287 Gibbs Avenue, Newport, RI, 02840 | $25,000

"Terrazzo Sasso" is a stately, renovated Victorian retreat offering timeless Newport charm and modern comfort. Set on a beautifully landscaped half-acre, this elegant residence is ideal for extended families or groups, featuring 6 bedrooms, 4. 5 baths, and sleeping up to 10 guests. Designed for entertaining and relaxation, the home offers multiple gathering spaces, including a sunroom, family room with gas fireplace, library sitting room, wet bar, and playroom with ping pong table. The chef's kitchen features two refrigerators, a walk-in pantry, and ample space for cooking and hosting. Upstairs, the primary suite includes a king bed, walk-in closet, and en-suite bath with soaking tub and shower. A twin bedroom with en-suite bath and a wing with two bedrooms each with twin beds sharing a full bath complete the second floor, along with a convenient laundry area. The third floor offers a queen bedroom with an alcove sitting area, a peek of water views, and a full bath. Outdoors, enjoy a brick patio, wood-fired pizza oven, built-in grill, koi pond, and outdoor heaters. Central air is on the main and third floors, with freestanding A/C units in the second-floor bedrooms. With multiple living and entertaining spaces, lush gardens, and plenty of parking, Terrazzo Sasso offers the perfect setting for multi-family gatherings or a memorable Newport summer among family and friends.

Features

  • Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 13
  • Bedrooms: 6
  • Baths: 4 full / 1 half
  • Laundry: Common Area
  • Style: Victorian
  • Year Built: 1873
  • Garage: Detached,Garage
  • Heating: Baseboard,Forced Air,Gas
  • Cooling: Central Air,1 Unit
  • Basement: Full,Unfinished
  • Approx Sq. Feet: 5,632
  • Acreage: 0.49
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
  • Lease Term Type: Month To Month
  • MLS#: 1399641
  • Website: https://www.raveis.com
    /prop/1399641/287gibbsavenue_newport_ri?source=qrflyer
Copyright © 2026  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Serhant Rhode Island   Phone: 401-382-0600

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

287 Gibbs Avenue, Newport, RI, 02840

$25,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $20,000 $20,000 $20,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.990% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.112% 6.132% 5.415%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $110 $120 $159
Total Monthly Payment $185 $195 $234

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.