PROVIDENCE – The historic Thomas Poynton Ives House at 66 Power St. in the College Hill historic district has been sold for $5.5 million, making it the largest residential real estate deal in the city’s history, according to Residential Properties Ltd.
“I am honored and privileged to have been able to represent the sale of this significant property – one that holds such a strong place in American history and in the founding of our capital city, state and nation,” RPL sales associate Jim DeRentis said on Monday. “This is the first time this home was offered for sale outside of the family since it was built in 1803. It is comforting to know that this property will be in the hands of a strong steward that will preserve and protect it for years to come.” Residential Properties served as representatives for both the buyer and seller.
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The 11,245 square-foot, Adamesque-Federal style home with 12 bedrooms and six bathrooms was built from 1803 to 1805 on 2 acres by Caleb Ormsbee. Designated a National Historic Landmark in 1970, the single-story circular porch with Ionic columns leads to the main doorway topped by an elliptical fanlight. The 10-foot-wide center hall with Adamesque woodwork showcases a main staircase spiraling upward.
The home’s library was designed by Leon Marcott & Co of New York for Moses Ives in the 1870s, when an oval west wall was added and the room was finished in black walnut. There is a private smoking room at the back, while multiple sets of French doors off the library that step out to the rear terrace and grounds.
The cobblestone motor court leads to a carriage house with an upstairs in-law apartment offering an eat-in kitchen, living area and bedroom.
The home’s location is steps away from Benefit, Wickenden and Thayer streets, while the campuses of Brown University and Rhode Island School of Design and the train station are all in walking distance.
It is unclear who the home’s new owner is. According to city property records, East Providence lawyer Jeffrey A. St. Sauveur was the trustee of the property.
The city had valued the home at $3.2 million, according to property records.
