News Summary
The luxury real estate market in Newport, Rhode Island, has reached a notable milestone with the sale of a stunning waterfront estate at 320 Harrison Avenue for $12,145,000. This sale is among the top three highest in Rhode Island for 2025, showcasing the increasing demand for high-end properties in the area. The estate features five bedrooms, seven bathrooms, and luxury amenities, highlighting Newport’s status as a desired destination for affluent buyers. Sales Associate Lee Scura Holloway represented the buyer in this landmark transaction, further cementing her role in the local real estate scene.
Newport, Rhode Island — A notable milestone in the luxury real estate market has been achieved with the recent sale of a prestigious property located at 320 Harrison Avenue. This waterfront estate sold for an impressive $12,145,000, making it one of the top three highest real estate transactions in Rhode Island for 2025 to date, according to data from State-Wide MLS. It is also marked as the second-highest sale in Newport for the year.
The property, which is positioned between the Newport Country Club and preserved open space, boasts stunning unobstructed ocean views from nearly every room. The estate features a gated entrance and includes five spacious bedrooms, along with seven full bathrooms and two half bathrooms. Luxury finishes are evident throughout the home, enhancing its appeal in the high-end market.
Designed for both comfort and entertainment, the kitchen is outfitted with high-end Wolf and Sub-Zero appliances. Additional amenities include a radiant-heated two-car garage within the main house, a wraparound patio featuring a fire pit, and outdoor entertainment areas equipped with a built-in gas grill. The estate also encompasses a 1,684-square-foot guest cottage that comprises one bedroom and four additional rooms, as well as a separate four-bay radiant-heat garage and carriage house.
Sales Associate Lee Scura Holloway played a pivotal role in this landmark sale, representing the buyer in this substantial transaction. Holloway has established herself as a significant player in Newport County’s real estate scene and previously represented buyers in the second-highest Newport sale of 2024, a $9.9 million purchase known as The Playhouse, located at 294 Ocean Avenue. As a native Rhode Islander and Certified Relocation Specialist, she brings a wealth of knowledge about the local market, having built her career in commercial real estate in New York City before returning to Rhode Island.
This record sale underscores the growing demand for luxury properties in Newport, which is recognized as one of New England’s most desirable luxury destinations. Residential Properties Ltd., the firm involved in the transaction, aims to strengthen its presence in this high-end coastal market, reflecting an upward trend in luxury real estate activity in the area.
Brandyn Brunelle, the Chief Strategy Officer at Residential Properties Ltd., acknowledged Holloway’s expertise and professional reputation on Aquidneck Island as exceptional, reiterating the company’s commitment to the luxury market. As more affluent buyers are drawn to Newport for its scenic beauty and prestigious reputation, the real estate landscape continues to evolve, providing exciting opportunities for both buyers and sellers.
In summary, the sale of 320 Harrison Avenue signifies a vital development in the Rhode Island luxury real estate market, marking a substantial achievement for both the buyer and the representing agent, while emphasizing Newport’s esteemed status in the high-end property sector.
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Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
