NEWPORT, RI – Gustave White Sotheby’s International Realty is pleased to announce the sale of “Honeysuckle Lodge” at 225 Ruggles Avenue in Newport, Rhode Island. This oceanfront estate overlooking the Cliff Walk sold for $9,391,635. The seller was represented by Paul Leys of Gustave White Sotheby’s International Realty. Kimberly Doherty of Lila Delman Compass represented the buyer.
An exquisite c1886 design by the renowned architectural firm Peabody & Stearns, the 10,530-square-foot residence is sited on over two acres of Olmsted grounds with sweeping lawns and access to the water. It has been impeccably maintained over the years with many recent upgrades including a new kitchen and pool. A separate 4,000-square-foot carriage house with two apartments, greenhouse and garage complete the gated compound.
This sale represents the highest sale price of a residential property in Newport County this year and the third highest in Rhode Island. Paul Leys, listing broker and co-owner of Gustave White Sotheby’s International Realty stated, "Honeysuckle Lodge is an exemplary Newport estate. The original Peabody & Stearns design holds through to today's buyers, displaying superb detailing while allowing for a comfortable lifestyle. I’m so happy to have represented the sellers for this luxury home transaction, the highest sale occurring in Newport County since we represented the sellers on the sale of a four-plus-acre property on Indian Avenue last August.”
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 with the venerable Sotheby’s auction house, established in 1744.