NEWPORT, RI – Gustave White Sotheby’s International Realty announced the sale of 561 Indian Avenue in Middletown, RI. The waterfront property on nearly an acre sold for $2,969,950. The seller was represented by Tina Wiley of Gustave White Sotheby’s International Realty. Leslie Hogan of Hogan Associates represented the buyer. Located in one of Aquidneck Island’s most coveted areas, the sprawling 5,572-square-foot residence was originally built in 1860 and completely renovated in 2004.
The property features two kitchens, four bedrooms and five-and-a-half baths, high ceilings, large rooms, walls of windows, a covered porch and stone patio overlooking the Sakonnet Passage.
This represents one of nine sales over $2 million in Middletown this year, as well as the third highest sale of a waterfront property and one of four sold for over $2.5 million.
Paul Leys, broker/co-owner of Gustave White Sotheby’s International Realty stated, "We are pleased with the sale of this special highend property on Indian Avenue. During the same period last year, there were only two residences sold in Middletown over $2 million.”
About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 80 years as a leader in the luxury market and became Sotheby’s first affiliate in 1976. Gustave White is also the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848-6706 or at pleys@gustavewhite.com for more information.
About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational, and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.