WATCH HILL, RI – March 30, 2020 – Lila Delman Real Estate continues to drive market activity during these unprecedented times with the sale of 9 Water’s Edge Road in Watch Hill for $5,995,000. Lori Joyal, 2019 Statewide Top Producer and Managing Broker of Lila Delman’s Watch Hill Office, represented the buyer.
According to data maintained by the Rhode Island Statewide MLS, this transaction marks the highest sale in Watch Hill, and Westerly as a whole, since November 2019 when Lori Joyal also sold 10 Bluff Avenue for a historic $17,600,000. The sale of 10 Bluff Avenue marked the 2nd highest home sale ever in Rhode Island, and the highest sale ever recorded by the Statewide MLS.*
At $5,995,000, the sale of 9 Water’s Edge Road marks the 2nd highest sale in the municipality since September 2018 and the 2nd highest residential sale Statewide this year.*
“Today’s sale exemplifies the safe haven that real estate in coastal Rhode Island has become, as a solid investment during such tumultuous times,” commented Lori Joyal. “We are seeing buyers seek financial refuge from the stock market in the form of real estate, as values remains more steady and continue to appreciate.”
Ideally sited on just under one acre on Little Narragansett Bay, this spectacular offering presents breathtaking sunset views at the mouth of Watch Hill’s Harbor. Measuring 4,155 square feet, the home features five bedrooms, three and one half bathrooms, both formal and relaxed living spaces and a sweeping blue-stone patio. Outside, the property offers nearly 300 feet of water frontage, four deep-water moorings, a private beach and the potential for a dock.
*These representations are based on information provided by the RI Statewide MLS for the period of January 01, 1993 – March 30, 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.