SOUTH KINGSTOWN, RI – April 14, 2020 – Lila Delman Real Estate remains encouraged by continued market activity with the sale of 18 East Pointe Court in South Kingstown for $1,225,000. Gregory Arakelian, Lila Delman Commercial Director and Sales Associate, represented the seller and facilitated for the buyer.
According to data maintained by the Rhode Island Statewide MLS, this transaction marks South Kingstown’s highest condo sale ever. The sale of 18 East Pointe Court also marks the highest sale ever within the Pointe Beach Houses development.*
“Properties located in Southern Rhode Island, where pleasant aspects of coastal country life can be enjoyed, continue to be a rewarding investment,” commented Gregory Arakelian. “Illustrated by this sale and the current climate, where stocks fall short, a tangible asset pays dividends in quality of life.”
Located within the Pointe Beach House Community, sited between East Matunuck Beach and Matunuck Oyster Bar, Residence 18 is the one of the premier units within the desirable coastal development. The freestanding condo unit sits at the apex of the development’s Southern most peninsula, yielding the most breathtaking sunrises, sunsets and 180-degree unobstructed panorama of the Atlantic Ocean. Measuring 1,750 square feet, the home features two bedrooms, two bathrooms, a pneumatic two-person elevator and substantial outdoor entertaining space.
*This representation is based on information from the Rhode Island State Wide MLS for the period of January 1, 1993 – April 14, 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.