Monday, August 29, 2016

Idyllic Oceanfront Compound on Block Island Sells for U.S. $4,750,000

On August 1, 2016, Lila Delman Real Estate International, an Affiliate of Christie's International Real Estate, announced the record sale of 919 Coast Guard Road, Block Island for U.S. $4,750,000.

The idyllic oceanfront compound is set on 14.82 acres with vineyards and 460' of sandy beach.

This represents the highest sale on Block Island in the last three years, ending Aug. 1, 2016, according to statistics maintained by RI Statewide MLS*. Lila Delman Real Estate International was both the listing and selling company. Rosemary Tobin, Manager, represented the sellers and facilitated for the buyer.

“Selling this property was especially satisfying since it's a prime example of Block Island's unique market. As part of conserved land that is so dear to our way of life on the island, this 14-acre family compound offers the utmost privacy and access to one of the most beautiful beaches that Block Island has to offer,” said Rosemary.

“Block Island is a hidden jewel and can be compared to Nantucket and Martha’s Vineyard, but offers a better value in terms of pricing,” commented Melanie Delman, President, Lila Delman Real Estate International.

Source: Christie's International Real Estate

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