(April 4, 2011) Rhode Island, with its natural beauty, rich architecture, history, and cultural amenities, continues to attract buyers of significant homes and estates. 2010 was a record breaking year with ten properties selling between $5M and $10.5M. Lila Delman Real Estate was pleased to be involved with eight of these transactions and now in 2011 with the sale of the exceptional Gray Craig estate.
The buyers of Gray Craig, Pamela and Andrew Constantine, are proud to proceed with the established tradition of respectful stewardship and plan to continue the conservation and preservation undertaken by previous owners. They have a true appreciation of historic buildings and extensive experience in their restoration. When not enjoying the property themselves, they plan to make Gray Craig available for rental to those wishing to experience the beauty and tranquility of a seaside country estate.
“This is a significant sale in the context of the realities of today’s market. Rhode Island is positively impacted in that, as a previously somewhat undiscovered treasure, our high end properties present as a significant value relative to other northeast destinations. Buyers who have previously considered areas such as Nantucket or the Hamptons are delighted by the beauty and livability of a place like Newport that is also so accessible from New York and Boston,” states Melanie Delman, President, Lila Delman Real Estate.