FOR SALE
$3.7m
Nantucket
This rose-covered, three-bedroom, oceanfront cottage overlooks Sankaty Lighthouse with breathtaking views,
and abuts Sconset Land Trust property Lee Real Estate (00 1 508 325 5800;
www.leerealestate.com)
Newport
Just to the west of Cape Cod, about 50 miles south of Boston, lies America' s smallest state, Rhode Island. It was here, in the former America' s Cup host town of Newport on the Narragansett Bay, that Jacqueline Bouvier married Senator John F. Kennedy on Sept- ember 12, 1953. But Newport had long been on the glamour map for smart north- easterners: it became the resort for wealthy socialites when, in the 18th century, the likes of the Vanderbilts and the Astors built large mansions along Bellevue Avenue, and referred to them nonchalantly as ` cottages' . What Newport has over the Vineyard and
Nantucket is direct access. ` We see ourselves more and more competing for the same second- home buyers,' explains Paul Leys, co-owner of Gustave White. ` But, at the end of the day, it' s more convenient: you don' t have to deal with the Cape Cod traffic and there' s no ferry.' Before, those who bought in Newport had a connection already, but, today, that' s not the case. ` Whether I' m dealing with a high- net-worth individual or someone with more modest means, everyone is much more geo- graphically flexible today than five years ago. We used to have a primarily Boston market, but, today, buyers are coming from all over.' Newport is more of a year-round destina-
tion than the Cape Cod islands, which, in the middle of February, are like ` ghost towns' . But one downside is that finding a house with a garden that leads onto the beach is hard.
` If they' re on the water' s edge, you can swim, but it' s often rocky,' explains Mr Leys. ` People
www.countrylife.co.uk/international
FOR SALE
$4.5m
Edgartown, Martha' s Vineyard
This four-bedroom house
and guest house sit in eight acres, and has been reduced from $4.85 million Caroline
Taylor Properties (00 1 508 627 2493;
www.carolinetaylorproperties.com)
tend to go to the public beaches instead.' The upside is that the market has something for everyone, with houses ranging from classic Portsmouth cottages for $300,000 to opulent estates at $20 million. The market also seems to be in better shape. ` We have seen a marked increase in interest and sales activity in the first quarter of 2010,' reports Melanie Delman of Lila Delman Real Estate. ` The consumers we encounter are value orientated and prop- erties are trading at great prices.'
FOR SALE
$18m
Ruggles Avenue, Newport
This Tudor-revival seven- bedroom estate enjoys 4.3
acres of Newport' s Gilded Age coastline. It comes with a six-bedroom coach house
Lila Delman (00 1 401 284 4820; www.
liladelman.com)
Country Life International, Summer 2010 63
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