QUONOCHONTAUG, RI – June 26, 2020 – Lila Delman Real Estate remains encouraged by continued market activity with the sale of 5 Oceanview Avenue in Charlestown’s Central Beach for $2,000,000. Lori Joyal, Associate Broker and Sales Manager of Lila Delman’s Watch Hill Office, represented the seller and facilitated for the buyer.

In 2020, two properties in Charlestown have traded for $2,000,000. Lori Joyal has been involved in both transactions, which tie for the top sales in the municipality year-to-date.*

“Real estate in coastal Rhode Island continues to be a sound investment for those looking to diversify their portfolios in the wake of COVID-19,” commented Lori Joyal. “The value of properties with water amenities in Rhode Island, compared to those of other Northeast vacation communities, is truly undeniable.”

Sited on one of the highest elevations in Quonochotaug, this shingled cottage is set in one of the most desirable areas of Central Beach. The existing home measures 2,105 square-feet, featuring three bedrooms and two bathrooms. Central Beach offers private beach access, Quonochontaug Pond access, tennis courts, and a wonderful sense of community.

*This representation is based on information from the Rhode Island State Wide MLS for the period of January 1, 2020 – June 26, 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.