One of the last waterfront lots on Middletown’s Indian Avenue was recorded on August 24th with a sale price of $3.6 million dollars, a record for residential land in Newport County, and one of the highest price per acre in Rhode Island’s history. This significant sale of 3.6 waterfront acres is representative of an upturn in real estate market confidence, according to Realtor Michelle Kirby of Gustave White Sotheby’s International Realty, one of the listing agents for the property.
Co-listing agent Kate Greenman, notes the unique attributes of the offering - spectacular acreage with breathtaking unobstructed views of the Atlantic Ocean and Sachuest Point, as well as the Sakonnet Lighthouse, Gull Rock, and the dramatic reefs at the mouth of the Sakonnet Bay. It presents a once in a lifetime opportunity to build on one of the finest locations in Newport County. The 3.6 acre parcel, once part of the “Hopelands” estate, abuts the original iconic, historic Normandy style manor house. The estate house set on 4.1 acres of waterfront property is currently listed for $4,975,000 by Gustave White Sotheby’s International Realty. Click here for listing information: HOPELANDS
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