News: Rhode Island

Wright of Lila Delman Compass sells stone harbour condo for $2.7 million

Bristol, RI Lila Delman Compass has completed the sale of 345 Thames St., Unit 409N in Stone Harbour complex for $2.7 million. Alyce Wright, sales associate of Lila Delman Compass’ Newport Office, represented the seller and facilitated for the buyer in this transaction.

According to data maintained by the Rhode Island Statewide MLS, this transaction represents the highest price ever per s/f in the Stone Harbour condo complex. This record breaks the earlier highest sale price per s/f record Wright set earlier this year with another Stone Harbour sale.

This condo offers unobstructed water views over Narragansett Bay, extending all the way to the Newport Bridge. Renovated by luxury builder Dave Butera, this residence boasts a nautical-inspired design, featuring a barreled paneled ceiling entry, coffered ceilings in the open floor plan living room, dining area, and kitchen.

"The stunning water views from the prime southwest corner of the building combined with the exquisite millwork and multitude of upgrades,” said Wright, “make this a truly extraordinary waterfront condo residence”.

With the closing of this most recent sale, Wright has assisted 43 Buyers and Sellers in the Stone Harbour complex. Since 2023, Wright has participated in 5 of the 6 sales at Stone Harbour.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary