Malbone is one of the oldest privately owned estates in Newport, Rhode Island. Located on Malbone Road, the estate has a history dating to the mid-18th century, but the present main was built in 1848-49. The estate once served as the country residence of Colonel Godfrey Malbone (1695–1768) of Virginia and Connecticut. Colonel Malbone made his fortune as a shipping merchant and slave trader, becoming one of the wealthiest men in Newport during the 1740s through privateering and the triangle trade. Malbone had built what Dr.