NARRAGANSETT, RI – April 15, 2019 – Lila Delman Real Estate continues its history of excellence with the sale of Narragansett’s famed ‘Stone Lea’, 40 Newton Avenue, for $4,500,000. This transaction marks the highest sale in Narragansett since August 2018, according to data maintained by the Rhode Island Statewide MLS.* John Hodnett, President/Broker-Owner of Lila Delman, represented the seller.
Lila Delman has participated in eight out of the top ten sales in Narragansett’s history. No other brokerage has participated in more than one of these record sales.*
“It takes a true level of expertise, dedication and tenacity to successfully market and sell historic, luxury properties,” commented John Hodnett. “I’m thrilled to have shown yet another set of valued clients what we do best here at Lila Delman Real Estate.”
Majestically perched on 2.5 oceanfront acres, ‘Stone Lea’ is a treasured, granite and shingle Victorian designed by noted architectural firm McKim, Mead & White. Built in 1884, the home measures 8,882 square feet with five bedrooms and seven and one half bathrooms. Noteworthy features include a formal entrance hall, grand piano staircase and an oceanside great room leading to a covered stone patio.
*This representation is based on information from the Rhode Island State Wide MLS for the period of January 01, 1993 – April 15th, 2019. 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.