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120 Miantonomi Avenue Middletown

$3,925,000
0 8,686 sq ft

The Property

The Villa, with its old-world charm and quiet, contemplative atmosphere, has seen a variety of uses over the past centuries, from a spacious home befitting the Italianate Stick Style design, to a busy licensed eight- bedroom Bed & Breakfast hosting countless, elegant parties for its treasured guests, including many weddings and other celebratory functions.

With the current owner’s devotion to the past and look to the future, the upgrades discussed throughout this presentation set the stage for yet more diverse possibilities in the cradle of the Gilded Age shadows.

Whether you might be looking for that tranquil oasis on the outskirts of busy Newport to see your family thrive with plenty of room to spare in one of the most desired locations in the country or fulfill a dream of owning your own Bed & Breakfast in an environment that has a local government that recognizes the benefits of tourism and pride in the past, the Villa still offers that unique pathway to those dreams.

Additionally, there are yet other possibilities for future development on the property, due to the zoning configuration of the land area.

A potential development could include ancillary facilities that augment the functionality of the structure itself, without effecting the bucolic charm of the grounds. Available by private showing only. The sale includes planning board approval for two additional residential lots of 15,000 sq ft each.

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Listing Details

MLS Number

1309488

Lot Size:

1.70 acres

Features

  • Basement: Full
  • Restrooms
  • Restaurant(s)
  • Heating: Central Heat, Common, Forced Water, Gas Connected, Steam
  • Type: Bed and Breakfast
  • Year Built: 1856

Market Trends for Commercial Properties
in Middletown

  • Overview
    Homes for Sale Today2-92.9% decrease in inventory
    New on Market *1100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$261.11$261 increase in List Price/Sq.Ft.
    Avg. Sale Price *$0$0 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *0 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Cullinan Real Estate

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