Summergate Development LLC acquires 1020 Bailey Road, Newport, appraised at $2.18 million

The home at 1020 Bailey Road, Newport, Washington County, was sold on May 29 by Brian and Tara Daly for $2.18 million.

Summergate Development LLC was listed as the buyer.

Property taxes on the home totaled $15,967 in 2025, or 0.7% of the sale price.

This property is one of six sales in Newport, Washington County, between April 29 and May 29.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.