162 Rhode Island Avenue, Newport, RI 02840

$2,995,000 Asking Price

5 beds
5 baths
4,048  sqft
Built in 1981

Private and bucolic, TULIPWOOD is a remarkable 5-bedroom, 4.5-bath INDOOR-OUTDOOR home on a large HALF-ACRE property once part of the original Gibbs Estate in Newport's prized Kay/Catherine neighborhood. This romantic block, once referred to as LOVER'S LANE, is especially scenic, lined with fieldstone walls, specimen trees and storied architecture, and this Top-of-the-Hill location is a quick jaunt to Newport Harbor and a stone's throw to the Atlantic Ocean at Easton's Beach and the Cliff Walk; an easy walk to Bellevue Avenue cafes, shops, tennis, and farmer's market. On arrival, the CIRCULAR DRIVEWAY provides a grand sense of arrival to lush grounds with beautiful flowers, mature shrubs and sprawling lawn. This beautifully organized OPEN CONCEPT layout retains several charming interior details, with reclaimed barn BEAMS and marble FIREPLACE mantel. The sunny and airy 1st floor has a wonderful great room with dining area and open kitchen - with French Doors opening out to an INVITING MAHOGANY DECK leading to a most private backyard for entertaining, gardening, and sports. Another wing features a discreet entrance, its own half bath, bedroom, kitchenette and stone patio - a perfect in-law, guest suite, art studio or home office. The second floor has wonderful treetop views in every direction, with four bedrooms, three baths (two are en-suite) and ample closets. The lower level offers a comfortable recreation room or guest suite with its own bath. A TRUE IN-TOWN PARADISE!


Features & Amenities

Interior

General:
Skylights,Stall Shower,Tub Shower,Cable TV
Appliances:
Dishwasher,Gas Water Heater,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Water Heater
Basement:
Exterior Entry,Full,Interior Entry,Partially Finished
Flooring:
Ceramic Tile,Hardwood,Laminate,Carpet
A/C:
true, Heat Pump,1 Unit
Heating:
true, Baseboard,Electric,Heat Pump,Hot Water,Oil,Zoned
Fireplace:
Marble, Fireplace, Fireplaces: 2

Exterior

General:
Deck,Patio
Style:
Cabin
Parking:
No Garage, Parking spaces: 8

Construction

Windows:
Skylight(s),Thermal Windows
General:
Drywall,Shingle Siding,Wood Siding, 2, Concrete Perimeter

Location

HOA Amenities:
0.0
Originating MLS:
RIS
County:
Newport

Lot

Zoning:
R20, 162RHODEISLANDAVNEWP

Utilities

Utilities:
Sewer Connected, 150 Amp Service,200+ Amp Service,Circuit Breakers
Water:
Connected,Public
Sewer:
Connected,Public Sewer

Financial

Source:
RIS

This listing courtesy of:
Gustave White Sotheby's Realty

About Newport, RI

Housing

Number of Units
13,398
Median Home Value
$529,518
Median Rent
$1,100

54.39% of housing units are renter occupied.

18.99% are vacant.

Commute

Car
53.91%
Public Transportation
1.82%
Walk to Work
7.38%
Work from Home
34.31%
Other
1.34%

The median travel time to work is 14 minutes.

People

Population
24,574
Median Age
38.80
Median Household Size
2.34

Education

High School
18.91%
Associate’s Degree
4.92%
Bachelor’s Degree
31.26%
Graduate Degree
22.40%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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