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Dave Portnoy slams Rhode Island’s ‘Taylor Swift tax’: “Don’t give Massachusetts any ideas!”

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Dave Portnoy Taylor Swift Tax Rhode Island

Dave Portnoy slams Rhode Island’s ‘Taylor Swift tax’: “Don’t give Massachusetts any ideas!”

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A Newport Estate of Rare Distinction Has Found Its

A Newport Estate of Rare Distinction Has Found Its New Chapter

Tucked behind the gates of Ocean Lawn, where historic estates line the curve of Newport’s storied coastline, 10 Ocean Lawn Lane has officially sold for $7,925,000—marking the highest residential sale in Newport, RI since Sept. 2024, according to data from the Multiple Listing Service.

Originally part of the legendary Firestone estate, this stone-and-shingle masterpiece—built in 2017 by @horanbuilding—represents the best of what modern craftsmanship can achieve when paired with timeless architectural vision.

Represented by Joseph Costa of Mott & Chace Sotheby’s International Realty, the buyers now step into a home that feels more like a legacy.

Set on three acres of manicured grounds, the estate unfolds with effortless grace. Soaring ceilings, sunlit rooms, and open-concept living spaces make it as inviting as it is refined. The heart of the home—a chef’s kitchen with striking Rhino marble countertops and top-of-the-line appliances—opens to a series of living and dining areas made for both quiet mornings and celebratory evenings. French doors lead to a heated pool, hot tub, and a sweeping bluestone patio—perfectly positioned for golden hour.

Inside, 8 bedrooms, multiple fireplaces, a theater, game room, and fitness suite offer comfort, privacy, and room to grow. A main-level primary suite adds everyday convenience to this fully turnkey home—just minutes from Newport’s Cliff Walk, beaches, and downtown charm.

“I’m honored to have represented the buyers in the purchase of this extraordinary Newport estate,” said Costa. “This property offers the perfect blend of classic New England architecture and modern luxury that my clients will treasure.”

The buyers were represented by @joshephcostaluxuryrealestate of @mottandchace

The sellers were represented by Michelle Kirby and Kate Greenman of Gustave White Sotheby’s International Realty.

#NewportRI #rhodeisland #newportbuzz #mottandchace #sold #luxuryrealestate #coastalliving

Barstool Sports founder and noted second-home enth

Barstool Sports founder and noted second-home enthusiast Dave Portnoy is not shaking it off when it comes to Rhode Island’s latest real estate bungle — the so-called “Taylor Swift tax.”

Appearing on Fox Business’ Varney & Co., Portnoy called the proposal “government overreach” and warned it could spook luxury buyers across New England. “We don’t like that tax, Stuart,” he said. “I got houses pretty close to Rhode Island. I don’t want those states getting any ideas.”

The tax — formally called the “non-owner-occupied property tax” but unofficially dubbed the “Taylor Swift tax” because of her $17.75 million mansion in Watch Hill — will charge a $2.50 surcharge per $500 of assessed value on second homes over $1 million. For Swift, that could mean an extra $136,000 a year just to keep her beachfront palace guest-free.

To dodge the tax, homeowners can either live in the house for at least half the year or rent it out. Or, as Portnoy put it, “pay a small fortune for the honor of owning something you barely use.”

While Portnoy doesn’t have property in Rhode Island (yet), his $42 million estate in Nantucket — a state record — might be sweating a little. “Now, I will say, if they name the tax in Massachusetts ‘the Dave Portnoy tax,’ my ego might let that slide,” he joked. “That’s the kind of flex I could live with.”

Portnoy, who owns homes in Montauk, Miami, Saratoga Springs, and Nantucket, says he actually uses his houses — unlike some other celebrity homeowners. “I’m not just collecting properties like NFTs. I’m there. I sit in my chairs.”

Swift hasn’t commented, but we’re guessing if she did, it’d rhyme and hit No. 1 on the Billboard charts.

#taylorswift #daveportnoy #newportbuzz #rhodeisland

Rhode Island is stepping into the spotlight — qu

Rhode Island is stepping into the spotlight — quite literally — with a new partnership that brings its historic charm and coastal elegance to the glossy windows of Saks Fifth Avenue.

On Tuesday, Rhode Island Commerce unveiled a collaboration with the luxury fashion powerhouse to showcase the timeless beauty of Newport and Providence across Saks Fifth Avenue’s flagship in New York and stores in Atlanta, Washington D.C., Chicago, and Los Angeles. Part tourism campaign, part artistic homage, the initiative elevates Rhode Island as both muse and destination.

The famed Fifth Avenue windows in New York now feature vignettes of Newport’s opulent Gilded Age mansions and Providence’s cobblestone charm, conjuring a cinematic escape to the Ocean State for passersby. Imagine ornate balustrades, lush cliffside gardens, and gaslit alleyways recreated with Saks-level artistry.

Inside the stores, from July 1 through July 30, curated Rhode Island-inspired displays will channel the state’s artistic flair and nautical lifestyle. The installations aim to immerse shoppers in the elegant ease of summer on Narragansett Bay — where sailing meets sculpture, and seersucker mingles with high design.

“This collaboration not only highlights our stunning landscapes and rich culture, but it also helps drive tourism,” said Rhode Island Commerce Secretary Liz Tanner, who noted the economic impact of this national exposure.

Running through July 2 in windows and through the end of the month in-store, the Saks partnership serves as a modern love letter to Rhode Island’s enduring allure. Sophistication with a sea breeze — now on display.

Explore the look: saks.com/rhodeisland.

#gildedage #newportri #newportbuzz

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