News Summary
Compass Providence has successfully negotiated the sale of a historic Colonial home at 125 Grotto Ave., selling for $3,060,000. This transaction marks the second-highest sale on Grotto Ave. in MLS history. The distinguished home, built in 1929, features six bedrooms and five full baths, showcasing the strong demand for luxury real estate in the area. Kira Greene, the founding agent of Compass Providence, played a significant role in this sale, reinforcing the firm’s status as the #1 luxury brokerage in Rhode Island.
Providence recently witnessed a significant real estate transaction as Compass Providence successfully negotiated the sale of a historic Colonial home located at 125 Grotto Ave. The property sold for $3,060,000, marking it as the second-highest sale on Grotto Ave. in MLS history.
The sale was facilitated by Kira Greene, the founding agent of Compass Providence, who represented the sellers. This historic home, built in 1929, boasts a distinctive brick Colonial architecture and is situated on one of the East Side’s most distinguished streets.
Spanning a total area of 5,430 square feet, the residence features six bedrooms, five full baths, and two half baths. It also includes a walk-out lower level equipped with a wet bar and a media center, with glass doors that lead out to a private yard, elegantly enclosed by brick walls.
Significance of the Sale
This sale is particularly noteworthy as it reinforces the strong demand for luxury real estate in the Providence area. The previous record for Grotto Ave. was set by Kira Greene herself in 2024, making her a key player in the local luxury market.
Compass is recognized as the #1 luxury brokerage in Rhode Island and also holds this title nationwide. The firm has established a reputation for closing high-value transactions, reinforcing its position within the competitive real estate landscape. In 2024, Compass achieved over $1 billion in closed sales, solidifying its market dominance.
Kira Greene’s Achievements
Kira Greene has gained prominence as the #1 Individual Realtor for closed sales volume year-to-date, ranking as the #3 Realtor statewide and #2 on the East Side in 2024. In 2024, Greene had a closed sales volume of $72 million and was actively involved in 31 transactions of $1 million or more in 2025 alone. Her accomplishments highlight the growing trend of luxury home sales in the area.
Luxury Real Estate Market Overview
The luxury property market, defined as homes priced at $1 million or more, has shown significant growth in Rhode Island. Compass’s leading position in the luxury market is underscored by its ranking as the #1 luxury brokerage for closed sales volume exceeding $1 million.
The success of the sale at 125 Grotto Ave. exemplifies the robust interest in high-end real estate on the East Side of Providence, a region known for its historical charm and upscale living. Future trends in this market are anticipated to reflect continued growth, as affluent buyers seek architecturally significant homes in desirable neighborhoods.
Conclusion
The recent sale of 125 Grotto Ave. not only represents a significant financial milestone for both the sellers and the buyer but also encapsulates the thriving luxury real estate market in Rhode Island. With Kira Greene leading the charge at Compass Providence, the expectations for further success in this sector remain high as more buyers look to capitalize on the luxe offerings in the area.
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Additional Resources
- Boston.com: R.I. Real Estate for Out-of-State Buyers
- Wikipedia: Real Estate
- Providence Journal: R.I. Real Estate Transactions
- Google Search: Rhode Island Real Estate Market 2025
- GoLocalProv: Hottest RI Zip Code for Real Estate
- Encyclopedia Britannica: Real Estate
- Boston Real Estate Times: $52.5 Million Sale in North Providence
- Google News: Providence Real Estate News
- Business Wire: Rhode Island Tech Startup RealAnalytica
Author: STAFF HERE PROVIDENCE WRITER
The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
