Continuing its strategic expansion into Rhode Island’s most coveted coastal markets, Residential Properties Ltd. has officially announced the opening of its newest office in Westerly’s historic seaside village of Watch Hill. Located at 124 Bay Street, this 10th RPL office strengthens the company’s presence in South County and extends its signature luxury real estate services to the southwestern tip of the state and into neighboring Connecticut.
The grand opening marks the culmination of a powerful momentum shift in the local market. In 2025, Residential Properties welcomed a group of 13 top-producing area agents who transitioned to the company from the Compass Watch Hill office (formerly Randall, Realtors). The spectacular growth and local success of this established group over the past year has paved the way for this permanent, physical storefront in the heart of the village.
“Expanding our footprint with an office in Watch Hill is a natural and exciting progression for Residential Properties,” RPL President & CEO Sally Lapides said. “When this incredible group of 13 local experts joined us last year, our mission was to grow our presence in areas like Westerly and Charlestown. At last, we are seeing their dedication and our resources come together in this spectacular new office. Watch Hill is a unique market with an extraordinary coastal heritage, and we are thrilled to have a local home base to serve this community.”
The new Watch Hill location marks the latest addition to Residential Properties’ broadening regional network. With growing reach into nearby communities such as Stonington and Mystic just over the Connecticut line, this expansion further cements the company’s status as the region’s premier independent real estate leader. The office will be anchored by a roster of esteemed local professionals: Susan DeMovick, Elizabeth Douthit, Dottie Nigrelli, Lauren Nigrelli, Thomas Nigrelli, Elizabeth Masterson, Serene O'Connor, Sally Owen, Amy Randall, Nancy Richmond, and Carol Viccione. As a woman-owned, family-run, independent brokerage, Residential Properties leverages its full-time, in-house marketing, innovative technology, and nimble practices to give these agents an unparalleled edge in the local luxury shoreline landscape.
“More than just a workspace, this office is a welcoming space where clients can drop in, connect with our agents, and discuss their real estate goals,” said Michele Brais, Manager of RPL’s Watch Hill office. “Opening this new office right here in the village allows us to work together in a beautiful collaborative environment with all the additive support, regional reach, and global marketing power that RPL provides. We are so proud to be an active part of the Watch Hill community and look forward to welcoming neighbors and friends to 124 Bay Street.”
In January 2025, Residential Properties welcomed Island Realty, a highly respected brokerage of eight experienced sales associates, establishing the firm's ninth office in Jamestown. What followed was nothing short of extraordinary! In just 12 months, Residential Properties achieved market leadership in a community where it previously had no physical presence. According to State-Wide MLS data:
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RPL was #1 in Jamestown for both Sales Volume and Units Sold in 2025
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More than 1,000% growth in market share compared to 2024
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73% higher sales volume than the nearest competitor, Compass
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32% increase in average sales price year over year
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21% increase in overall sales volume year over year
Far from gradual growth, this market leadership was achieved in under one year. By combining a highly personalized, relationship-driven approach with best-in-class marketing, technology, and support resources, RPL quickly became an integral part of the Jamestown community.
With a proven strategy of investing locally, building authentic relationships, and delivering exceptional service, Residential Properties Ltd. has built the roadmap for successful expansion into Westerly and beyond.
*Information based in whole or in part on data supplied by State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from State-Wide MLS as of July 2026.
