Gustave White Sotheby’s International Realty Closes Highest Sale in Rhode Island YTD for $4,550,000

Posted by Lisa Babbitt — February 3, 2015

1422992229NEWPORT, RI - Gustave White Sotheby’s International Realty announced the sale of 325B Ocean Avenue in Newport, Rhode Island. The property, overlooking the Atlantic, sold for $4,550,000, making it the highest sale in the state for the year thus far. Chris West, co-owner of Gustave White Sotheby’s International Realty represented the seller, and Lila Delman Real Estate represented the buyer. “This is an exceptional property with one-of-a-kind features inside and spectacular ocean views outside,” Ms. West noted.

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The property is sited on 3.67 acres, a companion to “Wrentham House” along the rocky coastline of Newport’s famed Ocean Drive. The estate was originally designed by Richard Morris Hunt with landscaping by Frederick Law Olmstead. In 2009 the owners restored and converted the stone carriage house into an awarding-winning contemporary living space while maintaining the historic integrity of the building. Large sliding doors divide the interior’s entertaining and informal spaces. A second floor retreat, with abundant windows and balcony, contains a spiral staircase to the building’s cupola for a 360-degree view. A master suite with a second balcony, a geo-thermal heating system, outdoor living spaces, and landscaped grounds complete the transformation of this seaside property into a comfortable modern home.

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Paul Leys, co-owner/broker of Gustave White Sotheby’s International Realty remarked, “The sale of this unique property reflects the continuing draw of Rhode Island coastal properties and southern New England lifestyle.”

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.

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