Oceanfront Land in Little Compton sells for $7.8 million

12/04/12 by Residential Properties Ltd.

Little Compton, RI  – A significant portion of the unequaled oceanfront property known as Seaconnet Point Farm in Little Compton, RI has sold for $7,800,000 in the last week.  This is the highest property sale in Little Compton this year.  The transfer to the new owner consists of two separate parcels on Washington Road, titled Watch House and Carriage House for the structures on the land. Judy Chace of Residential Properties Ltd. sold the property.

The combined lots occupy 16.25 acres on the southwestern most tip of Little Compton.  From this vantage point are panoramic views of the ocean, islands, lighthouse, beaches, ponds, swans, meadows, harbor, marina, and sunsets.  Privacy is buffered by 46 protected acres.

Watch House's 11.7 acres boast a wholly private white-sand beach, a coastal pond, and a building site set 260 feet from the sea on a broad and level lawn over granite, perched above the 500-year floodplain with commanding views in all directions.  Carriage house is the next contiguous land up Washington Road away from the ocean.

More properties have sold so far this year in Little Compton than for all of 2011 and Ms. Chace has been involved in several of these.  She also sold the Seaconnet Point Farm’s “High Point,” which was part of the original estate, in October of 2011 for $3.15 million.  Of the Farm's 74.6 acres, 45.9 have been placed in permanent conservation with easement to these properties.  The local market is on track to have nearly a 47% increase in unit volume and should also exceed the town’s $907,238 average sales price versus last year.  

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