NEWPORT, RI – October 2, 2020 – Lila Delman Real Estate maintains leadership of Newport’s luxury market with the sale of ‘Pen Craig Cottage’, 100 Harrison Avenue, for $2,850,000. Kristin Parella, Lila Delman Sales Associate and Christie’s Luxury Specialist, represented the seller in this transaction.
Year-to-date, Newport has seen 20 residential properties trade for over $2,000,000, compared to only 14 properties in 2019.*
Lila Delman is proud to maintain the highest market share of sold property over $1,000,000 in both Newport County and Statewide. 2020 is tracking to be the firm’s 12th consecutive year as the Statewide leader of $1,000,000+ transactions.*
“Lila Delman Real Estate has been at the forefront of marketing and selling exceptional, historic homes for over half a century,” commented Kristin Parella. “As a Lila Delman Associate, it was an honor to help my sellers find the next steward of this important Newport property”.
“We are incredibly humbled to have been selected as the second listing brokerage to represent this exceptional home, ultimately guiding our clients to a successful closing,” added Ryan Elsman, Chief Operating Officer of Lila Delman. “It takes a proactive, team-approach to reintroduce a property to market, repositioning the home to the correct buyer.”
Once part of the prestigious ‘Pen Craig’, this recently renovated 1890 estate is an Eden of luxurious privacy. Sited on 1.6 acres of sun-drenched lawn, the property’s natural rock outcroppings and plantings are from the office of Frederick Law Olmsted. The estate is energy efficient yet maintains its charming historic details, including the paneled library, multiple fireplaces, and grand dining room.
*This representation is based on information from the Rhode Island State Wide MLS for the period of January 1, 2009 – October 2, 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.