built in 1902 designed by the renowned Architects McKim, Mead and White. This 2-bedroom 2 bath unit is the perfect opportunity to be part of a spectacular Historical Nationally Registered Property full of period architectural features yet modern conveniences. Enter the gracious foyer with the wide, flowing wrap around stairway to the 3rd floor Penthouse unit. Privacy & serenity abound with views of the mature landscape & neighborhood. The spacious, light unit enters the living room/dining area with vaulted, skylit ceilings open to the 2nd level viewing a custom painted mural of Castle Hill. The updated galley style kitchen has granite counters & stainless appliances. Master suite with walk-in-closet, renovated tile bathroom, oversize shower and Riverstone flooring. The 2nd level has a bedroom overlooking the living area, full bath, laundry area & walk in closet. Wood Floors throughout. The unit offers flexibility for annual home or easy vacation get away. Beautiful grounds & gardens with mature landscape including a Patio Area with Grill for al Fresco Dining. Professionally Managed,1 Assigned Parking with guest and private basement storage. Superb Newport Location, easy walk to Bellevue Ave, Tennis Hall of Fame, The Cliff Walk, Beaches Downtown Shops & Restaurants & all Newport activities. Easy on and off the island. Must see to appreciate all this has to offer!

Getting Around

85
WalkingVery Walkable
33
TransitSome Transit
68
BikeBikeable

Schools

4/10
Rogers High SchoolGrades 9-121.5 mi
4/10
Pell Elementary SchoolGrades PK-41.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Construction materials: Dry Wall,Plaster,Masonry,Wood

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Dryer,Disposal,Microwave,Oven/Range,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Full,Interior and Exterior,Unfinished,Common,Storage Space,Utility

Bathroom

  • Features: Ceiling Height 7 to 9 ft
  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Area

  • Features: High Ceilings
  • Level: Third

Features

  • Wall (Dry Wall),Wall (Plaster),Cathedral Ceiling(s),Skylight,Stairs,Plumbing (Mixed),Insulation (Unknown)
  • Door features: Storm Door(s)
  • Window features: Insulated Windows,Storm Window(s),Skylight(s)
  • Flooring: Ceramic Tile,Hardwood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,015

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Forced Water,Gas Connected,Individual Control,Zoned
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,015
  • Total interior livable area: 1,015 sqft

Kitchen

  • Features: Ceiling Height 7 to 9 ft
  • Level: Third

Living Room

  • Features: High Ceilings
  • Level: Third

Master Bedroom

  • Features: Ceiling Height 7 to 9 ft
  • Level: Third

Other

  • Features: Ceiling Height 7 to 9 ft
  • Level: Third

Other

  • Features: High Ceilings
  • Level: First

Other

  • Features: Ceiling Height 7 to 9 ft
  • Level: Third

Storage

  • Features: High Ceilings
  • Level: Lower

Utility Room

  • Features: High Ceilings
  • Level: Lower

Property

Details

  • Parcel number: NEWPM026B0071L7
  • Zoning: R-20
  • Other equipment: Cable TV,Intercom

Features

  • Stories: 2
  • Entry location: First Floor Access,Third Floor or higher Access
  • Patio & porch: Patio
  • Waterfront features: Walk to Fresh Water,Walk to Salt Water,Walk To Water

Lot

  • Features: Local Historic District,Corner Lot,Secluded,Security,Sidewalks,Wooded

Parking

  • Total spaces: 1
  • Parking features: No Garage,Assigned,Driveway
  • 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

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

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 $3,028$36,336
Home Insurance *$200$2,400
Property Taxes $434$5,208
Electricity $389$4,675
Total$4,051$48,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,891/yr
40% on housing$121,530/yr
45% on housing$108,026/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

$590This listing

vs Other Active Listings

Avg $/sqft

ZIP 02840$749
Newport County$549

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
2026-04-28Price change$649,000
2026-02-02Listed for sale$675,000
2020-09-17Listing removed$395,000
2020-09-17Pending sale$395,000
2020-09-15Sold$382,000
2020-07-16Listed for sale$395,000
2016-11-03Sold$298,000
2016-10-29Pending sale$299,000
2016-07-22Price change$299,000
2016-06-13Price change$329,000
2016-03-16Listed for sale$349,000
2015-12-31Listing removed$375,000
2015-09-05Price change$375,000
2015-08-01Listed for sale$399,000

For Sale by Agent

AgentEdith Cushing
BrokerageRE/MAX Profnl. Newport, Inc.

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