41 School Street, #2, Newport, RI, 02840 | $1,650,000

Perched on the second floor in the heart of Historic Hill with views of historic steeples, this newly renovated 2-bedroom, 2. 5-bath condominium seamlessly pairs historic elegance with high-end modern living. Residents enter through a stately mahogany front porch into an elegant foyer. Bathed in an abundance of natural light, the home features soaring ceilings anchored by stunning coffered detailing in the living room, beautiful white oak floors throughout, and two cozy gas fireplaces. The heart of the home is a true chef's kitchen, with an oversized island, premium Kohler faucets, and a charming window seat. Designed for ultimate versatility, the layout includes high-end, elegant light fixtures and a dedicated flex space ideal for a private office or a secondary walk-in closet. Both bedrooms feature closets with custom built-ins and luxurious ensuite baths with radiant heated floors, while the primary suite elevates relaxation with a deep soaking tub. Living here is effortless, with private elevator access and professional property management that includes dedicated private storage space, one garage bay, and two off-street parking spaces. Residents enjoy direct access to a beautifully landscaped yard, hardscape patio, garden-level common room outfitted with a wet bar, half bath, table perfect for dining or afternoon mahjong, and a separate seating area for entertaining. Centrally located and incredibly walkable to experience Newport life right from your doorstep.

Features

  • Parking: 3-car
  • Heating: Central,Electric,Forced Air,Heat Pump,Radiant
  • Cooling: Central Air
  • Amenities: Recreation Room,Garden Area,StorageClubhouse,Golf,Marina,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: In Unit
  • Complex: Historic Hill
  • Year Built: 1820
  • Common Charge: $868 Monthly
  • Approx Sq. Feet: 1,265
  • Est. Taxes: $0
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Exhaust Fan,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Tankless Water Heater,Water Heater,Washer
  • MLS#: 1416301
  • Website: https://www.raveis.com
    /prop/1416301/41schoolstreet_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 Lila Delman Compass   Phone: 401-848-2101

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

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:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

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

41 School Street, #2, Newport, RI, 02840

$1,650,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,320,000 $1,320,000 $1,320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.121% 6.058%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,392 $7,914 $11,050
Total Monthly Payment $7,517 $8,039 $11,175

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.