Courtesy Of Mitch Varley Of Compass New England, Llc
518 New Castle Ave
Portsmouth, NH 03801
For more information on this listing, contact us at: (603) 293-7227
Active
$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
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
Compass New England, LLC Office Phone 978-248-8081
Contact Agent
Jason E. Starr
(603) 293-7227Property 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
| Size | Level | |
| Primary Bedroom | 2 | |
| Kitchen | 1 | |
| Dining Room | 1 | |
| Great Room | 1 | |
| Living Room | 1 | |
| Family Room | 1 | |
| Sunroom | 1 | |
| Library | 1 | |
| Greenhouse Room | 1 | |
| Mudroom | 1 | |
| Breakfast Nook | 1 | |
| Wine Cellar | Basement | |
| Other | 2 | Home Gym & Sauna |
| Bedroom with Bath | 2 | |
| Bedroom with Bath | 2 | |
| Bedroom with Bath | 2 | |
| Bedroom with Bath | 2 | |
| Laundry Room | 2 | |
| Other | 2 | |
| Bathroom Full | 2 | |
| Bathroom Full | 1 | |
| Bedroom with Bath | 1 | Inlaw suite |
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Data last updated October 19, 2026.
