Property profile

141 Gray Craig Rd Middletown, RI 02842

OFF-MARKET
Residential land & home lots
Property ID
US76-0376101
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Property summary

AI-generated overview

Nestled within the breathtaking 77-acre Gray Craig estate, this remarkable 1.39-acre building lot offers an idyllic canvas for your dream home. Just a half mile from the serene shores of Second Beach and a mere mile and a half from the vibrant heart of downtown Newport, the location is both harmonious and convenient. Enjoy nearby natural wonders such as Sachuest Wildlife Preserve, Norman Bird Sanctuary, and the picturesque Third Beach and Sweet Berry Farm. As you meander down the long, stately drive of Gray Craig, you'll immediately sense the unique charm and exclusivity of this property one of only eight buildable sites within this prestigious estate. This is a rare opportunity to create your own sanctuary in one of the area's last remaining prime lots. The parcel is perfectly flat and ready for development, with convenient access to town water and sewer services, or ample space for private systems. Surrounded by mature trees and stunning rock outcroppings, this lot not only provides privacy but also a beautiful natural backdrop. Don't miss your chance to build a truly private estate mere moments from the delightful beaches of Newport. Seize this unparalleled opportunity to embrace coastal living in a serene, upscale setting! Translate

Property profile

Verified
Property type Residential land & home lots
UPID US76-0376101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

141 Gray Craig Rd Middletown, RI 02842
Middletown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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