NEWPORT, RI – August 22, 2024 – Lila Delman Compass and Vanderbilt International Properties are pleased to announce the sale of ‘The Orchard’ (180 Narragansett Avenue) in Newport for $10,800,000. Kara Malkovich, of Lila Delman Compass’ Newport office, represented the Buyer in this transaction and Stacie Mills and Mary Waddington of Vanderbilt International Properties represented the Seller. According to data maintained by the Rhode Island Statewide MLS, this transaction marks the highest sale in Rhode Island, YTD.*
‘The Orchard’ is a historic home along the Cliff Walk of Newport, offering 14 bedrooms, 13 full and 4 half baths and over 20,000 square feet of living space. Built in 1873, the mansion, carriage house and gardens were thoughtfully restored in 2019. The property includes the finest craftsmanship throughout including dentil molding, handsome paneling, marble floors, handcrafted mahogany doors, Baccarat crystal chandeliers, and marble fireplaces, and most are original to the mansion. Built of yellow Milwaukee brick and Ohio limestone, this exquisite home sits on 4.75 acres of stunning gardens and has been a landmark in Newport.
“It’s one of the greatest honors of my career to help broker the sale of The Orchard, one of Newport’s great legacy estates. My connection to the property dates back to one of its early owners – Mrs. Elizabeth (Mrs. Harvey S., Jr. “Betty”) Firestone, an elegant woman and wonderful hostess, who was a dear friend of my late father, a connoisseur and generous patron of the arts,” Kara recalls. “As a young child, I remember visiting the grounds of The Orchard before accompanying him for lunch with Mrs. Firestone, at her abutting main home. To me, selling real estate is more than just numbers, it’s about serving my clients new and old. I thrive on making connections and building deep relationships. It is especially meaningful to continue these bonds through the generations.”
Lila Delman Compass has participated in the top 3 sales in Newport County this year and is currently the #1 Luxury Brokerage in the town of Newport.*
ABOUT LILA DELMAN COMPASS:
In 2021, Rhode Island’s first name in luxury real estate, Lila Delman, proudly joined Compass, the Nation’s #1 real estate brokerage.**Today, Lila’s Legacy lives on with great strength, backed by the power of Compass. With the re-branding of Randall Realtors to Compass in November 2023, Compass now owns and operates 11 offices across the state, including Lila Delman Compass and Compass.
Lila Delman Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. *Sale rankings and closing price information is based on information from the Rhode Island Statewide MLS for all sales for the period of January 1, 2024 – August 22, 2024. Luxury ranking based on sales volume of real estate transactions closed over $1M. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. **As of 2023, closed sales volume. Source: RealTrends 3/9/24.