Another grand old home in Newport, Rhode Island has hit the market. Braden Keil's Gimme Shelter column in the NY Post alerted me to the fact that Hopedene, a grand home on Newport's famous Cliff Walk is for sale. Hopedene was built in 1889 and is called Peabody and Stearns's most monumental Colonial Revival residence. The home is on six acres and is approached via a private lane to gilt and wrought iron gates, The property includes a main house, a large carriage house with guest quarters, an ocean facing pool and spa, tennis court, gated service entrance, and an FAA approved heliport.

The home itself has gorgeous details including a marble vestibule with a mosaic floor and Italian Renaissance style center hall and a beautiful wood-paneled library. The semi circular ballroom is currently used as a dining room. The home includes remnants of a grander age such as a butler hall, parlor, and cooks and butler's pantries, kitchen library and a flower room. The upper floors are given over to bathrooms and bedrooms, many of which with marble fireplaces. The carriage house includes a game room with a bar, a full bath, a nautical library and French doors opening to bluestone terraces and the pool, and a heated garage. On the second level there are five bedrooms a full kitchen and laundry and bathrooms.

The NY Post reports that the owners are Palm Beach socialites Craig Millard (the retired chairman of Prudential Preferred Properties) and his wife, Michele. This home is listed at $22.5 million.

UPDATE: This home is now listed at $19.5 million.