Lila Delman Real Estate announced today the sale of “The Pink House”, a waterfront estate in Jamestown, for $6,341,500. The property was listed by Lila Delman Real Estate REALTOR® associate Bob Bailey. The relatively rare offering on five acres with views of the Newport Bridge, has only sold four times since it was built in the early twentieth century. Year to date there have been six sales in the state of Rhode Island over $4,000,000; Lila Delman Real Estate has participated in 5 of the top 6 sales, making this the fifth year in a row Lila Delman Real Estate has achieved the highest sale in the state.

“The majority of homes in the $3,000,000 and above range have been on the market for well over a year. ‘The Pink House’ is unique because it sold in less than 130 days; making this not only the 2nd highest sale in the state for 2011 but also one of the quickest sales,” said Melanie Delman, President.

"The Pink House" was built c.1919 as a grand summer cottage. Additional outbuildings include a 4-car garage with chauffer quarters, and a lovely 1-room gardener’s cottage. The waterfront property enjoys an expansive sloping lawn leading to the shoreline of Narragansett Bay, a private beach area and dock. Included in the sale was an adjacent 1.3 acre water view buildable lot. This wonderful property is located just south of the Village of Jamestown with wonderful views of the harbor, Newport, and Narragansett Bay.