Gustave White Sotheby’s International Realty announced the sale of ‘Quatrel,’ formerly known as ‘Fairbourne,’ at 673 Bellevue Avenue in Newport, Rhode Island. Built in 1853, the property sold for $5,995,000. The sellers were represented by Kate Kirby Greenman of Gustave White Sotheby’s International Realty. Edith Cushing of Re/MAX Professionals represented the buyers.
The estate’s storied past includes a complete renovation in 1903 by renowned architect Dudley Newton and designer Ogden Codman Jr. to enlarge and remodel the house in the Classical Revival style. In 1949, Louis and Elaine Lorillard, founders of the Newport Jazz Festival, bought the property and renamed it ‘Quatrel’ to reflect the four L’s in their names. Only the sixth family to own the property, the sellers undertook a massive restoration project in 2009, leaving no stone unturned to restore the home to its Gilded Age glory, winning the prestigious Doris Duke Historic Preservation Award.
The sale of this historic property is the fifth highest sale in Newport this year.
Paul Leys, co-owner of Gustave White Sotheby’s International Realty, stated “Gustave White Sotheby’s International Realty is pleased to have represented the sellers or buyers in five of the seven sales in Newport for over $5 million this year. In the same period in 2019, there were only two sales in this price range.”