Home Subscriber Only Cover Story Despite multi-factor challenges, high-end home sales continue to grow in Rhode Island

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

By

James Bessette

-

02/08/2019

1  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 — 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 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 the overall outlook for this year continues to be bright. A decade after the Great Recession put Rhode Island in an economic vice grip and sales of homes with a price…

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