$1,500,000

About this home

Exceptional opportunity to acquire a fully furnished, turnkey short-term rental with a proven track record of success in the heart of Middletown and a fully transferable short-term rental zoning certificate. Generating approximately $347,000 in annual gross rental income, this property offers investors and second-home buyers a rare combination of strong cash flow and coastal lifestyle. Thoughtfully designed to accommodate large groups, this spacious 5-bedroom, 3-bath home spans three levels of living and entertainment space. The main level features an inviting living room, well-appointed kitchen, primary suite, an additional bedroom, and full bath. Upstairs offers three additional bedrooms, a full bath, and laundry area. The lower level is dedicated to entertainment, featuring a game room complete with pool table, foosball, shuffleboard, arcade games, bar area, and private theater room. Outside, guests enjoy a backyard retreat with a hot tub, fire pit, and outdoor seating areas. Ideally located minutes from Middletown's beaches, downtown Newport, shopping, dining, and area attractions, this highly sought-after vacation rental is being offered fully furnished and ready for its next owner to continue generating income from day one. Whether you're seeking a high-performing investment property, a 1031 exchange opportunity, or a coastal getaway with exceptional earning potential, 20 Samson Lane delivers. Financial information and rental history available upon request.

Property facts

Property type

Single Family Residence

Style

Colonial

Year built

1992

Living area (sq ft)

3,112

Above-grade finished (sq ft)

2,112

Below-grade finished (sq ft)

1,000

Lot size (acres)

0.47

Total rooms

9

Stories

2

Garage spaces

2

Total parking

6

Annual taxes

$7,933

Tax year

2025

County

Newport

Features

Heating

Electric, Natural Gas, Forced Water, Heat Pump

Cooling

Ductless

Basement

Full, Interior and Exterior, Partially Finished, Living Room, Media Room, Utility

Appliances

Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Electric Water Heater

Interior

Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)

Fireplace

None

Parking

Attached, Garage Door Opener

Construction

Dry Wall, Shingles, Vinyl Siding, Wood

Utilities

Sewer Connected, Water Connected

Community

Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Exterior

Deck

Lot

Paved Driveway, Underground Utilities

Location