Rhode Island (November 8, 2013) - Gustave White Sotheby’s International Realty announced the sale of 520 Ocean Road in Narragansett, Rhode Island. The property, sited on Narragansett’s historic â€˜Gold Coast,’ sold for $3,300,000 and was on the market for only 29 days. This reflects the second highest price for a residential property in Narragansett this year to date. Sales associates Jay Serzan and Jose Aguon of Gustave White Sotheby’s International Realty represented the seller, and Tim Haxton of Re/MAX Flagship represented the buyer. Mr. Serzan noted, “This is an exceptional and rarely available property with almost 300 feet of ocean frontage offering wide-angle views and sweeping lawns.”
The property is sited on 4.4 acres along the rock-bound coastline of Rhode Island’s Block Island Sound in the Bass Rock Farm Estates, a private community. The property was originally part of the Isaac E. Emerson Estate known as “Whitehall.” Mr. Emerson was the inventor of the heartburn remedy Bromo-Seltzer. “Whitehall” was purchased by the Rotelli Family of Providence in 1948. The original house was demolished in 1971, and the property subdivided in the 1980s.
Paul Leys, co-owner/broker of Gustave White Sotheby’s International Realty said, “The sale of this property in just over a month and within 5% of the listing price reflects the continuing draw of Rhode Island coastal properties and a southern New England lifestyle.”
About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 80 years as a leader in the luxury market and became Sotheby’s first affiliate in 1976. Gustave White is also the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848-6706 or at [email protected] for more information (http://www.gustavewhite.com/).
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