WATCH HILL, RI – March 12, 2021 – Lila Delman Real Estate remains the leader of Rhode Island’s luxury real estate market with the sale of 12 Arraquat Road in Westerly for $7,750,000. Lori Joyal, Managing Broker of Lila Delman’s Watch Hill Office, represented the seller and facilitated for the buyer. This transaction marks the second highest sale statewide this year.
Year-to-date, Lori Joyal ranks as the number one Sales Associate in Washington County with over $27,000,000 in closed volume before the end of the first quarter. Coming off a record breaking 2020, where Lori ranked as Rhode Island’s Top Producing Individual Agent with over $108,000,000 in annual sales volume, she remains encouraged by recent market activity and predicts a strong year ahead.*
“With scarce inventory, record low interest rates, and Rhode Island being an increasingly sought after market for second-home buyers, we’ve seen a very strong start to 2021”, commented Joyal. “Timing is everything, given the low inventory and increased buyer motivation, there is immense opportunity for sellers to get top dollar for their property. I’m here to be a resource for my clients.”
12 Arraquat Road is one of the most coveted locations in all of Watch Hill. The estate is sited on a private peninsula with magnificent 360-degree water views on 4.71 acres. The coastal enclave includes a main home, built in 1902, a circa 1930 guest house, a private dock, and approximately 6,000 square feet of living space. The private retreat is a once-in-a-generation opportunity offering unsurpassed bay views. Endless opportunities abound for the new steward of this spectacular property located within walking distance to the Village of Watch Hill and all that this prestigious community Watch Hill has to offer.
* These representations are based on information provided by the RI Statewide MLS for the period of January 01, 2020 – March 12, 2021. Lori Joyal’s sales metrics include MLS & non-MLS transactions. 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.