Rhode Island Luxury Real Estate: Exceptional Waterfront Estate Designed by Cardello Architects Asks $6.595M
Tucked within the prestigious Aquidneck Club, 272 Carnegie Harbor Dr in Portsmouth, Rhode Island, stands as a rare blend of coastal serenity and architectural sophistication. Listed at $6,595,000, this six-bedroom, ten-bathroom residence spans over 10,556 square feet on a 1.37-acre lot, offering a front-row seat to breathtaking Narragansett Bay sunsets. Built in 2012 by Cardello Architects, the estate is a testament to craftsmanship and lifestyle-oriented design, setting a new standard for Portsmouth Real Estate.
A Home Designed for Waterfront Living
From the moment you step inside, walls of glass capture panoramic west-facing water views, seamlessly blending indoor and outdoor living. The soaring two-story great room floods with natural light, while the gourmet kitchen, anchored by a spacious island and top-tier appliances, caters equally to family gatherings and formal entertaining.
The primary suite is nothing short of a sanctuary, boasting a private balcony overlooking the bay, spa-inspired bath, and dual walk-in closets. Each additional bedroom includes an en-suite bath, designed to maximize privacy and comfort for guests. Below, the lower level reveals a media room, wine cellar, office, and fitness space—amenities that define modern luxury.
Listing agent Alexandra Thursby of Mott & Chace Sotheby’s International Realty told Luxury Houses Magazine: “Every square foot of this property was designed to embrace the water. From sunrise yoga on the terraces to sunset cocktails by the infinity pool, it’s a lifestyle as much as a home.”
Market History and Investment Value
The property has experienced a notable trajectory in recent years. First sold in 2008 for $2.4 million, the home underwent meticulous planning before its completion in 2012. More recently, it was listed for $7.9 million in 2022, adjusted to $7.49 million in 2023, and ultimately positioned at its current asking price of $6.59 million in July 2025.
Such a history highlights the estate’s resilience in the face of broader market conditions. As Thursby explained to Luxury Houses Magazine: “The pricing reflects a balance of exclusivity and current demand. Waterfront homes at this level of finish and within a private club setting are exceptionally rare in Rhode Island Real Estate.”
The Aquidneck Club Lifestyle
Beyond the home itself, ownership at 272 Carnegie Harbor Dr provides access to one of New England’s most exclusive private clubs. The Aquidneck Club is home to a Donald Steel–designed championship golf course, a 41-slip marina, an equestrian center, tennis facilities, spa, and fine dining venues. Membership also opens doors to a vibrant social calendar, where neighbors become friends over wine tastings, sailing excursions, and philanthropic galas.
Proximity to Newport ensures cultural enrichment through historic mansions, art galleries, and acclaimed dining, while the nearby Portsmouth Abbey School offers educational prestige. Commuters benefit from access to Boston and Providence, making this location both practical and idyllic.
In the words of Thursby, speaking again to Luxury Houses Magazine: “This estate offers the trifecta—architectural pedigree, world-class amenities, and an unmatched coastal setting. For discerning buyers, it’s a legacy property.”
A Jewel in Portsmouth Real Estate
In a market where scarcity drives value, 272 Carnegie Harbor Dr represents a jewel in Portsmouth Real Estate. It encapsulates the best of Rhode Island Real Estate, combining the exclusivity of gated community living with the freedom of waterfront access. The infinity pool, lush gardens, and multiple terraces create an oasis that feels both private and connected to the vibrant life of Aquidneck Island.
For investors and lifestyle buyers alike, this is an address where luxury is not just defined by square footage, but by the rare opportunity to live within a storied enclave while enjoying a panoramic relationship with the sea.
Discover more about this listing on Zillow or explore details directly with Mott & Chace Sotheby’s International Realty.
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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