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GUSTAVE J.S. WHITE REAL ESTATE CO.
BUILT IN 1855, Quatrel, shown above, was designed by Thomas Alexander Tefft. It was once owned by Newport Jazz Festival co-founders Louis and Elaine Lorillard.
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NEWPORT – A historic 19th-century home in the city has sold for $1.5 million, one-third less than the listed price of $2.2 million.
The “summer cottage” at 73 Bellevue Ave., known as Quatrel, includes a 13-room, six-bedroom main house with 9,500 square feet of living space and a detached two-car garage with an apartment, according to Gustave J.S. White Real Estate Co., an affiliate of Sotheby’s International Realty Inc., which reported the sale Tuesday. The buyer was not identified.
“We are always delighted to broker part of Newport’s wonderful past while introducing new owners who will enhance Newport’s future,” Paul A. Leys, the firm’s co-owner, said in a statement. “This sale is a strong indication that the high-end market is alive and well in coastal Rhode Island.”
Quatrel, which used to be known as Fairbourne, was designed by Thomas Alexander Tefft in the Italian villa style and built in 1855. Tefft was an associate of Horatio Greenough and was influential in the establishment of Newport as a summer resort in the years prior to the Civil War, according to Gustave White.
Fairbourne was built for Earl P. Mason, who was in the wholesale drug business and later the president of the Rhode Island National Bank. Later owners included Louis and Elaine Lorillard, who co-founded the Newport Jazz Festival.