Multimillion Dollar Jamestown Sale Signals Luxury Market 'Heating' Up: Realtor

JAMESTOWN, RI—"Firstlight Cottage" on East Shore Road has sold for $4.5 million, according to Lila Delman Real Estate International. That's the second highest price (year-to-date) for a waterfront Jamestown home, according to figures from the statewide Multiple Listing Service. Cynthia Moretti, broker associate, represented the seller and believes this sale reflects a trend.

“It has been very exciting to experience the increased activity in the luxury market and the renewed confidence of high-end buyers investing in our beautiful coastal properties,” she said.

Located at 320 East Shore Road, “Firstlight Cottage” is sited on 3.42 acres with sweeping water views of the East Passage of Narragansett Bay and 150 feet of beach frontage. Measuring 6,500 square feet across three levels, the house has five bedrooms, five and one-half baths, two full kitchens, a one-bedroom guest residence, a pool and a mooring.

"On April 13, Lila Delman Real Estate International sold 1088 East Shore Road for $5.75 million, marking the highest single family home sale in Jamestown since June 2013 and the second-highest single family home sale in Rhode Island year-to-date, according to data from the Rhode Island Statewide MLS," the realtor said.

Courtesy Photo: Lila Delman Real Estate International