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Eric Kirton Of Lila Delman Real Estate Represents Buyer In $7.819M Sale Of Oceanfront Estate In Jamestown

Property Image
SOLD
$7,819,000
Judy Chace
Erin Marsh
Eric Kirton

Rhode Island

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Single Family5,342 SF
Sold 03/14/2025
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Property Image
SOLD

Eric Kirton Of Lila Delman Real Estate Represents Buyer In $7.819M Sale Of Oceanfront Estate In Jamestown

597 Beavertail Road

See Similar Deals
Single Family5,342 SF
Sold 03/14/2025
Judy Chace
Erin Marsh
Eric Kirton
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$1,463
Total Square Footage:5,342 SF
Transaction Type:Sale

The property involved in the transaction is a single-family oceanfront estate located at 597 Beavertail Road in Jamestown, RI. The sale price was $7,819,000, and the estate encompasses 5,342 square feet, resulting in a price per square foot of $1,464. This residence, known as "Lion Head," is set on seven acres and features a classic stick-and-shingle design with five bedrooms and views of Newport Harbor.

Summary of transaction details:

This transaction was notably brokered by Mott & Chace Sotheby’s International Realty, marking the second-highest sale in the area for 2024.

Players

Eric Kirton
Lila Delman Real Estate
Eric Kirton
4 deals$30.6M volume
BROKER
Judy Chace
Sotheby's International Realty
Judy Chace
2 deals$10.1M volume(401) 207-9166
BROKER
Erin Marsh
Sotheby's International Realty
Erin Marsh
2 deals$17.6M volume(401) 225-4106
BROKER

Details

SOLD
IMAGE: 03/14/2025 ADDRESS: 597 Beavertail Road MARKET: Jamestown, RI ASSET TYPE: Single Family BUYER'S REP: Eric Kirton - Lila Delman Real Estate SELLER'S REP: Erin Marsh & Judy Chace - Sotheby's International Realty SALE PRICE: $7,819,000 SF: 5,342 ~ PPSF: $1,464 NOTE: Mott & Chace Sotheby’s International Realty brokered the $7.819M sale of 597 Beavertail Rd. in Jamestown, RI, marking the second-highest sale in the area for 2024. The oceanfront estate, known as "Lion Head," spans seven acres and features a classic stick-and-shingle home with five bedrooms and views of Newport Harbor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$417,013.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,779.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,066.05
Annual Debt Service$444,792.59