Portsmouth's Stone Bridge Marina Sold for $1.1m

Stone Bridge Marina has sold for $1.1 million after attracting much attention as the only marina for sale in Rhode Island before it went off the market last month.

The property’s sale was announced by Lila Delman Real Estate. Sales Associate Gregory Arakelian was the listing agent and said the marina is an “underutilized asset with 3 income streams and the eastern-most residence on Aquidneck Island, providing unobstructed north, east, and southern waterfront views. The Stone Bridge Marina is a close driving proximity to Boston, and easy access from Sakonnet River to world class yachting destinations like Newport, Martha’s Vineyard, and Block Island.”

The property sold on April 13.

Along with the marina, the property includes a three-bedroom contemporary house that was built in 2004 and includes high ceilings and large bay windows that offer commanding waterfront views.

The property, located at 17 Point Road, has an assessed value of $765,100, according to town records.

According to Lila Delman, the seller was Stonebridge Marina LLC and the buyer was Stone Bridge Holdings LLC. Stonebridge Shellfish Co. leases the first floor of the building.

Stone Bridge Co-Owner Bruce White will manage daily operations of the marina. He formerly managed Westwind Marina in Newport and is the general manger at St. Thomas Yacht Club in St. Thomas.

Photo Courtesy: Lila Delman