Hogan Associates today announced the December 4th, 2020 sale of the Penthouse at Bancroft on the Bluffs, 575 Tuckerman Avenue, Unit 7, Middletown, RI for $2,500,000.
It was Middletown’s highest condominium sale of the year and Aquidneck Island’s second-highest condominium sale of the year, according to Hogan Associates.
Leslie Hogan of Hogan Associates represented the Sellers, and Ryan Hazinakis of Keller Williams represented the Buyers.
The Bancroft penthouse occupies 2 floors on the southeast corner of the shingle style mansion. Arresting, 270-degree, ocean views extend from 2nd Beach all the way to Newport’s Cliff Walk. An octagonal turret room with folding glass Nano Walls opens to an oceanside porch overlooking the Chinese garden and bluffs below. The condo is just under 4,000 s.f. with 4 bedrooms and 4 and ½ baths. An energy-efficient geothermal system heats and cools the building. A walkable path to the water at the edge of the manicured grounds enhances the appeal.
John Chandler Bancroft built the original summer “cottage” in 1885. Bancroft, a wealthy businessman, artist and art collector, hired the most talented professionals of his day – Architect William Ralph Emerson designed the handsome shingle style estate, and Frederick Law Olmsted, creator of New York’s Central Park, created the stunning Chinese garden on the rocky bluffs above the water. This marvelous home was a favorite haunt of local artists who congregated there to paint and socialize. Stained glass artist William LaFarge, Thomas Eakins and other artistic luminaries were frequent visitors to Bancroft House. In 2006, the property was transformed into luxury condominiums. Today, there are 9 private residences.
“It was no surprise this property sold quickly,” commented listing agent, Leslie Hogan in a statement, “The Bancroft estate is exceptional, and the penthouse is the jewel in the crown.”