r.i.’s most expensive home for sale is newport’s seafair at $19m
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Updated July 15 at 9:15am
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REAL ESTATE
R.I.’s most expensive home for sale isNewport’s Seafair at $19M
Posted: Wednesday, June 29, 2016 1:55 pm
BY LORI STABILE (MAILTO:[email protected]) PBN WEB EDITORTWITTER: @LORISTABILE (HTTP://TWITTER.COM/LORISTABILE)
NEWPORT – The most expensive home for sale in the state is the $19 million Seafair at 254 Ocean Ave., a Depressionera mansion withGilded Age roots overlooking the ocean.
AN AERIAL VIEW OF Seafair, the most expensive home on the market in Rhode Island right now at $19 million. The property, which is onOcean Avenue in Newport, is being marketed by Lila Delman Real Estate International.COURTESY LILA DELMAN REAL ESTATE INTERNATIONAL
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19M%2C115411%3FSEARCH_FILTER%3DLILA%2BDELMAN%26SEARCH_FILTER_MODE%3DAND%26SEARCH_RANGE_OPTION%3DENTIRE_SITE%26SUB_TYPE%3DSTORIES%2CPACKAGES)COMMENT Tweet 1,511Follow 0
The 15,851squarefoot property, built in 1936, features 14 bedrooms and 14 full bathrooms, along with a carriage house, pool and tenniscourt. It’s on nine acres and stands out for its unusual elliptical shape.
Seafair is being marketed by Lila Delman Real Estate International in Narragansett. Melanie Delman, president and broker of the agency,described the mansion as “the last of the Gilded Age properties” to be built.
Delman said recently that the property has been on the market for two years, but is generating “extreme interest.” Buyers of luxuryproperties also look at places such as Nantucket, Martha’s Vineyard and the Hamptons to make their purchases, and she said a propertysuch as Seafair stands out for its value and historical significance.
She said it was built by James Mackenzie Jr., an architect that also worked on an improvement project of the Statue of Liberty in the1940s, for Denver mining heir Verner Zevola Reed Jr., who became vice president of Chase Manhattan Bank and ambassador to Moroccounder President Ronald Reagan.
“It’s an oceanfront incomparable location,” Delman said.
In addition, buyers can scoop up a $3 million, 2,518squarefoot threebedroom condominium residence on the property.
The property is currently owned by Richard Bready, the former Nortek Inc. CEO.
KeywordsNewport (/search_mode/keyword/browse.html?search_filter=Newport), Seafair (/search_mode/keyword/browse.html?search_filter= Seafair), RhodeIsland (/search_mode/keyword/browse.html?search_filter= Rhode Island), Providence (/search_mode/keyword/browse.html?search_filter=Providence), Lila Delman Real Estate International (/search_mode/keyword/browse.html?search_filter= Lila Delman Real Estate International),Richard Bready (/search_mode/keyword/browse.html?search_filter= Richard Bready), James Mackenzie Jr. (/search_mode/keyword/browse.html?search_filter= James Mackenzie Jr.)
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