News Summary
The luxury property, Hanley House, has been officially listed for $4.295 million in Providence’s hot real estate market. The estate features 6,138 square feet, five bedrooms, and six bathrooms, blending historical elegance with modern sophistication. Renovated to enhance luxury living, the home includes a stunning primary suite, a gourmet kitchen, and impressive outdoor spaces, appealing to discerning buyers amidst a competitive market with rising home values.
Providence, RI – The luxury property known as Hanley House has been officially listed for $4.295 million, as Rhode Island’s real estate market heats up. Located at 349 Wayland Ave, the estate encompasses 6,138 square feet and includes five bedrooms and six bathrooms, making it an expansive option for buyers seeking elegance and modern amenities in one of Providence’s most desirable neighborhoods.
Listing agent Kira Greene of Compass Rhode Island is representing the property, which embodies a harmonious blend of historical elegance and modern sophistication. The home is situated in the prestigious Wayland Square neighborhood, known for its tree-lined streets and vibrant community atmosphere, further enhancing its appeal.
Hanley House spans four levels and has undergone meticulous renovations to cater to modern luxury living. The interior design not only promotes togetherness but also provides serene spaces ideal for relaxation and self-care. Upon entering the estate, guests are greeted by expansive living and dining areas that showcase an open layout, creating a sense of space and connectivity.
The gourmet kitchen, a highlight of the home, is fitted with premium appliances, bespoke cabinetry, and a butler’s pantry. This culinary space seamlessly connects to a spacious family room and a private bar, making it perfect for entertaining guests or family gatherings. Moreover, the residence offers flexible living options, complete with multiple ensuite bedrooms to accommodate various lifestyle needs.
One of the standout features of Hanley House is the stunning primary suite located on the top floor. This exquisite space boasts cathedral ceilings, exposed beams, and a cozy fireplace—creating a luxurious retreat for the homeowner. Additionally, the lower level of the house is fully equipped for entertainment and leisure, housing a kitchen, a cedar sauna, a wine cellar, and versatile media, game, or exercise rooms, suitable for a range of activities.
The outdoor space of the property is equally impressive, featuring a beautifully landscaped area with a full outdoor kitchen, a gas fire pit, a soothing water feature, and a cedar pergola designed for hosting gatherings in a tranquil setting. The estate also includes a heated two-car garage, enhancing its practicality and offering additional flexible-use space.
Hanley House’s renovation has been undertaken by Lofty Ambitions, a firm known for redefining luxury amongst modern living spaces. The property incorporates state-of-the-art mechanical systems, ensuring top efficiency, and soundproofed interiors for an added layer of comfort and privacy.
Currently, the Rhode Island housing market is regarded as one of the hottest in the nation. As per recent data, the Providence metro area ranks as the 11th hottest market, with the median listing price for homes in this region reaching $535,000, showing a slight increase from the previous month. Homes in the area typically spend an average of 39 days on the market before being sold.
The Rhode Island Association of Realtors has reported a median price of $465,000 for single-family homes in January 2025, highlighting ongoing demand despite limited inventory. Currently, there are only 1.5 months’ worth of home listings available in the state, creating a highly competitive market environment.
Market challenges such as higher interest rates, currently between 6% and 7%, have affected buyer competitiveness and affordability in the region. Despite this, trends indicate a gradual rise in home values, with projections suggesting an increase of 3.9% by October 2025. This context contributes to the anticipation and excitement around properties like Hanley House, poised to attract discerning buyers in a rapidly evolving marketplace.
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HERE Resources
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Additional Resources
- Providence Journal: Hottest Real Estate Markets
- GoLocalProv: Real Estate Conference
- Stacker: Fastest Growing Home Prices in Rhode Island
- Norada Real Estate: Providence Housing Market Trends
- GoLocalProv: Homebuilding and Affordability in Rhode Island
- Wikipedia: Real Estate in the United States
