Updated May 21, 2025
Eric Kirton Of Lila Delman Real Estate Represents Buyer In $7.819M Sale Of Oceanfront Estate In Jamestown
597 Beavertail Road
$7,819,000
$1,463/SF
Building Size
5,342 SF
Asset Type
Single Family
Closing
Mar 14, 2025
About this deal
AI
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:
- Property Type: Single Family
- Transaction Amount: $7,819,000
- Address: 597 Beavertail Road
- Market: Jamestown, RI
- Square Footage: 5,342
- Price Per Square Foot: $1,464
- Buyer's Representative: Eric Kirton - Lila Delman Real Estate
- Seller's Representatives: Erin Marsh & Judy Chace - Sotheby's International Realty
This transaction was notably brokered by Mott & Chace Sotheby’s International Realty, marking the second-highest sale in the area for 2024.
Players
Jamestown Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93