481 Oliphant Lane

Off Market

481 Oliphant Lane

Newport East RI 02842

1986 sq. ft.

22216 sq. ft.

Single-Family

Last sold for $700,000

Tyler Bernadyn, last sold this property on 14 October 2026 after 362 days on market.

Overview

Set on a half-acre lot in the heart of Middletown, 481 Oliphant Lane is a great combination of space, location, and income-producing potential on Aquidneck Island. This 5-bedroom, 2-bath Colonial is minutes from Newport Vineyards, Newport National Golf Club, Wanumetonomy CC, local walking trails, and Middletown's beaches, with downtown Newport approximately 15 minutes away. A Transient Guest license is currently in place, creating an opportunity for legal short-term rental use and added flexibility as a primary residence, second home, or investment property. The first floor offers a spacious kitchen with a brick fireplace, living and dining areas, a full bathroom, and a large bedroom with an adjoining bonus room ideal for a home office, guest space, or additional living area. The second floor includes 4 additional bedrooms, a full bathroom, and original built-ins that add to the home's classic New England character. The property provides a large yard, ample off-street parking, a detached one-car garage, and an additional storage shed, offering plenty of room for year-round or seasonal living. With convenient access to Newport, Portsmouth, the Naval Station Newport, NUWC, beaches, golf courses, vineyards, and the broader Aquidneck Island community, 481 Oliphant Lane is well positioned for buyers seeking a spacious Middletown home with short-term rental potential in a central location.

Features

5 bedrooms

2 bathrooms

9 carspaces

1 garage space

1986 sq. ft. floor area

22216 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Newport East over the last 12 months, the estimated median property value of 481 Oliphant Lane is $1.36m.

Median value

$1.36m

Estimated value range

$650k - $6.25m

Median days on market

Estimated value trend

34%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Newport East. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 481 Oliphant Lane

2026

Sold

$700,000

14 Oct 2026 by Tyler Bernadyn, of REMAX Results | Middletown

2024

Rented

Undisclosed

16 Dec 2024 by REMAX Professionals | Newport

2021

Sold

$487,500

26 May 2021 by David Travers, of Keller Williams Coastal

Happy sellers in Newport East

We have insufficient information to provide an overview of customer satisfaction for Newport East. Viewing the agent profiles, reviews and sales for Newport East can provide insights for this location.

Local market activity for 5 bedroom single-family properties in Newport East

In the last 12 months, 8 five-bedroom single-family properties similar to 481 Oliphant Lane, have been sold.

This represents a 28% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Newport East for a market analysis.

Isabel Ferreira

at Century 21 North East Group

(56 reviews)

Get a market analysis

Kara Malkovich

at Lila Delman Compass

Get a market analysis

David Travers

at Keller Williams Coastal Bend

(1 review)

Get a market analysis

Meredith Le Blanc

at Hogan Associates

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Newport East

Isabel Ferreira

Isabel Ferreira is an award winning recommended agent for Newport East. They have 1 local sale and collected 1 local review across the last 12 months.