Updated Aug 27, 2026
Alexander Clark & Kimberly Pedrick Purchase Condo In Westerly Rhode Island For $18.5M
1 Bluff Avenue
$18,500,000
$4,021/SF
Building Size
4,600 SF
Asset Type
Condo
Closing
Aug 14, 2026
About this deal
AI
A condo located at 1 Bluff Avenue in Westerly, RI has been sold for a price of $18,500,000. The condo spans across 4,600 square feet, resulting in a price per square foot of $4,022. This sale marks a record for Rhode Island as the priciest condo sale and the largest residential transaction of 2026 thus far.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $18,500,000
- Address: 1 Bluff Avenue
- Market: Westerly, RI
- Square Footage: 4,600
- Price Per Square Foot: $4,022
- Buyer: Alexander Clark & Kimberly Pedrick
- Broker: Bill Hecker - Berkshire Hathaway HomeServices
The transaction involved Alexander Clark and Kimberly Pedrick as the buyers. Bill Hecker represented them as the broker in this record-setting deal, contributing to the closure of an impressive sale in the luxury real estate market.
Players
Mechanicsville Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93