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Luxury Homes for Sale in Rhode Island

Flashback to the beginning of the pandemic when people were in lockdown surfing the net for home eye candy. Viewing luxury homes takes us into a virtual dreamland.

Luxury Homes for Sale in Little Rhody

According to the Boston Globe, in 2021 the 5 most expensive luxury homes were sold in Newport, Rhode Island.

From Bellevue to Ocean Avenue, each of the top sales in Rhode Island took place in Newport

The prices range from $16 million to $30 million. In fact, this $30M sale is more than double the state’s most expensive home sale in 2020, which was $14.3 million for 00 Indian Ave. in Middletown.

Luxury Home Market Pricing

As reported by the median luxury threshold2 price is $950,000, and the median luxury home sales price is $1,383,950. Regarding luxury home buying in Rhode Island, we find that out of staters helped drive the luxury market in 2021.

Just 11 minutes away from Newport we took a quick look at Jamestown. While searching for homes currently for sale in Jamestown, we found a beautiful home designed by award winning architect James Estes. To learn more about Estes Twombly + Titrington Architects Inc., located in Newport, RI,  you can visit this link. This home is priced at a mere $1.2 million dollars falling slightly lower than the median luxury real estate market. 

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Current Market Snapshot of Beavertail in Jamestown, RI

Newport Homes for Sale over 1.5M

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The Dias Team