Newport’s “Swinburne” Sold

FOR IMMEDIATE RELEASE
Newport, Rhode Island, United States of America (Free-Press-Release.com) December 22, 2011 -- Newport, Rhode Island (November 30, 2011) Gustave White Sotheby’s International Realty has brokered the sale of “Swinburne”, located at 115 Pelham Street in the Historic Hill neighborhood. The Newport, Rhode Island property sold for $2,775,000.

Realtor Jay Serzan was the selling agent and noted, “The buyer was attracted to the home’s quiet elegance and its convenient location close to downtown Newport and the harbor, Bellevue Avenue and Broadway”. He added, “This is an example of a quality property in good condition fetching an excellent price in a difficult coastal real estate market”.

“Swinburne” is sited on a half-acre lot with a 6,100 square foot main house and also offers guest quarters above a two car garage. The Greek Revival house was built in 1860 and sits across from Touro Park. It was the one time home of William Swinburne, a nineteenth century Mayor of Newport.

The property was originally priced at $3,590,000.

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 is the sole Sotheby’s affiliate for Rhode Island and 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 pleys@gustavewhite.com for more information visit: http://www.gustavewhite.com.

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.

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