This document summarizes the sale of a waterfront estate property located at 89B S. Arnolda Road in Charlestown, Rhode Island. The 5.49-acre property sold for $4,025,000, making it the highest priced single-family home sale in Charlestown since 2008. The 5,424 square foot home, built in 1920 and renovated, includes four bedrooms, six fireplaces, a dock, and boathouse. The sale represents strong ongoing demand for coastal properties in Rhode Island.

1. Waterfront estate on Ninigret Pond in
Charlestown sells for $4.025 million
Waterfront estate on Ninigret Pond in Charlestown sells for
$4.025 million
This residence at 89B S. Arnolda Road in Charlestown was sold on Friday. | Lila Delman Reast Estate International
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2. April 22, 2017 04:29PM
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From this section:
The Week Ahead: April 24 - May 1, 2017
(http://www.thewesterlysun.com/news/charlestown/10215690-154/the-week-ahead-april-24-may-1-2017.html)
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CHARLESTOWN — Lila Delman Real Estate International assisted in closing the sale on Friday of
the 5.49-acre High Point estate on Ninigret Pond in Charlestown. The price for the property at 89B
S. Arnolda Road was $4,025,000, Delman reported. Lori Joyal, managing broker of Lila Delman Real
Estate International’s Watch Hill office, represented the sellers. Delman said that the transaction was
the highest priced in Charlestown since January 2008, according to data from the Rhode Island
State-Wide Multiple Listing Service.
The 5,424-square-foot residence, constructed about 1920 and thoroughly renovated, has four
bedrooms, six fireplaces, a dock and a boathouse.
“This unprecedented offering is one of the most iconic properties in Charlestown,” Joyal said. “The
extraordinary desire for our beautiful Rhode Island coastal properties continues to rise as evidenced
by the overwhelming demand.” Lila Delman Real Estate International, based in Narragansett, said
that year to date, it has participated in the top four highest-priced single-family home sales in Rhode
Island, according to the MLS data.
Real estate listing records shows that luxury properties have appreciated considerably since the
downturn of the last recession. The previous sale of the Arnolda Road estate was for $1.7 million in
2010.
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