Mott & Chace Sotheby’s International Realty Sells Most Expensive Vacant Lot in Portsmouth

Mott & Chace Sotheby’s International Realty is proud to announce the sale of 290 Frank Coelho Drive for $3,250,000. This picturesque lot offers nearly 700 feet of water frontage. The seller was represented by Kylie McCollough, Sales Associate of Mott & Chace Sotheby’s International Realty. Coastal Properties represented the buyer.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the highest land sale in Portsmouth ever recorded. This is also the highest land sale in Newport County since January 2020.

One of the largest and most beautiful undeveloped waterfront parcels in Newport County, the property consists of over eight acres of ocean view pastoral farmland and equestrian facilities. Picturesque private riding trails, two moorings by right, and a secluded beach make this property a coastal New England classic.

“It’s been a pleasure to represent this idyllic piece of Portsmouth,” says Kylie McCollough. “I look forward to seeing the new owners bring the property back to life by restoring the structures, maintaining the land as a farm, and honoring the rich history of the neighborhood.”

Agents of Mott & Chace Sotheby’s International Realty take a sophisticated and artful approach to marketing to unite extraordinary homes with extraordinary lives. Backed by the power of an exclusive luxury brand, the firm continues to raise the bar.

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from Rhode Island Statewide Multiple Listing Service through 10/01/2021.