265 Prospect Ave, Middletown, RI

House

For Sale

Listed price in listed location currency (USD).

$2,500,000

768

MLS® 1406343

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 5000 sqft

Garage Yes

Taxes

Days Active 0

Lot Size 4.5922 acres

Approx. Age 2026

Avg. Price Per Sqft $500

MLS® Number 1406343

Property Address: 265 Prospect Ave, Middletown, RI, 02842-5689

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to complete a luxurious custom coastal estate a bike ride away from the beaches of Middletown & Newport! Situated on a generous half-acre lot in a highly desirable location, this expansive new construction is currently framed and ready for the next owner to bring the vision to life. The approved plans showcase an impressive 6-bedroom, 4.5-bath main residence thoughtfully designed for modern coastal living and large-scale entertaining. The open, light-filled layout features expansive living areas, a chef-inspired kitchen, and seamless indoor-outdoor flow ideal for gatherings and summer living near the shore. Above the attached two-car garage, the design includes a private 1-bedroom, 1-bath accessory dwelling unit (ADU), perfect for extended family, guests, or flexible living arrangements. Exceptional outdoor living, highlighted by an in-ground pool and generous entertaining spaces with wrap around deck/porch. Offered as-is with framing complete, this property presents a unique opportunity for builders, investors, or buyers seeking to customize a luxury residence in one of the area's most sought-after coastal communities. All architectural plans and design documents will transfer to the new owner, providing a head start toward completing this stunning home. Create your dream retreat just moments from Newport's world-class beaches, dining, and coastal attractions!

MLS® Number1406343

Laundry Level

Central VacNo

FireplaceNo

Acreage4.5922

Exterior

GarageYes

Approx. Age2026

BasementExterior Entry, Full, Interior Entry, Unfinished

DrivewayAttached, Garage

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Some photos digitally rendered/enhanced. This is an active construction site -- do not enter without permission. Approved plans attached. Taxes TBD upon completion.

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 13, 2026List Date

$2,500,000List Price

Dec 18, 2024End Date

$1,200,000Sold Price

Sold

Dec 18, 2024List Date

$1,200,000List Price

Apr 9, 2024End Date

$906,000Sold Price

Sold

Apr 4, 2024List Date

$829,000List Price

Map

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