Gustave White Secures Record Breaking Land Sale for $2.75 Million

Posted by Lisa Babbitt — August 2, 2012

1343932882Gustave White Sotheby’s International Realty announced the sale of 4+ oceanfront acres at 506 Ocean Road in Narragansett, Rhode Island, for $2,750,000. The property was listed by Jose Aguon, a Sales Associate with the company since 2004. According to Statewide MLS, this is the second highest sale in Narragansett this year and the highest land sale on record.

“This sale is yet another indication of the improving health of the Rhode Island real estate market, and of the waterfront market in general,” commented Paul Leys, Co-owner of the firm.  This was a first time offering of the Ocean Road parcel, located on the site of the former Isaac E. Emerson estate.

1343933034Gustave White Sotheby’s International Realty

Gustave White Sotheby’s International Realty is a full-service agency specializing in luxury 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 pleys@gustavewhite.com for more information.

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