Real Estate in RI: Highest Newport County sale, $7M+, with Lila Delman Compass

Lila Delman Compass announced the sale of 599 Ocean Avenue in Newport for $7,125,000. Anne Northup Burns, Associate Broker of Lila Delman Compass’ Newport office, represented the Seller in this transaction. According to data maintained by the Rhode Island Statewide MLS, this transaction marks the highest sale in Newport County and the 2nd highest in all of Rhode Island, year to date.*

‘Ocean Mist’ is a 4 bedroom, 5 and a half bath home offering 5,424 square feet of living space. Sited on
nearly a half acre on Newport’s famed Ocean Avenue, this home offers deeded rights to a private beach.

“The magnificence of the ocean views from this well-designed property cannot be overstated. The buyer also appreciated the beautifully sculpted landscaping, attention to every detail, and superior construction,” commented Anne Northup Burns. “Newport, with its many leisure and social offerings, continues to attract financiers, yachting enthusiasts, and more recently serious car collectors, making a positive impact on the luxury market here.”

ABOUT LILA DELMAN COMPASS:
In 2021, Rhode Island’s first name in luxury real estate, Lila Delman, proudly joined Compass, the
Nation’s #1 real estate brokerage.**Today, Lila’s Legacy lives on with great strength, backed by the power of Compass. With the re-branding of Randall Realtors to Compass in November 2023, Compass now owns and operates 11 offices across the state, including Lila Delman Compass and Compass.

Lila Delman Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice.

*Sale rankings and closing price information is based on information from the Rhode Island Statewide MLS for all sales for the period of January 1, 2024 – July 15, 2024. Luxury ranking based on sales volume of real estate transactions closed over $1M. 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. **As of 2023, closed sales volume. Source: RealTrends 3/9/24.