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Price $2,199,000 USD
Status Active
Bedrooms 9
Full Baths 9
Partial Baths 1
Year Built 1857
Living Area 8,000 sqft
MLS 1257908
County Newport
Neighborhood Newport/Middletown border
Resources

1 Ichabod Lane
Middletown, RI, United States

Appliances

Central Air Conditioning, Dishwasher, Dryer, Microwave Oven, Refrigerator, Washer & Dryer.

Interior features

Bar-Wet.

Rooms

<span class="translation_missing" title="translation missing: en.rooms.BM">Bm</span>.

Exterior features

Deck, Open Porch(es), Patio.

Description

Restmere is a magnificent Italianate villa designed in 1857 well known architect Richard Upjohn. Newport architect John Grosvenor and author Cheryl Hackett restored Restmere, had this landmark listed on the National Register of Historic Places and intentionally designed the living spaces so that the home can function as a 6 bedroom, seven bathroom home with an additional two bedroom, two bathroom townhouse apartment or a three distinct residences: Owner's residence, Penthouse and Town House. Either option allows for a steady, income stream as the restoration entailed replacing the roof, installing HVAC, and upgrading mechanicals. The owner's 6,000 square foot residence features a classic veranda, entrance hall, grand staircase, formal living room and dining room, powder room, library and gourmet kitchen—all with 12' high ceilings, parquet floors, working fireplaces, and period lighting. The second floor features 10' high ceilings, three bedrooms with ensuite luxurious bathrooms. The basement has several rooms one of which is finished and could be a studio or exercise room. The former kitchen ell has been transformed into a furnished two-bedroom, two-bath townhouse with laundry, basement storage and parking. The three bedroom three bathroom elegantly furnished penthouse also has a private entrance, parking and patio. Until Covid, it was Airbnb rental. Currently both are rented on a long term basis. The rental income averages around $60,000/year & could easily be maximized.

Presented by

1397062779 View Business Profile

Gustave White Sotheby's Intl.
Main: +1 401 849 3000
Fax: +1 401 849 9310

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