A newly constructed home in the tony seaside town of Narragansett, Rhode Island, will be listed on Thursday for $18.188 million, Mansion Global has learned.

Narragansett, along with its better-known neighbor Newport, is a popular summer resort that had its heyday in the 19th century, when many of the country’s wealthy families owned homes in the area. This modern mansion sits on nearly two acres of land that used to be part of the famous Whitehall Estate belonging to Isaac Edward Emerson, inventor of the antacid Bromo-Seltzer, owner David Reiser told Mansion Global.

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Mr. Reiser, a financial advisor, and his wife, Andrea, a happiness coach, purchased the property in 2015. They tore down the existing house, he said, and just completed the finishing touches this year on the new estate, called "Sea Grace." According to data from Realtor.com, it is currently the most expensive property listed on the Rhode Island market.

With more than 11,000 square feet of space, the house has five bedrooms, seven full bathrooms and two partial bathrooms. Although it was built in a Beaux-Arts style typical of the area, it features modern amenities such as geothermal heating and cooling, a home automation system and a "living art" wall with a programmable LED screen.

Mr. Reiser said the house was built in a way that the ocean can be seen from every room. "This is probably one of the most magnificent views on the eastern seaboard," he said. The back terrace, which has an infinity-edge pool, also looks out onto the sea.

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The house, whichwill belisted by Mott & Chace Sotheby's International Realty, was also built to weather the storms that pass through every so often. It sits on one of the highest points in Narragansett at 35 feet above sea level, and the structure was built with steel. "This thing could withstand 130, 140 mph winds," Mr. Reiser said.

The Narragansett Bay area has lured prominent figures to its shores like Jay Leno and Larry Ellison, who currently own homes there.