Home Editorial and Op-Ed Waterfront is king, but $1M homes are everywhere in R.I.

Waterfront is king, but $1M homes are everywhere in R.I.

TOP END: This Newport property known as The Bird House sold for $15.3 million, the highest-priced sale in the state last year. 
COURTESY GUSTAVE WHITE SOTHEBY’S ­INTERNATIONAL REALTY
TOP END: This Newport property known as The Bird House sold for $15.3 million, the highest-priced sale in the state last year. 
COURTESY GUSTAVE WHITE SOTHEBY’S ­INTERNATIONAL REALTY

Not too long ago a $1 million home sale would almost assure that the property had a water view or was the centerpiece of an exclusive neighborhood. It’s been several years, however, since that was a safe assumption. As this week’s cover story reports, strong demand for luxury properties and limited supply in the Ocean

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