Former Chafee Family Estate Sells for Record Price for Warwick - $3.4M

Former Chafee Family Estate Sells for Record Price for Warwick - $3.4M

 

Mott & Chace Sotheby's International Realty announced the sale of 1128 Ives Road, Warwick, for $3,400,000. The sellers were represented by Judy Chace, Broker/Co-Owner, and Amy I. Doorley Lucas, Sales Associate, both of Mott & Chace Sotheby’s International Realty. The buyers were represented by Nicole Hofstetter of RI Real Estate Services.

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According to data from the Multiple Listing Service, this is the highest residential sale on record in the city of Warwick.

 

The legacy property was owned by the family of late U.S. Senator John Chafee and his wife Virginia.  He served as an officer in the United States Marine Corps, as the 66th Governor of Rhode Island, as the Secretary of the Navy, and as a United States Senator. His son, Lincoln Chafee was mayor of Warwick from 1993 to 1999, a United States Senator from 1999 to 2007, and the 74th Governor of Rhode Island from 2011 to 2015.

 

A unique dwelling designed by Thomas Handasyd Cabot Jr. of Boston, the home sits on high ground with sweeping views of conservation land of rolling meadows, a salt marsh, and a bending river. Set atop a slope to maximize the scenery, the home features six bedrooms, three bathrooms and just over 2,000 square feet of living space.

 

Also on the property features a gambrel-roofed barn topped by a charming cupola and four horse stalls below.

 

 

“I am thrilled to assist this wonderful family in the selling of this amazing property,” said Chace. “Its location on the water combined with the acreage makes it very unique.”

 

“This location is the perfect blend of town and country,” adds Doorley-Lucas. “I hope the new stewards of this home enjoy it as much as the Chafee family did.”