NEWPORT, RI – Gustave White Sotheby’s International Realty announced the sale of ‘Ker Arvor,’ at 275 Harrison Avenue in Newport, Rhode Island. The property sold for $7,300,000. The buyers were represented by Kate Kirby Greenman and Michelle Kirby of Gustave White Sotheby’s International Realty. Kate Leonard and Kendra Toppa of Lila Delman Real Estate represented the sellers.
An exceptional property in pristine, museum-quality condition set on over nine acres off Ocean Drive, the estate was named by the original owner, Snowden Andrews Fahnestock, for an Allied Forces rest camp in France where his regiment was quartered during World War I. The property is a u-shaped Louis XV Revival House modeled after La Lanterne, Versailles and was built from 1931-1933 as a summer home by renowned architects Clinton & Russell of New York.
Restored by the present owner, highlights include re-created hand-painted Chinese wall coverings and imported hardware and eighteenth-century flooring. It also has modern amenities, such as central air, an elevator, three-car attached garage and pool house with a kitchen and changing rooms. The east wing serves as a guest suite/staff quarter. The property is listed on the National Register of Historic Places.
The sale of this historic property is this year’s fourth highest in Newport. Paul Leys, co-owner of Gustave White Sotheby's International Realty, stated, “According to the RI MLS, there have been 14 sales in Newport over $3 million this year. There were only four sales in this price range in 2019. Newport County, as a whole, had 35 sales over $3 million this year, as opposed to only twelve last year.”
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 firstname.lastname@example.org 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