News Summary
Fowler’s Rocks, a renowned waterfront estate in Jamestown, RI, has sold for a record-breaking $12.25 million, marking the highest residential sale in the area. The property, which spans six acres and features luxurious amenities, was designed by famed architect Charles L. Bevins and includes a deep-water dock, pool, and guest wing. The sale highlights the growing demand for high-end real estate in Rhode Island as the island community continues to attract affluent buyers.
Jamestown, Rhode Island – Historic Waterfront Estate ‘Fowler’s Rocks’ Sells for Record $12.25 Million
The waterfront estate known as Fowler’s Rocks has achieved a new milestone in real estate history, selling for a record $12.25 million in Jamestown, Rhode Island. This sale marks the highest price ever paid for a single-family home in the town and stands as the most expensive home sale in the state for the year 2024, as of late October.
Located at 340 East Shore Road, Fowler’s Rocks spans 6 acres and overlooks the tranquil East Passage of Narragansett Bay. The estate was originally built in 1892 and features an impressive 6,500 square feet of living space, showcasing a blend of classic architecture and modern amenities.
Features of the Estate
The property contains six bedrooms, four full bathrooms, and two half-bathrooms. It was designed by renowned architect Charles L. Bevins, ensuring a timeless appeal. The expansive grounds include a deep-water dock, a boat lift, and two moorings, perfect for boating enthusiasts. A charming seaside pavilion with a fireplace enhances the outdoor experience, along with a 700-square-foot inground pool and spa.
Guests can enjoy the serene views from the 1,400-square-foot covered wraparound porch, and the property features meticulously maintained rolling lawns and stone walls. A tranquil koi pond garden adds to the natural beauty of the estate.
A dedicated two-bedroom guest wing is included within the home’s layout, making it an ideal space for visitors. The kitchen has been recently remodeled and comes complete with a butler’s pantry, catering to the needs of modern living. The primary suite is particularly luxurious, boasting its own sitting room, fireplace, and an en suite bathroom that opens to the balcony, which provides panoramic views of Narragansett Bay.
Transaction Details
The sale was represented by Lila Delman Compass, with Cynthia Moretti and Bob Bailey handling the transaction for the seller. The buyer, a limited liability company named 340 ESR LLC based in Naples, Florida, was represented by a non-MLS member. The estate was sold by Robert Vincent, acting as trustee of the Robert Vincent 2010 Trust.
Market Valuation Background
Prior to the sale, Fowler’s Rocks had been assessed by Jamestown’s assessors at a value of $5.34 million for fiscal 2024, of which $2.97 million was attributed to the land alone, consisting of 5.91 acres. This valuation reflects the growing interest in high-end properties in the area as well as the overall dynamics of the Rhode Island real estate market.
As the island community continues to attract affluent buyers, the sale of Fowler’s Rocks illustrates the enduring appeal of waterfront properties in Jamestown. With its historic charm, exquisite facilities, and breathtaking views, Fowler’s Rocks sets a new benchmark for luxury real estate in Rhode Island.
Deeper Dive: News & Info About This Topic
- Providence Journal: Jamestown, Rhode Island Top Destination
- Newport RI: Fowler’s Rocks Sale Sets Jamestown Record
- GoLocalProv: Residential Properties Expands Again
- Newport Buzz: Jamestown’s Island Realty Joins Forces
- Providence Business News: Fowler’s Rocks Estate Sells for Record $12.3M
- Wikipedia: Jamestown, Rhode Island
- Google Search: Rhode Island Real Estate Market
- Google Scholar: Rhode Island Real Estate
- Encyclopedia Britannica: Rhode Island
- Google News: Jamestown Rhode Island Real Estate
