Lila Delman Real Estate Sells Narragansett Property at a Historic Price

Posted by Jeni Pardo de Zela — November 16, 2010

1289925556The property at 580 Ocean Road in Narragansett sold on November 15, 2010 for $6,400,000; the highest sale in Narragansett history. Lila Delman Real Estate was both the listing and selling company. Principal Broker John Hodnett represented the seller; Realtor® Rosemary Simpson represented the buyer. Additionally, Lila Delman Real Estate has sold two of the three highest sales ever in Narragansett during 2010. “We are starting to see some confidence in the luxury segment as evidenced by these transactions in Narragansett and the sales we are conducting in additional luxury markets during the 2010 calendar year”, said John Hodnett, Principal Broker of Lila Delman Real Estate.

The property on Ocean Road is sited on the former location of the main house of the Dunmere Estate, which was originally built in the 1880’s for Robert Graham Dun of Dun and Bradstreet and considered the premier showplace property for Narragansett’s Victorian era summer crowd. This sprawling contemporary sits 35 feet above crashing waves on almost six oceanfront acres.

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