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PBN Article: R.I.’s Height of Luxury: Deman Remains High as Volume of High-Priced Home Sales Plateaus
The appetite for luxury homes along the Rhode Island coast doesn’t seem to be waning, as evidenced by two transactions above the $10 million mark in 2019. But with the number of high-end sales plateauing in recent years, the question arises: Has the volume of Rhode Island’s luxury market reached its peak?
For nearly a decade, annual sales of homes with a price of $1 million or more soared from a low of 85 in 2009 – in the midst of the Great Recession – to a record-setting 276 in 2018. Yet, for the past three years, the number of luxury transactions has leveled off, with 272 sales in 2017, 276 in 2018 and 274 in 2019, according to data provided by the Rhode Island Association of Realtors.
While a tight supply of high-priced homes may be dampening total sales in some areas, the state’s real estate agents insist Rhode Island’s luxury market still has room to grow.
“In speaking with luxury specialists, the consensus is that there is no expectation of this market subsiding,” said Shannon Buss, president of the Rhode Island Association of Realtors and a broker associate at Randall Realtors. “I spoke with an agent in Newport who is a luxury specialist. He said that homes of significance are consistently entering the market. There is not a concern at this time that inventory will cap.”
In particular, homes with water views continue to be hot commodities and are being priced as such.
Case in point: The Sea Grace estate on Ocean Road in Narragansett, which went on the market in January. The gated, 2-acre waterfront property features a 12,000-square-foot home with six bedrooms and seven baths, a 36-foot infinity pool and lawn that sweeps down to a rocky shoreline. Asking price: $19 million.
“The majority of luxury homebuyers in Rhode Island are looking for some kind of water amenity,” Buss said. “Properties without ocean views or frontage have experienced longer days on market than those offering coastal amenities.”
Cynthia Moretti, a broker at Lila Delman Real Estate in Newport, who represented the buyer of a $5 million property on East Shore Road in Jamestown, acknowledged a “supply-demand imbalance” for waterfront single-family homes. She says it’s caused in part because the wealthy are getting a bigger bang for their buck when buying vacation homes in the Ocean State compared with coastal locations in Massachusetts and Long Island, N.Y.
“I’m anticipating an increase in the sale of our waterfront properties for premium prices,” she said. “People want to live on the shoreline, and they love new construction. Demand is driving the price of properties up and buyers are scooping up coastline lots, or buying property, and rebuilding because turnkey inventory is limited.”
Despite demand for luxury homes, matters beyond Rhode Island’s borders, as well as in the state, could throw a bit of uncertainty into the mix.
“Global economic events, domestic policies and local economic conditions have their effect on the rise or fall of the luxury housing market,” Moretti said. “It’s difficult to know for certain, especially in our current environment, but I remain optimistic that we will see a continued demand for luxury properties, specifically those that are turnkey.”
Despite a slight decline in the number of luxury sales, the demand translated into two mammoth transactions in 2019, both oceanfront homes selling for more than $10 million.
A Bluff Avenue estate near pop singer Taylor Swift’s home in the Watch Hill section of Westerly sold for $17.6 million, while a billionaire tech mogul purchased a mansion on Newport’s storied Bellevue Avenue for $11 million. They ranked first and second on the list of top 10 home sales for the year.
By comparison, the most-pricey home transaction in 2018 was the $9 million purchase by Judy Sheindlin, of “Judge Judy” fame, of a Newport estate called The Birdhouse.
The $17.6 million Bluff Avenue sale last year was believed to be the second-highest-priced residential sale in Rhode Island history, eclipsed only by the $17.75 million Swift paid for her oceanfront mansion a short distance away on the same street in 2013.
Lori Joyal, a broker at Lila Delman and the agent for the seller of the Watch Hill property, said she has “seen an uptick in Rhode Island’s luxury market, as savvy buyers identified great value in waterfront properties when compared [with] markets such as Cape Cod and [Martha’s Vineyard and Nantucket] or the Hamptons [on Long Island].
“The historic sale of 10 Bluff Ave. is a testament to today’s luxury buyer’s appreciation for turnkey properties and the premium associated with this convenience,” Joyal said.
Still, real estate agents acknowledge that move-in-ready inventory at the highest end of the market along the coast is scarce right now.
“A house like this [at 10 Bluff Ave.], with such spectacular beachfront acreage, comes along very infrequently in Watch Hill,” said Donna Simmons, the agent for the buyers and a broker at Mott & Chace Sotheby’s International Realty.
The second-highest sale for 2019 was the purchase of Seacliff mansion in Newport, by tech mogul Larry Ellison for $11 million. Ellison is amassing a collection of Newport mansions. His purchase marks the fourth property in his portfolio on Bellevue Avenue.
The next-highest sale was $8 million for a shoreline property at 609 Beavertail Road in Jamestown. The 7-acre, 8,534-square-foot estate is located on an oceanfront cliff. Mott & Chace represented both sides of the sale.
Judy Chace, the listing agent, said the home “is an architecturally stunning contemporary with dramatic Newport Harbor views and a guest house in perfect condition. The buyer wanted an easy-living, oceanfront family estate that was beautifully designed and move-ready.”
Erin Marsh, the broker who represented the buyer, echoed Chace’s sentiments.
“The coastal luxury/second-home market continues to be strong in Rhode Island, with beautiful, sandy beaches and quaint seaside towns – real estate is viewed as reasonable considering the lifestyle the state offers,” Marsh said.
TOP TEN REAL ESTATE SALES 2019
1. 10 Bluff Ave. | Westerly
PRICE: $17,600,000
DATE SOLD: Nov. 1, 2019
BUYERS: Paul Cappuccio and Matt Shea
SELLER: Kevin Wendle
BROKER: Mott & Chace Sotheby’s International Realty (buyer); Lila Delman Real Estate (seller)
YEAR BUILT: 1903
BATHROOMS: 8 full, 1 half
BEDROOMS: 9
LIVING SPACE: 10,000 square feet
PREVIOUS PRICE: Originally listed for $18,900,000 in May 2019.
2. Sea Cliff | 562 Bellevue Ave. | Newport
PRICE: $11,000,000
DATE SOLD: Jan. 31, 2019
BUYER: Larry Ellison
SELLER: Peter Madden
BROKER: N/A
YEAR BUILT: N/A
BATHROOMS: 4 full, 2 half
BEDROOMS: 5
LIVING SPACE: N/A
PREVIOUS PRICE: Last assessed at $6,800,000 in 2018.
3. 609 Beavertail Road | Jamestown
PRICE: $8,000,000
DATE SOLD: June 21, 2019
BUYER: Barclays Trust
SELLER: Nelson Northern Properties LLC
BROKER: Mott & Chace Sotheby’s International Realty (buyer and seller)
YEAR BUILT: 1996
BATHROOMS: 5 full, 3 half
BEDROOMS: 5
LIVING SPACE: 8,534 square feet
PREVIOUS PRICE: Originally listed for $8,975,000 in June 2018.
4. 146 Brenton Road | Newport
PRICE: $7,300,000
DATE: Jan. 22, 2019
BUYER: Pumo LLC
SELLER: Anthony W. Ruggiero
BROKER: Gustave White Sotheby’s International Realty (buyer); William Raveis Chapman Enstone (seller)
YEAR BUILT: 1987
BATHROOMS: 6 full, 3 half
BEDROOMS: 5
LIVING SPACE: 6,357 square feet
PREVIOUS PRICE: Originally listed for $7,950,000 in September 2018.
5. 850 East Shore Road | Jamestown
PRICE: $6,325,000
DATE SOLD: April 22, 2019
BUYERS: Barbara R. Kirk, Karl D. Kirk Jr. and Katherine R. Kirk
SELLERS: Mary G. Long and Ronald E. Long
BROKER: Mott & Chace Sotheby’s International Realty (buyer and seller)
YEAR BUILT: 1680
BATHROOMS: 2 full, 1 half
BEDROOMS: 5
LIVING SPACE: 4,188 square feet
PREVIOUS PRICE: Originally listed for $6,850,000 in June 2018.
6. 229 Ruggles Ave. | Newport
PRICE: $6,200,000
DATE SOLD: Sept. 30, 2019
BUYER: Midcliff LLC
SELLER: R&D Trust
BROKER: Lila Delman Real Estate (buyer and seller)
YEAR BUILT: 1886
BATHROOMS: 10 full, 1 half
BEDROOMS: 12
LIVING SPACE: 13,748 square feet
PREVIOUS PRICE: Originally listed for $7,700,000 in May 2019.
7. 35-36 Beach Drive | Little Compton
PRICE: $5,075,000
DATE SOLD: May 29, 2019
BUYER: Christopher and Julie Darnell
SELLER: Donald F. and Eleanor B. O’Neill
BROKER: Keller Williams Realty Group (buyer); Mott & Chace Sotheby’s International Realty (seller)
YEAR BUILT: 1987
BATHROOMS: 4 full, 1 half
BEDROOMS: 4
LIVING SPACE: 4,178 square feet
PREVIOUS PRICE: Originally listed for $5,075,000. Date N/A.
8. 238 East Shore Road | Jamestown
PRICE: $5,000,000
DATE SOLD: May 31, 2019
BUYER: Seaspray LLC
SELLER: Jamestown Cottages Co. LLC
BROKER: Lila Delman Real Estate (buyer and seller)
YEAR BUILT: 2018
BATHROOMS: 3 full, 1 half
BEDROOMS: 4
LIVING SPACE: 3,540 square feet
PREVIOUS PRICE: Originally listed for $5,750,000 in July 2018.
9. 66 Williams St. | East Side of Providence
PRICE: $4,600,000
DATE SOLD: Dec. 18, 2019
BUYER: Lorne A. Adrain
SELLER: Jocelin Hamblett
BROKER: CrossRoads Real Estate Group (buyer); Mott & Chace Sotheby’s International Realty (seller)
YEAR BUILT: 1810
BATHROOMS: 5 full, 4 half
BEDROOMS: 6
LIVING SPACE: 11,790 square feet
PREVIOUS PRICE: Originally listed for $5,500,000 in February 2019.
10. 40 Newton Ave. | Narragansett
PRICE: $4,500,000
DATE SOLD: April 15, 2019
BUYER: Michael J. Gretz
SELLER: Guy Lancellotti III
BROKER: Island Realty (buyer); Lila Delman Real Estate (seller)
YEAR BUILT: 1884
BATHROOMS: 7 full, 1 half
BEDROOMS: 5
LIVING SPACE: 8,882 square feet
PREVIOUS PRICE: Originally listed for $6,495,000 in August 2017.
Mott & Chace Sotheby’s International Realty Announces Significant Sale in Richmond by Donna Simmons
Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 87 Kingstown Road, Townhouse B4 located at the Preserve at Boulder Hills for $1,500,000. The seller was represented by Donna Simmons, Sales Associate of Mott & Chace Sotheby’s International Realty. Jerry Sahagian of Preserve Realty represented the buyer.
The Preserve at Boulder Hills is a state-of-the-art golf, swimming, and sporting club in the region. The club, located on 3,500 pristine acres in Richmond, Rhode Island, features over 150 home building sites, newly built condominiums, tiny houses, and townhouses.
“It is a pleasure to represent the Preserve and to sell to buyers who appreciate the natural, woodland environment there as well as who value the five star amenities offered all year long—from the award winning 18 hole golf course, swimming, tennis and ziplining in the summer to sporting activities in fall, winter and spring such as shooting clays, cross country skiing, fly fishing, snowmobiling and horseback riding,” says Donna Simmons.
Club members like Adam Vinatieri, place kicker for the Indianapolis Colts and former place kicker for the New England Patriots, have nothing but great things to say about membership. “The Preserve is second to none,” Vinatieri says. “In my down time, it’s the place I want to take my family to decompress and enjoy nature”.
Mott & Chace Sotheby’s International Realty Represented More Buyers and Sellers in the Top Sales of 2019
This year, Mott & Chace Sotheby’s International Realty has commanded the luxury side of Rhode Island real estate. 2019 has seen some of the highest recorded sales in MLS history, and agents of Mott & Chace Sotheby’s International Realty have represented five out of ten clients in these top sales: more than any other firm.
10 Bluff Avenue located in Westerly was sold for $17,600,000 and represents the highest recorded single-family property sale ever in Watch Hill. The home, located between The Ocean House and Taylor Swift’s property, is also the highest ever recorded single-family sale statewide. Swift’s privately purchased home remains the highest single-family property sale statewide. 10 Bluff Avenue is the highest known sale in Watch Hill since then.
Buyer’s Agent: Donna Simmons, Mott & Chace Sotheby’s International Realty
Seller’s Agent: Lori Joyal, Lila Delman Real Estate
Another record-breaking oceanfront sale by Mott & Chace Sotheby’s International Realty was made in July when agents of the firm represented both sides of 609 Beavertail Road, Jamestown. The $8,000,000 sale included the spectacular seven-acre contemporary estate and additional adjoining lot, set high on a cliff at Jamestown’s southern tip overlooking picturesque Newport Harbor. This represents the highest recorded single-family property sale ever in Jamestown, according to data available from the Rhode Island Multiple Listing Service. This is the second highest single-family sale statewide of 2019.
Buyer’s Agent: Erin Marsh, Mott & Chace Sotheby’s International Realty
Seller’s Agent: Judy Chace, Mott & Chace Sotheby’s International Realty
The sale of 850 East Shore Road, Jamestown for $6,325,000 ranks as the fourth highest sale in Rhode Island in 2019. The second highest transaction in Jamestown this year, agents of Mott & Chace Sotheby’s International Realty represented clients on both ends of the transaction at “Cajacet Farm”. The home, built in 1690, is rich in history; Local legend is that Captain Kidd visited in 1699 and asked his friend to hide his treasure while he returned to England. Kidd was arrested and never returned.
Buyer’s Agent: Erin Marsh, Mott & Chace Sotheby’s International Realty
Seller’s Agent: Judy Chace, Mott & Chace Sotheby’s International Realty
Mott & Chace Sotheby’s International Realty Announces Record-Breaking Sale in Watch Hill by Donna Simmons
Mott & Chace Sotheby’s International Realty is proud to announce the record-breaking oceanfront sale of 10 Bluff Avenue for $17,600,000. Within the iconic seaside estate in the village of Watch Hill, the c. 1903 home has been recently renovated by award winning designer Giancarlo Valle. The buyer was represented by Donna Simmons, Sales Associate of Mott & Chace Sotheby’s International Realty. The seller was represented by Lori Joyal of Lila Delman Real Estate.
The sale of 10 Bluff Avenue represents the highest recorded single-family property sale ever in Watch Hill, according to data available from the Rhode Island Multiple Listing Service. This is also the highest ever recorded single-family sale statewide. Donna has sold over $30 Million in real estate to date in the Westerly and Watch Hill marketplace.
In 2013, Taylor Swift privately purchased the home just a few doors away for $17,750,000 according to Business Insider. 10 Bluff Avenue is the highest known sale in Watch Hill since then. Bluff Avenue is situated on the oceanfront edge of Watch Hill where the homes overlook the Atlantic Ocean.
Including 160 feet of beach frontage, the landmark home at 10 Bluff Avenue features nine bedrooms and eight- and one-half bathrooms on three levels of living space. The home debuted on the Westerly landscape in the early 1900s known as “Seaesta”. The summer colony of Watch Hill dates back to the mid 1800s with nine original grand hotels. As families from landlocked United States traveled by rail to the East Coast to escape the sultry summers, they disembarked in Stonington and took steamships to Watch Hill for true summer enjoyment. Soon, many decided to build their own rambling, shingled, summer ‘cottages’. “Seaesta” is a sterling example of these homes.
“This was a once in a generation listing because of the location in the village of Watch Hill, astounding ocean views, the white sand beach and the large parcel of land, which is over an acre,” says Donna Simmons. “I am thrilled for my clients who have decided to make Watch Hill their summer and weekend home!”
“We have an extremely strong presence in the Rhode Island luxury market,” adds Judy Chace, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty. “This year we have participated in three of the top five sales in the state and represented half of those clients, while leading the state in residential sales over $3 million. Our company and our leadership in the luxury market continues to grow at a steady rate and we are looking forward to what we can accomplish next.”
“Watch Hill is a unique piece of Rhode Island history and our agents are an authority on this special community,” affirms Ray Mott, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty. “We are impressed by the tireless efforts of our associates in the Watch Hill office.”
Mott & Chace Sotheby’s International Realty Announces Significant Sale in Watch Hill by Donna Simmons
Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 2 Bluff Avenue, Suite #B3-4, for $3,500,000. The two plus bedroom condominium, located at the Ocean House, boasts over 1,700 square feet of living space. Donna Simmons, Sales Associate with Mott & Chace Sotheby’s International Realty represented the sellers and was a facilitator for the buyer.
A consistent top producer in the Watch Hill marketplace, Donna Simmons has represented the clients in the three of the four highest condominium sales at the Ocean House to date. According to data from the Rhode Island Statewide Multiple Listing Service, this is the highest condominium sale statewide since 2015.
“I am so pleased for the buyer and seller; living at the Ocean House is like having the ultimate in resort living every day! This two- bedroom plus bunk room suite has sweeping ocean views and direct access to the beach,” says Donna Simmons. Amenities offered by the Ocean House include the Ocean House Club, a 1,600 square foot exercise facility, two squash courts, an indoor lap pool, beautiful croquet lawns, and a putting green.
Mott & Chace Sotheby’s International Realty Announces Significant Sale in Westerly by Donna Simmons
Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 1 Kettle Close for $1,100,000. The sellers were represented by Donna Simmons, Sales Associate of Mott & Chace Sotheby’s International Realty. Donna also facilitated the sale with the buyers.
According to data available from Rhode Island Statewide Multiple Listing Service, this is the second highest condominium sale in Westerly this year. Agents of Mott & Chace Sotheby’s International Realty have represented clients in the top two condominium sales in Westerly in 2019.
This 55+ Adult Active Community, Winnapaug Cottages was established in 2006 and is a sister community to Champlin Woods, a new development of 40 condominiums. Donna Simmons represents the eight condominiums currently under construction and the final eight units to be constructed in 2020.
This stand-alone turnkey home features two bedrooms, four- and one-half baths, and a loft with ocean views. “With high ceilings, gourmet kitchen finishes and appliances, hand-scraped Italian oak floors and multi-generational floor plan layout, this was an exciting property to show and sell; I am thrilled for the lucky buyers,” said Donna Simmons.
Mott & Chace Sotheby’s International Realty Announces Significant Sale at the Ocean House by Donna Simmons
Watch Hill, RI (December 21, 2018) – Located at the Ocean House, the White Caps Suite 3-6 at in Watch Hill, has sold for $1,800,000. One of only 13 hotels worldwide with the Forbes Triple Five Star distinction, this studio unit offers 864 square feet. The sellers of this unit were represented by Donna Simmons, Sales Associate with Mott & Chace Sotheby’s International Realty. Simmons also facilitated the transaction for the buyers.
The Ocean House is a five-star resort hotel which offers its buyers exclusive club membership and amenities such as private access to the beach with cabanas, a lap pool, croquet, squash and access to tennis and golf. According to data from the Rhode Island Statewide Multiple Listing Service, in all condominium sales over the one-million-dollar-mark in the municipality so far this year, Simmons has represented clients in three of the five real estate transactions.
Donna remarks, “Families enjoy summering at the Ocean House. This is the seventh buyer who has purchased more than one unit in order to entertain extended family and friends to truly make these their second homes.”
Judy Chace, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty adds, “A gorgeous, outdoor private garden for entertaining features 180-degree views of the ocean and Block Island: a lovely summer and year-round retreat.”
“We are pleased to continue to be a driving force in the exclusive, luxury real estate sector of the Watch Hill community,” states Ray Mott, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty.
ABOUT MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY
With a combined history of success and a reputation for representing Rhode Island’s finest properties, Mott & Chace Sotheby’s International Realty was founded by Judy Chace and Ray Mott. The firm of over 130 agents have an established record of providing exceptional customer service to their national and international clientele with six offices in Rhode Island in Barrington, Charlestown, East Greenwich, Narragansett, Providence and Watch Hill. Mott & Chace Sotheby’s International Realty combines local expertise with a world-renowned brand. Sotheby’s International Realty network includes over 22,000 sales associates in approximately 960 offices in 72 countries and territories. Each office is independently owned and operated.
For more information, visit the website at mottandchace.com
Mott & Chace Sotheby’s International Realty Announces Significant Sale in Westerly by Donna Simmons and Daphne Cannata
Westerly, RI (April 3, 2018) – Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 3 Compass Way, Suite B 301, Westerly, for $1,200,000. According to data from the Rhode Island Statewide Multiple Listing Service, this is the highest sale in the Champlin Woods development to date. The sellers of this water view condo were represented by Donna Simmons and the buyers by Daphne Cannata, both of Mott & Chace Sotheby’s International Realty.
“Nestled between the two premier resort communities of Watch Hill and Weekapaug, Champlin Woods is an active, adult 55+ community less than a mile away from some of Rhode Island’s best beaches,” says Donna. “As we begin to break ground for a new building at Champlin Woods, there is an opportunity for buyers looking for a carefree life to select this area for their new home.”
“This exquisite property offering panoramic ocean views to Block Island and Montauk Point is ideally situated for spectacular sunrises and sunsets. I am delighted for my buyers, adds Daphne.
Ray Mott, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty states, “We are pleased with the remarkable progress of the Champlin Woods project and are honored to represent the sale of the 24 condominium units.”
“Champlin Woods offers a great alternative for those interested in stress-free, resort-style living with the added option to personalize their space,” adds Judy Chace, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty.
ABOUT MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY
With a combined history of success and a reputation for representing Rhode Island’s finest properties, Mott & Chace Sotheby’s International Realty was founded by Judy Chace and Ray Mott. The firm of over 130 agents have an established record of providing exceptional customer service to their national and international clientele with six offices in Rhode Island in Barrington, Charlestown, East Greenwich, Narragansett, Providence and Watch Hill. Mott & Chace Sotheby’s International Realty combines local expertise with a world-renowned brand. Sotheby’s International Realty network includes over 22,000 sales associates in approximately 950 offices in 69 countries and territories. Each office is independently owned and operated.
For more information, visit the website at mottandchace.com
In the Press: Significant Sales in Watch Hill and Fall River by Mott & Chace Sotheby’s International Realty
This week, Mott & Chace Sotheby’s International Realty successfully closed the following transactions: 2 Bluff Avenue at the Ocean House, Suite 3-5, Watch Hill, RI and 306 French Street, Maplecroft Mansion, Fall River, RI.
The buyers of the Ocean House condominium were represented by Donna Simmons, Sales Associate with Mott & Chace Sotheby’s International Realty. This transaction represents the highest condo sale statewide since 2015 (according to data from the Rhode Island Statewide Multiple Listing Service). “Ocean House condominium living continues to offer resort-like living in the heart of Watch Hill,” remarks the agent: also a local resident.
For more information about this sale in the PBN article, click here.
Maplecroft Mansion, home to the infamous Lizzie Borden in the years following her acquittal of the murder of her parents, was listed by the Taylor & Associates team of Mott & Chace Sotheby’s International Realty. In the future, the new owners of the home plan to utilize the living quarters as a bed and breakfast in its historic Highlands neighborhood of Fall River. “We are all very excited for the opportunity to continue our efforts in preserving the history of Lizzie Borden and serving the community of Fall River,” asserts new owner David Woods.
Read more about this sale on PBN here.
Mott & Chace Sotheby’s International Realty Announces Significant Sale in Watch Hill by Donna Simmons
Watch Hill, RI (February 2, 2018) – Mott & Chace Sotheby’s International Realty is pleased to announce the sale of 2 Bluff Avenue at the Ocean House, Suite 3-5, for $3,125,000. According to data from the Rhode Island Statewide Multiple Listing Service, this is the highest priced condominium statewide since 2015. The buyers of this suite were represented by Donna Simmons, Sales Associate with Mott & Chace Sotheby’s International Realty. The sellers were represented by Josephine Navin with Coldwell Banker.
According to Donna, “Ocean House condominium living continues to be a resort-like, carefree way to own in Watch Hill without all of the upkeep of a house. My clients are ecstatic about making the Ocean House their new summer home!”
Representing clients in the top three condominium sales in the state since 2015, all of which were located at the Ocean House, Donna is also a local resident. Offering a wealth of expertise in the area real estate markets, the real estate agent successfully closed over $17 million dollars in volume in 2017 alone.
Ray Mott, Broker Co-Owner of Mott & Chace Sotheby’s International Realty states, “We are pleased with Donna’s successes in the Watch Hill luxury market. We look forward to her continued success with our company in the years to come.”
“The growth of our Watch Hill office has been impressive this year and Donna has been a key element of that success,” adds Judy Chace, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty.
ABOUT MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY
With a combined history of success and a reputation for representing Rhode Island’s finest properties, Mott & Chace Sotheby’s International Realty was founded by Judy Chace and Ray Mott. The firm of over 130 agents have an established record of providing exceptional customer service to their national and international clientele with six offices in Rhode Island in Barrington, Charlestown, East Greenwich, Narragansett, Providence and Watch Hill. Mott & Chace Sotheby’s International Realty combines local expertise with a world-renowned brand. Sotheby’s International Realty network includes over 20,000 sales associates in approximately 880 offices in 69 countries and territories. Each office is independently owned and operated.
For more information, visit the website at mottandchace.com
