Buy (a piece of) an Ocean Drive mansion

Buy (a piece of) an Ocean Drive mansion

There are 10 units inside this 1927 mansion known as "The Waves."

A trip down Newport’s Ocean Drive is one of those things that reminds us how incredibly fortunate we are to live in this corner of the country. It’s a natural wonder. It’s also an address, and for most of us, a pretty unattainable one.

But if you have ever dreamed of calling the Ocean Drive neighborhood home, but found yourself about eight digits short of a down payment, now may be your chance.

This hideaway at 61 Ledge Road is a cozy, 830-square-foot pied-a-terre, set on a beautifully landscaped south-facing rocky promontory, with nothing between you and the vast Atlantic. The unit is one of ten in this 1927 mansion known as “The Waves,” which was designed and built by John Russell Pope on the site of the home of former Gov. Charles W. Lippit’s  1898 mansion, “Breakwater,” also known as Lippitt’s Castle.

This unit within a stunning, historic half-timbered and stone building contains one bedroom with one full bath and a half bath, a large living room and kitchen area, and a bedroom which overlooks the waves crashing on the rocks at the end of the Cliff Walk.

Stone stairs lead from the driveway through a stone gate and a large, enchanting walled garden to the unit’s charming, rustic entrance. The gentle thunder of the surf and the clean salt air welcome you home.

The property also includes in-unit laundry facilities, designated parking, a separate storage room on the lower level and a private bluestone patio in the garden. This is truly a once-in-a-lifetime opportunity to own a (piece of a) Newport mansion, in one of the most dramatic settings imaginable.

Just the facts

  • $699,000
  • 1 bedroom
  • 1.5 bathrooms
  • Prudential Prime Properties
  • Richard C. Grosvenor
  • 401-862-1995
  • [email protected]