Courtesy Of Mitch Varley Of Compass New England, Llc
518 New Castle Ave Portsmouth, NH 03801
518 New Castle Ave Portsmouth, NH 03801 | MLS 5114173 Photo 1
518 New Castle Ave Portsmouth, NH 03801 | MLS 5114173 Photo 2
518 New Castle Ave Portsmouth, NH 03801 | MLS 5114173 Photo 3
518 New Castle Ave Portsmouth, NH 03801 | MLS 5114173 Photo 4
518 New Castle Ave Portsmouth, NH 03801 | MLS 5114173 Photo 5
For more information on this listing, contact us at: (603) 293-7227
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$35,000,000

518 New Castle Ave Portsmouth, NH 03801

Single Family Property Type
6 Beds
7 Full 2 Half Baths
13,451 Sq. Ft.
2001 Year Built
Rockingham County
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There are properties that simply cannot be replicated. Privately sited on 7.7 waterfront acres on Portsmouth's coveted Shapleigh Island, 518 New Castle Avenue is a once-in-a-generation New England estate, an extraordinary convergence of scale, privacy, architecture, and waterfront living just moments from the heart of downtown Portsmouth. With 13,450A‚A± square feet, this magnificent Shingle Style residence was conceived on a grand scale, pairing timeless coastal architecture with exceptional craftsmanship and sophisticated modern living. Georgian-inspired millwork, stately Tuscan columns, intricate wainscoting, and beautifully proportioned interiors create a residence of remarkable presence, while walls of windows capture sweeping water views and an ever-changing maritime landscape. Across 17 rooms, the estate offers 6 bedrooms, 7 full and 2 half baths, and an impressive collection of formal and informal living spaces equally suited for everyday living and grand-scale entertaining. A newly added balcony overlooking the pool creates an elevated vantage point of the estate's sweeping water views. Beyond the home, manicured grounds descend toward the Piscataqua River, where a private deep-water dock provides direct access to Portsmouth Harbor and the open Atlantic beyond. An attached 3-car garage is complemented by a separate 2-car garage with a finished 1-bedroom, 1-bath guest accommodation above, creating a private and flexible retreat for visitors. Nearly 6,000 square feet of unfinished lower-level space offers exceptional flexibility and storage, while a new roof completed in 2025 represents a significant recent improvement. Yet perhaps the estate's greatest luxury is one that cannot be recreated: complete seclusion across 7.7 waterfront acres while remaining connected to downtown Portsmouth and its cultural, culinary, and coastal lifestyle. 518 New Castle Ave is a landmark NH estate and a rare opportunity to steward one of the region's defining legacy properties.
MLS # 5114173
Monthly HOA N/A
On Site 6 Days
Last Updated 10/15/2026

Listing Agent/Office

Agent Mitch Varley
Office Compass New England, LLC
Office Phone 978-248-8081

Contact Agent

Jason E. Starr

Jason E. Starr

(603) 293-7227

Property Details

Community Information

Address 518 New Castle Ave, Portsmouth, NH 03801
County Rockingham
City Portsmouth
Zip Code 03801
Water Body Name Piscataqua River

Architecture

Bedrooms 6
Bathrooms 7 Full / 2 Half
Year Built 2001
Stories 2
Style Colonial
Construction Wood Frame, Shingle Siding, Stone Exterior
Roof Architectural Shingle
Foundation Concrete
Basement Interior Stairs, Partially Finished
Garage Capacity 5

Features / Amenities

Interior Features Cathedral Ceiling, Gas Fireplace, Wood Fireplace, 3+ Fireplaces, Hot Tub, Kitchen Island, Sauna
Equipment Irrigation System, Security System, Sprinkler System
Exterior Features Boat Slip/Dock, Balcony, Hot Tub, Outbuilding, Patio, In-Ground Pool
Parking Auto Open, Direct Entry, Heated Garage, Driveway, Parking Spaces 1 - 10, Paved, Attached, Detached
Cooling Central AC, Multi Zone
Heating Propane, Hot Air, Multi Zone, Radiant
Total Rooms 17

Square Footage Finished Sq. Ft.

Above Grade 12940
Below Grade 511
Total 13451

Square Footage Unfinished Sq. Ft.

Below Grade 5488
Total 5488

Property Features

Lot Size 7.7 Acres
Lot Description Landscaped, Level, Island, Near Country Club, Near Golf Course, Near Shopping, Neighborhood, Near Hospital, Near School(s)
Lot 03
Water Body River
Water Body Name Piscataqua River
Water Body Access Yes
Water Access Details Deep Water Access, Dock Access
Waterfront Rights Exclusively Owned
Utilities Underground Utilities
Water Private
Sewer Public
Electric Circuit Breaker(s), Generator
Driveway Circular, Paved
Road Frontage Type Public
Zoning SRA
Directions Use GPS

Tax and Financial Info

Tax Annual Amount $162,922
Tax Year 2025
Tax Rate 11.51

Rooms

SizeLevel
Primary Bedroom2
Kitchen1
Dining Room1
Great Room1
Living Room1
Family Room1
Sunroom1
Library1
Greenhouse Room1
Mudroom1
Breakfast Nook1
Wine CellarBasement
Other2Home Gym & Sauna
Bedroom with Bath2
Bedroom with Bath2
Bedroom with Bath2
Bedroom with Bath2
Laundry Room2
Other2
Bathroom Full2
Bathroom Full1
Bedroom with Bath1Inlaw suite

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Data last updated October 19, 2026.