Real Estate

THE SEACLIFF PROPERTY at 562 Bellevue Ave., Newport, was sold to a California-based LLC controlled by Larry Ellison, founder of software company Oracle, for $11 million on Jan. 31, according to city records. / COURTESY CITY OF NEWPORT

Newport’s Seacliff property sold for $11M to Oracle founder Ellison

NEWPORT – An early 20th-century home along the city’s Cliff Walk was sold at the end of January for $11 million. Based on published...
MORTGAGE DELINQUENCY in Rhode Island declined 0.8 percentage points year over year to 4.7 percent. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT

R.I. mortgage delinquency declines in Nov.

PROVIDENCE – The November 30-day-or-more mortgage delinquency rate in Rhode Island was 4.7 percent, a 0.8 percentage point decline year over year, according to...
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PBN on WJAR-TV, Feb. 11, 2019

Despite multi-factor challenges, high-end home sales continue to grow in Rhode Island. Every week, PBN Editor Mark S. Murphy appears on WJAR-TV NBC 10’s Coffee...
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The Birdhouse
70 Beacon Hill Road
Newport 
Price: $9,000,000
Date sold: July 30, 2018
Buyers: Judith S. and Jerry Sheindlin
Seller: Dorrance H. Hamilton Revocable Trust
Broker: Gustave White Sotheby’s International Realty (buyers and seller)
Year built: 2012
Bathrooms: 6 full, 2 half
Bedrooms: 6
Living space: 14,912 square feet
Previous price: Originally listed for $10,900,000. 
HOLDING COURT: Judy Sheindlin, of the syndicated TV show “Judge Judy,” and her husband, Jerry, purchased The Birdhouse at 70 Beacon Hill Road in Newport for $9 million last July, making it the most expensive home sale in Rhode Island in 2018.
 / COURTESY MICHAEL OSEAN

Despite multi-factor challenges, high-end home sales continue to grow in Rhode...

Despite the up-and-mostly down nature of the stock market in 2018, Rhode Island’s luxury real estate market showed no signs of slowing down. And...
RARE PROPERTY: Mary Philbin, an agent with Mott & Chace Sotheby’s International Realty, stands in the great room of a 3,600-square-foot, single-level, clapboard home set on 15 acres, abutted by conservancy land, in the Matunuck village of South Kingstown.  
 / PBN PHOTO/DAVID HANSEN

Requests for privacy are increasing among luxury buyers in R.I.

Luxury buyers want more than a beautiful view, modern kitchens and open layouts that allow them to carry on conversations across rooms with family...
WEATHER-RESISTANT: Jeff Sweenor, owner of Sweenor Builders in South Kingstown, points to the house that architectural designer Lori Foley has on screen that is located in South Kingstown and uses helical piers that screw down to bedrock and breakaway lower walls that let the water go right through. / PBN PHOTO/MICHAEL SALERNO

Fighting back vs. extreme weather

Weather-related damage from fierce hurricanes, flooding, storm surges and intensified UV rays does not discriminate between high-end or low-income housing. In Rhode Island, however, some...

Zoning reform alone won’t make housing affordable

During the past few years, it has become clear that housing affordability is a major challenge facing the U.S. Rent is consuming an increasing...

Seekonk residents vote down rezoning for multifamily use at Showcase Cinemas...

SEEKONK – Residents in a special town meeting voted down a proposed rezoning of land adjacent to a former Showcase Cinemas site, the Town...

R.I. HPI growth largest in New England

PROVIDENCE – Single-family home values in Rhode Island increased 7.4 percent year over year in December, the fastest growth in New England, according to...

Who Owns The Block?

Old Tower Hill Road | Albro Lane to Pershing Avenue SOUTH KINGSTOWN PBN RESEARCH AND PHOTOS/JAMES BESSETTE | PBN GRAPHIC/LISA LAGRECA
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