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Whale Rock Private Estate Sells for $3,505,000, Marking the Third Highest Sale in Narragansett Year-to-Date

 

Residential Properties Ltd continues to dominate the Narragansett luxury market with extraordinary sales in 2020. 88 Cormorant Road in the exclusive, coastal enclave of Whale Rock was sold for $3,505,000. Residential Properties Ltd was both the listing and the selling company in this transaction. Janet Kermes, Sales Associate, represented the seller and facilitated for the buyer. 

This represents the third-highest sale in Narragansett year-to-date, according to data from Rhode Island MLS.* In April of this year, 30 Seagate Drive closed for $4,450,000 marking the highest sale in Narragansett year-to-date, Janet Kermes represented the buyer in that transaction. 72 Cormorant Road sold earlier this year for $2,950,000. Janet Kermes, Sales Associate, represented the seller and facilitated for the buyer in that transaction. 

Residential Properties Ltd. maintains the highest market share of sold properties in Narragansett over $1,000,000, year-to-date,* according to data from Rhode Island MLS.

“The extraordinary desire for our beautiful Rhode Island coastal properties continues to rise as evidenced by the overwhelming demand,” commented Janet Kermes. “This home was designed with exquisite detailing, and the views of the ocean are incredible.” 

Dorbay, a classic seaside New England stone and shingle home completely redesigned, expanded, and reconstructed in 2014, is sited on 8.5 acres in the exclusive, coastal enclave of ‘Whale Rock’, consisting of over 140 acres, the majority of which has been preserved by The Nature Conservancy and US Fish and Wildlife. Graced with 4,156 square feet of understated elegance, Dorbay provides a wonderfully expansive residence that includes six bedrooms, five and two half baths, three fireplaces, a detached four-bay garage, an in-ground pool and a large courtyard. Dorbay retains its charm of the past while blending modern amenities of today, offering privacy and sweeping views of the Atlantic Ocean. 

Sales Associate Janet Kermes has consistently dominated the Narragansett luxury market and is currently ranked #1 in 2020 as top individual producer with over $27M in sales year-to-date, more than three times the sales volume of the next closest competitor. Janet herself has 12% of the market share in Narragansett overall, and that percentage climbs to a staggering 27%, when focusing on the luxury market alone, according to data maintained by Rhode Island MLS.*

Janet Kermes has over 15 years of experience as a top-selling agent in South County. With over $110 million in overall sales volume over the past decade, Kermes is the #1 sales agent in Narragansett. Janet has earned a strong reputation in the luxury market, having closed the highest sale in Narragansett history in August 2018 for $8.2 million[1]. To find out more about Janet and view her current listings, visit her bio page at ResidentialProperties.com.

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    “At RPL, our mission is to build lasting success through strong, meaningful relationships - with our clients, colleagues, and community. We believe that true achievement in real estate comes not just from sales, but from the trust and connections we cultivate every day.”

    Sally Lapides

    President • CEO