WATCH HILL — Lila Delman Real Estate has announced the sale of one of Watch Hill's "prized jewels," the 9-bedroom, 10,000-square-foot home at 10 Bluff Ave., for $17.6 million.
The Narragansett-based real estate brokerage said the sale was the highest-valued deal reported in the Rhode Island State-Wide Multiple Listing Service at least since 1993, and the second highest in state history. The neighboring mansion at 16 Bluff Ave., part of Taylor Swift's collection of properties, was a private sale in 2013 for $17,750,000.
Lori Joyal, sales manager and broker associate of Delman's Watch Hill office, represented the seller, the Kevin Wendle Family Trust of Los Angeles. The buyers, Paul Cappuccio and Matt Shea, residents of Greenwich, Conn., were represented by Donna Krueger-Simmons of the Watch Hill office of Mott & Chase Sotheby's International.
Kevin Wendle, a media entrepreneur and hotelier who spent weekends in Stonington when he was young, bought the house in 2013 for $9.75 million and renovated it with the help of the architectural and interior designer Giancarlo Valle.
In an article last year in Architectural Digest, the two men were said to have “deftly brokered a rapprochement between past and present, reimagining a stately 1903 ‘cottage’ with contemporary interiors laden with treasures of 20th- and 21st-century design.”
Joyal also represented the seller, the Nancy Linda King Revocable Trust, in the 2013 transaction, and was quoted in Delman's announcement as saying she was grateful "to have had the opportunity to work on such a significant trophy property not once, but twice — an absolute highlight of my professional career.”
According to its listing history, the house went on the market on May 6 for $18.9 million. The 3.2-acre property overlooks the Atlantic Ocean and has 160 feet of beachfront and a heated 15-by-50-foot outdoor pool.
According to the Westerly property card, the property is assessed at $12 million, with the land accounting for $8.5 million of the value.