Newport County, RI, August 2016 – Gustave White Sotheby’s International Realty announced the sale of a waterfront property at 179 Indian Avenue in Portsmouth, Rhode Island, for $2,000,000. The transaction represents the highest sale in Portsmouth this year.

The property, in a desirable area along the Sakonnet, features single-level living and a beach on almost two acres. Renovations in 2007 resulted in a large open living area with 2,590 square feet and a gourmet kitchen, with a lower-level guest space and private patio. An expansive waterfront deck looks over nearly 190 feet of water frontage.

Jay Serzan and Jose Aguon of Gustave White Sotheby’s International Realty represented the seller and Dina Karousos and Nicki Lucenti, also with Gustave White Sotheby’s, brought the buyer.

“Since January, Portsmouth, Rhode Island, real estate has seen five sales over one million dollars, two of which were Gustave White listings,” commented co-owner Paul Leys. “The sale of this Indian Avenue property provides evidence that the luxury market, in locations such as Newport and its surroundings, is very active.”

About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 80 years as a leader in the luxury market and became Sotheby’s first affiliate in 1976. Gustave White is also the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848-6706 or at [email protected] for more information (http://www.gustavewhite.com/eng)

About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational, and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.