Home in Newport s Historic Hill neighborhood sells for $4 55 million newportri.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newportri.com Daily Mail and Mail on Sunday newspapers.
Newport Life magazine
Newport County’s real estate agents were inundated with phone calls after the quarantine lifted last June. Knee-jerk cancellations from COVID-weary renters, coupled with inquiries from work-from-home city slickers fleeing metro areas, forced agents to quickly pivot into high gear.
As a result, the Newport County rental market soared. The Multiple Listing Service recorded 626 leases here in 2020, versus just 399 in 2019. Of those, 75 were above $5,000 per month, versus 37 above that common summer price range in 2019.
“This won’t stop people from coming. They will have more confidence in 2021,” says Tina Wiley of Gustave White Sotheby’s International Realty. “We were already seeing them look for next summer in December.”
Mansion Global
The house, built in 1860, changed hands for $3.58 million By Liz Lucking |
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Michael Osean for Gustave White Sotheby s International Realty
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Michael Osean for Gustave White Sotheby s International Realty
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Set among some of Newport, Rhode Island’s most lavish and famed summer “cottages” the understated name given to the Golden Age mansions once belonging to wealthy elites, including the Vanderbilts and Astors a lavish estate has just sold for $3.58 million.
Known as Gravel Court, the white-sided manor changed hands on Sunday for the first time in four generations, according to the listing, held by Kate Kirby Greenman and Michelle Kirby of Gustave White Sotheby’s International Realty.
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The details: 4,961 square-foot main house built in 1850; two bedroom guesthouse; subdividable acreage
Old homes are often praised for their character, while new homes are more likely to be seen as “cookie cutter” replicas.
The housing market has been roaring over the past several months of the coronavirus pandemic, so what kinds of homes are optimal for living and working at home through stay-at-home orders and social distancing? It may depend a lot on lifestyle and what kinds of things a buyer is willing to put up with.
Michelle Drum | Gustav White Sotheby’s International Realty
“Certainly, with the historic home, you’ve got lots of charm, you have a lot of character they’re all unique,” Michelle Drum, associate broker at Gustave White Sotheby’s International Realty, told Inman. Drum is a specialist in coastal and historic properties in Newport, Rhode Island, and she herself, along with her husband and dog, live in an 18th-century schoolhouse.