MIDDLETOWN – A shingle-style contemporary home that was built in 1988 but remains under renovation recently sold for $5 million in Middletown, making it the most expensive residential sale in the town this year, according to Mott & Chace Sotheby’s International Realty, the luxury real estate firm that represented the buyer.
Calling it a “New England masterpiece,” Mott & Chace said the renovation of the 43 Ashurst Ave. property is set to be completed by October by luxury developer Vento Management LLC.
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The home, which has an ocean view, is located on 1.2 acres of land in the Easton’s Point neighborhood, features multiple balconies and decks facing the water.
According to town assessor records, the three-story house includes four bedrooms, three full bathrooms and two half-bathrooms. In the backyard, there’s a 684-square-foot pool and a 452-square-foot patio, property records show. There’s also a two-car garage, and the home features a towering chimney.
The 4,482-square-foot house was originally custom built by Kirby Perkins Construction, which is based in Middletown.
The property was last assessed by the town in 2020 to be worth $1.49 million, according to public records. It wasn’t immediately clear who the property was sold to, but town records show that the home was owned by Jane Corcoran since 2006.
Marc Larocque is a PBN staff writer. Contact him at Larocque@PBN.com. You may also follow him on Twitter @LaRockPBN.
