Sale of Indian Avenue Estate
Posted by Lisa Babbitt — January 27, 2012
NEWPORT COUNTY, RI (January 17, 2012) – Gustave White Sotheby’s International Realty today announced the sale of a custom waterfront estate at 675 Indian Avenue in Middletown, Rhode Island for $2,850,000. The transaction represents the first sale of the year over a million dollars on Aquidneck Island, and the highest sale thus far in the state.
The stunning 7,300+ sq. ft. shingle style occupies almost 3 ½ acres of professionally landscaped waterfront property along Newport County’s Sakonnet Passage. The private seven bedroom, 7 ½ bath residence boasts wide-angle views across the Sakonnet to Little Compton and beyond. The offering also included a waterside guest cottage and in-ground pool.
“Over the past 12 months, Newport, RI real estate has seen 26 sales over a million dollars,” commented co-owner Paul Leys. “The sale of this Indian Avenue property in the dead of winter provides strong evidence that the luxury market, at least in resort locations such as Newport, RI, is still very active.”
About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and water view real estate and serving all of Rhode Island as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 78 years as a leader in the luxury market, is the sole Sotheby’s affiliate for Rhode Island, and 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 email@example.com for more information.