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LUXURY HOUSING MARKET IN RHODE ISLAND HEATS UP

The demand for luxury waterfront property continues in Rhode Island as a stunning waterfront residence located at 320 East Shore Road in Jamestown sells for $4,500,000, marking the second highest price for a waterfront home in Jamestown year-to-date, according to data from the Rhode Island Statewide MLS.* Cynthia Moretti, Broker Associate at Lila Delman Real Estate International, represented the seller.

“It has been very exciting to experience the increased activity in the luxury market and the renewed confidence of high-end buyers investing in our beautiful coastal properties,” commented Cynthia.

“Firstlight Cottage” is truly exceptional, sited on 3.42 acres with sweeping water views of the East Passage of Narragansett Bay and 150 feet of beach frontage. Measuring 6,500 square feet across three levels, the house has five bedrooms, five and one-half baths, two full kitchens, a one-bedroom guest residence, a pool and a mooring.

On April 13th, Lila Delman Real Estate International sold 1088 East Shore Road for $5.75 million, marking the highest single family home sale in Jamestown since June 2013 and the second-highest single family home sale in Rhode Island year-to-date, according to data from the Rhode Island Statewide MLS.* Lila Delman Real Estate International was both the listing and selling company in that transaction.