Record Condominium Sale at Bancroft-on-the-Bluffs for $3.45 Million

Gustave White Sotheby’s International RealtyNEWPORT, RI – Gustave White Sotheby’s International Realty announced the sale of Unit #6 at 575 Tuckerman Avenue in Middletown, Rhode Island. According to the RI Statewide MLS records, the sale price of $3,450,000 is the highest sale ever at Bancroft-on-the-Bluffs and the highest sale of a condominium in Rhode Island this year. Tina Wiley and Michelle Kirby of Gustave White Sotheby’s International Realty represented the sellers and Paul Leys, broker and co-owner, represented the buyers.

Bancroft-on-the-Bluffs is a former estate designed by William Ralph Emerson in 1895 on Easton's Point and converted to nine luxury condominium units in 2007 with an award-winning historical renovation of the shingle-style architecture. Sited between puddingstone outcroppings, the Olmsted gardens were also restored. Unit 6 offers panoramic ocean views from every room. With four bedrooms and three baths, the 3,400-plus-square-foot residence can be accessed by elevator and includes a spacious turret living room, four fireplaces and oceanside decks. A sustainable geothermal system heats and cools the residence.

575 Tuckerman Avenue Unit 6575 Tuckerman Avenue Unit 6575 Tuckerman Avenue Unit 6

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.