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This sprawling estate is a throwback to the Gilded Age -- just with all new appliances. Originally built in 1891, the estate was foreclosed on last year and then renovated by one of its lien holders. It was listed last summer for $7.9 million and remains on the market.
There are 7 bedrooms, 7 1/2 bathrooms, a ballroom, music room and a library. Located at the highest point in Newport, there are impressive views of the ocean and -- on a clear day -- Martha's Vineyard, from the rooftop deck. The property also includes 7 acres of manicured lawn and an extra lot with an additional lot available.
For more information: Gustave White Sotheby's International Realty
These foreclosed homes may be in some of America's hardest hit neighborhoods, but the deals may be too good to pass up.
