NEWPORT, RI – Gustave White Sotheby’s International Realty announced the sale of 357 Gibbs Avenue in Newport, Rhode Island. An impressive Colonial-style in the Kay/Catherine neighborhood, the property sold for $2,500,000. The sellers were represented by Rebecca King of Gustave White Sotheby’s International Realty. Alex Thursby of Lila Delman Real Estate represented the buyers.
Having just undergone an extensive renovation, the main residence was designed with custom finishes. A loft apartment above the garage overlooks a bluestone patio, heated pool and gardens on the 2/3-acre grounds.
The sale of this property is the highest sale in the Kay/Catherine area this year to date. It is one of nine in the $2–3 million range which have sold recently or is currently pending on Aquidneck Island. Paul Leys, Co-Owner of Gustave White Sotheby's International Realty, stated, “Gustave White Sotheby's International Realty is pleased to have represented either the sellers and/or buyers in four of the sales on the island in this price range so far this 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 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.