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Rhode Island’s Historic Sea View Villa Lands on the Market For $25M

MLS / Realtor.com

The landmark estate known as “Sea View Villa” in Middletown, RI, is now on the market for $25 million.

It’s the first time the home has been for sale in three generations. Located on a bluff at the tip of Easton’s Point, the huge 11-bedroom property offers incredible views that span from Martha’s Vineyard to Block Island.

Built in 1881, the residence retains much of its period charm throughout. And as you stroll the craggy shores along this waterfront property, you can see nearby Newport‘s famed Cliff Walk and the luxurious mansions that dot it. There are also formal gardens and a beautifully manicured lawn that lead naturally down to the oceanside.

Easton’s Point

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Aerial view

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“I think the most unique feature of this home is that it is almost a four-acre property located at the tip of Easton’s Point,” says listing agent Tina Wiley of Gustave White Sotheby’s International Realty. “You really have incredible views of the Atlantic Ocean and Newport mansions. You can watch incredible sunsets from the wrap-around porch as well. It’s just a beautiful piece of property.”

But there is one caveat: it’s a multi-unit residence.

A buyer will have the option of either transforming it back into a grand single-family home or keeping it as a revenue-generating rental property. Currently configured with five apartments in the main house and four apartments in the carriage house, the income stream could be appealing.

“The apartments have been rented out for a number of years,” Wiley said. “They have done both seasonal and annual rentals.”

In the main house, much of the original detailing still remains.

Porch

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Living area

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Dining room

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“There is lots of beautiful woodworking, a gorgeous fireplace, and hardwood floors,” says Wiley. “The larger apartment on the first floor of the main house has carpeting, but there is original hardwood flooring underneath. There is a fireplace in the dining room that has brick exposed on the exterior and there are stained glass windows in the room as well that are original. The detail on the porch is all original as well.”

The 8,105-square-foot home is considered a Rhode Island landmark.

“It’s one of the homes that everyone sees and is recognizable from Memorial Boulevard,” Wiley says. “If you are looking out towards the Atlantic, you see it at the tip of Easton’s Point.”

It’s been a family affair for eight decades, but the time has come to find an owner to push the property into the 21st century.

Bedroom

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Apartment living area

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Apartment bedroom

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Back of house

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Who does Wiley envision as the next owner of the property?

“I think to bring it back to a single-family residence would be the best use for the property,” she says. “I think it would probably also be a second home for the next buyer. This is the sort of property that commands a single-family home.”

The post Rhode Island’s Historic Sea View Villa Lands on the Market For $25M appeared first on Real Estate News & Insights | realtor.com®.

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