Gustave White Sotheby’s International Realty Announces Sale of Avenue Waterfront

Gustave White Sotheby's International RealtyPORTSMOUTH, RI – Gustave White Sotheby’s International Realty announced the sale today of 391 Indian Avenue in Portsmouth, Rhode Island. The property sold for $3,800,000 and was represented by Ann Conner and Tina Wiley of Gustave White Sotheby’s International Realty. Peter Rotelli of Philip Ray Real Estate represented the buyer.

Sited on three acres overlooking the Sakonnet, the 4,623-square-foot residence offers privacy along the river's coastline with beautiful outcroppings, lush landscaping and direct access to the water. The views look south and east to Little Compton and stretch to the Atlantic. The three-bedroom, four-and-a-half-bath residence offers primarily one-level living and includes a geothermal heating system, whole-house generator and an acoustically designed music room.391 Indian Avenue 391 Indian Avenue 391 Indian Avenue The sale of this property is the highest residential sale in Portsmouth and sixth highest on Aquidneck Island this year, according to Rhode Island Statewide MLS. Co-owner Paul Leys stated, “In the same period last year, there were no residential sales in Portsmouth over three million. Gustave White Sotheby's International Realty is also pleased to have represented the sellers in six of the eight top Aquidneck Island sales 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.