R.I.’s height of luxury: Demand remains as volume of high-priced home sales plateaus

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PRIME REAL ESTATE: The oceanfront mansion at 10 Bluff Ave., bottom left, in Westerly’s Watch Hill is located a short distance from the iconic beach hotel Ocean House, top left, and pop singer Taylor Swift’s vacation home, not pictured. / COURTESY MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY/PEARL MACEK
MAMMOTH TRANSACTION: The purchase of the oceanfront estate at 10 Bluff Ave. in Westerly for $17.6 million was the highest-priced residential sale in Rhode Island in 2019. It is located a short distance from the iconic beach hotel Ocean House, top left. / COURTESY MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY/PEARL MACEK
The appetite for luxury homes along the Rhode Island coast doesn’t seem to be waning, as evidenced by two transactions above the $10 million mark in 2019. But with the number of high-end sales plateauing in recent years, the question arises: Has the volume of Rhode Island’s luxury market reached its peak? For nearly a…

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