Courtesy: Serhant New England
401-382-0600
An exceptionally rare development opportunity in the heart of downtown Newport. This premier parcel sits in the General Business Zone and is being sold with approvals in place for a Vacation Guest Facility, a designation that is increasingly difficult to secure in today's regulatory environment. The offering includes city approvals, engineering plans and architectural designs. The approved project features 11 residential units across the second, third, and fourth floors, including nine, two-bedroom, two-and-a-half-bath units and two, one-bedroom, one-and-a-half-bath units, all designed to support high-quality short-term and vacation rentals. The ground level is planned for retail use, creating an ideal mixed-use asset that enhances both guest experience and long-term value. The property also includes 23 on-site parking spaces, a major advantage in downtown Newport. This is a unique opportunity to develop and operate a professionally managed short-term rental or boutique vacation facility in one of the most supply constrained markets in New England. With new short-term rental approvals becoming increasingly rare, this project offers a clear path to scale in a market defined by strong seasonal demand, premium nightly rates, and limited competition. Guests can step out the front door and be fully immersed in downtown Newport, surrounded by renowned restaurants, shops, and marinas, while enjoying walkable access to everything that makes the city a world-class destination.
Courtesy: Hogan Associates Christie's
401-680-6588
This .34 acre parcel waterview lot offers a rare opportunity to create your dream home with views of Easton's Pond, with Easton's Beach and the Cliff Walk just beyond. Located just beyond the Kay and Eustis neighborhood, this lot offers a 14,000+ sf flat, lush, landscape to bring your vision to life. An existing 1800 sf, 3-bed, 1-bath residence is currently sited on the parcel. See MLS # 1396543
Courtesy: Edge Realty RI
401-783-1007
Located in the heart of Newport's coveted Point neighborhood, this nearly 5,000 square foot vacant lot presents a truly rare opportunity to build your dream home in one of the city's most historic and desirable areas. With direct access to city utilities including electric, gas, water, and sewer, this lot offers a seamless path to development in an established residential setting. Enjoy a short stroll to the harbor, downtown shops, restaurants, and parks while living in a neighborhood known for its colonial charm and coastal lifestyle. Whether you're a builder, investor, or end-user, this is a unique chance to create a custom home in a location where vacant land is almost never available.
Newport is located in Rhode Island. Newport, Rhode Island has a population of 25,322. Newport is less family-centric than the surrounding county with 21.09% of the households containing married families with children. The county average for households married with children is 27.01%.
The median household income in Newport, Rhode Island is $77,092. The median household income for the surrounding county is $90,435 compared to the national median of $69,021. The median age of people living in Newport is 35.2 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 47.8 inches per year, with 30.5 inches of snow per year.
