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Overview

  • Updated On:
  • March 24, 2026
  • 5,000 ft2
  • Property Size
  • 5.5
  • Bathrooms
  • 12
  • Rooms
  • 7
  • Bedrooms
  • 5 ac
  • Property Lot Size

265 Prospect Avenue, Middletown, RI, 02842, MLS#: 1406343

$ 2,500,000
265 Prospect Avenue, Middletown

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!

Property Id: 967892
Price: $ 2,500,000
Property Size: 5,000 ft2
Property Lot Size: 5 ac
Rooms: 12
Bedrooms: 7
Bathrooms: 5.5
Architectural Style: Contemporary
Basement: Full, Interior and Exterior, Unfinished
Bathrooms Full: 5
Bathrooms Half: 1
Building Area Total (sqft): 5000
Inclusions: Some photos digitally rendered/enhanced. This is an active construction site -- do not enter without permission. Approved plans attached. Taxes TBD upon completion.
Community Features: Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis
Construction Materials: Shingles
Cooling: Central Air
Parking Total: 8
Electric: None
Fireplace Features: None
Flooring: Hardwood
Foundation Details: Concrete Perimeter, Mixed
Garage Spaces: 2
Heating: Oil, Other
MLS Listing #: 1406343
Living Area Source: Builder
Living Area Units: Square Feet
Lot Features: Paved Driveway
Lot Size SQFT: 200037
MLS Status: Active
Parking Features: Attached
Pool Features: In Ground
Sewer: Public
State: RI
Stories Total: 3
Street Name: Prospect
Street Number: 265
StreetNumberNumeric: 265
Street Suffix: Avenue
Water Source: Municipal, Public
Waterfront Features: Access, Beach
Year Built: 2026

Address: 265 Prospect Avenue
State/County:
Zip: 02842
Country: US

Outdoor Details
Garage Attached
Other Features
Deck
Electric Water Heater
Has Cooling System
Has Garage
Has Heating System
New Construction
Open Parking
Porch
Screened Pch/Patio/Dck/Brzwy

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$ 14,796.46
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11,671.46

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DISCLAIMER TEXT: 265 Prospect Avenue | 967892 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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