NEWPORT, RI – Gustave White Sotheby’s International Realty announced the sale of ‘Quatrel,’ formerly known as 'Fairbourne,' at 673 Bellevue Avenue in Newport, Rhode Island. Built in 1853, the property sold for $5,995,000. The sellers were represented by Kate Kirby Greenman of Gustave White Sotheby’s International Realty. Edith Cushing of RE/MAX Professionals represented the buyers.
The estate’s storied past includes a complete renovation in 1903 by renowned architect Dudley Newton and designer Ogden Codman Jr. to enlarge and remodel the house in the Classical Revival style. In 1949, Louis and Elaine Lorillard, founders of the Newport Jazz Festival, bought the property and renamed it ‘Quatrel’ to reflect the four L’s in their names. Only the sixth family to own the property, the sellers undertook a massive restoration project in 2009, leaving no stone unturned to restore the home to its Gilded Age glory, winning the prestigious Doris Duke Historic Preservation Award.
The sale of this historic property is the fifth highest sale in Newport this year. Paul Leys, co-owner of Gustave White Sotheby's International Realty, stated “Gustave White Sotheby's International Realty is pleased to have represented the sellers or buyers in five of the seven sales in Newport for over $5 million this year. In the same period in 2019, there were only two sales in this price range.”
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 email@example.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.