17 Meadowcroft Lane, a 1929 mid-country mansion with just 3.97 acres of its original land remaining, sold for $8.7 million in 2009, was extensively remodeled and redone and put back up for sale in 2010 at $10.795. Not a buyer in sight, it finally lowered its price to $8.5 million and struck gold in the form of two people who wanted the same thing. It went to contract in April and sold today for $9.391 million. Even at that, the sellers may well have lost a bit of money on this deal, but not much. Gotta love a bidding war.
All you need is a couple of millionaires told they can’t have what they want
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I am up in Newport Ri for the week and a friend– a real estate broker just listed a house at $7.9 million– they got 7 offers and it is under contract in the 8′s– ! some high end is moving
Great street, nice lot, but house not my favorite kind of architecture. Very heavy and masculine with so much dark wood; hard to decorate around but obviously two people felt otherwise.
It’s a beautiful home, I hope it stays, it’s a shame that the rest of the yard was sold off. The sellers are the ones who subdivided and sold off the rest of the land, right? If so, they should be okay.
I think it was the 2009 seller who did that ($6 million?), not this one but I’m not sure.
Now that the two new houses are finished, the street screams “I have size.”
Not surprised they got over ask.
I think there was a demolition sign on the property. One more piece of history bites the dust
I wouldn’t choose to live in the house – as another reader points out, it’s dark and kind of gloomy and to be honest, I don’t see much of a tragedy in destroying a 1929 bastardized copy of a 1500 house design. But still, $9.3 million for 4 acres of land? I wonder if the buyer is the owner of the six acres split off from this lot a few years ago. The restoration/reunification of the ten acres would make this purchase seem a bit more sensible, to me, than paying $2.3 for a four-acre lot.
Guess we’ll see.
whatever: Newport has been in the slumps forever – the house you are talking about, which I am guessing is 31 Ridge, is unusual to sell so fast. Other high end homes, even others in the same price range, sit. One, on Ledge, started at a stupid $12,5 and is “down” to $7.9 with no takers. There are many high end houses in tonier Jamestown languishing, unsold for years. And the development in Portsmouth, Carnegie Abbey Estates – yowsa – you can’t GIVE those houses away, and some of them are drop-dead gorgeous! RI as a state is struggling financially and is horribly governed. I hope your friends are the happy sellers…..and you are there helping them pack to leave the state, fast!
I, too, recently heard that this gorgeous house was being torn down, as Ill-logical posts. Chris, can you verify?
I’ll be up on Clapboard Ridge tomorrow to see a new listing (#80, $6.495, 9,000 sq. ft. of 1988 construction, might be interesting, might not) and I’ll swing by the place to see.
Confirmed that this gorgeous structure is posted for DEMOLITION. A protest will be lodged.
I don’t share your enthusiasm for mock Tudor, but there you have it.
I’m sure some foreign investors have purchased it to blow it down and put up a mammoth monster in it’s place. We call the new architecture “21st century Russian” – just look at the overwrought piece of ugliness next to it.
You say Russian, I say Westchester, but the ugliest house I believe I’ve ever seen was a (huge) brick cube built by Lebanese friends down in D.C. suburb. They were proud of it and loved it and I would never have tried to tell them otherwise. Regardless of the nationality of the Meadowcroft property, I’m sure you’re perfectly safe predicting that its replacement will be large.
NEWGOTECTURE
Subset: Ego Temples