Wildacre Estate Sold For $14 Million

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Updated: September 11, 2013
Wildacre, Newport RI.

Moving on up!

Wildacre has been sold for $14,000,000 to an entity known only as Ocean 310 LLC.

The former Newport, RI home of Campbell’s Soup heiress Mrs. Dorrance Hamilton, Wildacre, was originally on the market with a listing price of $15,750,000.

Built in 1902 as a summer estate for Albert H. Olmsted, a Hartford based banker, “Wildacre” is a brilliant collaboration by Irving Gill, a San Diego based architect and renowned landscape architect Frederick Law Olmsted. An intriguing Shingle-style with Asian and Arts and Crafts elements, the dramatic massing of the house with its steep peaks and gables fits perfectly into the rugged site with granite outcroppings overlooking Price’s Neck Cove and the Atlantic Ocean.

“Wildacre” was purchased by Mrs. Hamilton in 1997. Since then the magnificent gardens and residence have been restored to perfection with modern amenities including a private dock. Based on original Olmsted blueprints and design strategy, architect Madison Spencer “created a series of terraces secured by stone walls that bow at the neck of the cove in order to shield a new infinity-edge pool which falls away to breathtaking views of the ocean beyond.”

The recipient of numerous awards including: Rhode Island Historical Preservation & Heritage Commission Honor Award; Newport Historical Society Award; and the nomination in 2002 to the “Classicists 100”. Wildacre is listed on the National Register of Historical Places.

Paul A. Leys, co-owner of Gustave White Sotheby’s International Realty, commented “We haven’t seen a property of this caliber offered on this coveted stretch of Newport’s oceanfront in decades. We are delighted to present this phenomenal property to the market.”

The 14 room, 8,100 square foot mansion was listed with Michelle Kirby