Newport estate sells for $8.5M

A 4.36-ACRE WATERFRONT Newport estate has sold for $8.5 million.
Posted 8/7/12

NEWPORT – A 4.36-acre waterfront Newport estate with view of Jamestown and Narragansett Bay has sold for $8.5 million, Lila Delman Real Estate announced Monday.

The 5,000-square-foot, five-bedroom contemporary house, at 31 Ridge Road, is served by a private drive and located on the shoreline between Fort Adams State Park and Castle Hill Cove.

Built in 1975, the house has four full bathrooms, a waterfront pool and in-law apartment.

The property sold for $550,000 more than the original asking price and was on the market for only six days before going under contract.

“Newport is experiencing an increase in demand for the type of spectacular waterfront property Ridge Road exemplifies.” said Melanie Delman, president of Lila Delman Real Estate, which represented both the buyer and seller in the transaction.

Last month the Clarendon Court mansion on Bellevue Avenue in Newport sold for $13.1 million, the highest sale in Rhode Island this year.

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 early!
  • 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