MIDDLETOWN, RI – December 7, 2020 – Lila Delman Real Estate announces the recent sale of “Indian Reef”, 743 Indian Avenue, for $2,700,000. Alex Thursby, top producing Lila Delman Sales Associate, represented the Sellers and facilitated for the Buyers.
According to data maintained by the Rhode Island Statewide MLS, this transaction marks one of the top ten residential sales in Middletown year-to-date. This year, Middletown has seen eleven properties trade for over $2,000,000. Lila Delman has participated in five of these top sales, which is the most any firm has participated in.*
Specific to Indian Avenue, Middletown has seen seven properties trade on the coveted street. Lila Delman has participated in four of these seven sales, which is more than any other firm.*
“With continually increasing demand for waterfront estates in Rhode Island, we positioned this property to take advantage of the strong market activity in the luxury sector,” commented Alex Thursby. “I am excited for the new home Horan Building Company will construct on this exceptional waterfront site. The finished product will not be an offering to miss!”
With 214 feet of water frontage across 2.4 estate-like acres of land, the possibilities are endless at “Indian Reef”. The existing home is a sprawling Cape Cod style residence that enjoys breathtaking views of Little Compton’s farmland, the Sakonnet River and the Atlantic Ocean. Existing stairs down to gradually sloping rocks allow for a daily swim from this magical property.
*This representation is based on information from the Rhode Island State Wide MLS for the period of January 1, 2020 – December 7, 2020. 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.