Hopedene mansion sells for record $16M

THE HOPEDENE MANSION at 42 Cliff Ave. sold for $16 million, the highest purchase price of a Rhode Island home this year.
Posted 12/19/12

NEWPORT – The 15-bedroom “Cliff Walk” mansion known as “Hopedene” has sold for $16 million, the highest purchase price of a Rhode Island home this year and second highest ever, Gustave White Sotheby’s International Real Estate announced Wednesday.

The 6-acre estate at 43 Cliff Ave. was sold by Craig and Michelle Millard to a buyer who wished to be known only as Hopedene LLC, according to a news release. The Millards had performed an extensive renovation of the property.

A Georgian revival designed by Peabody & Stearns and built between 1899 and 1902, the 12.5-bathroom mansion comes with a large carriage house, balustrade-bordered terraces, tennis court, ocean-facing pool, gated service entrance and Federal Aviation Administration-approved heliport.

The seller’s agent was David Huberman, sales associate with Gustave White Sotheby’s and the buyer was represented by Paul Leys, broker-owner of Gustave White Sotheby’s.

The asking price for Hopedene was $18 million.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News