Miramar sold for $ 27 million

Gustave White Sotheby’s International Realty has announced the sale of “Miramar” at 646 Bellevue Avenue in Newport, RI. The seller was represented by David Huberman of Gustave White Sotheby’s International Realty. The buyer, Blackstone Chairman and CEO Stephen Schwarzman, was not represented.

Located on Bellevue Avenue, ‘Miramar’ is one of Newport’s finest golden age mansions and one of its largest private homes with an oceanfront setting offering panoramic views of Rhode Island Sound and the Atlantic Ocean.

In 1912, George D. Widner of Philadelphia commissioned architect Horace Trumbauer to design a summer cottage for his family. Trumbauer had designed several important buildings in Philadelphia as well as ‘The Elms’ in Newport, his design for ‘Miramar’ was a neoclassical style

Small French palace built in limestone inspired by 18th century French architecture. Covering more than 8 hectares, the land was designed by the French landscape architect Jacques Greber, who landscaped the gardens of the large parterre facing Avenue Bellevue.

In April 1912, the Widener family returned from a stay in Paris where, among other things, they were looking for furniture and decorative items for their Newport home. They were on board the RMS Titanic.

In the early morning hours of April 15, 1912, Eleanor Elkins Widener and her maid boarded one of the lifeboats after the ship struck an iceberg. Her husband, George, and her son, Harry, did not survive. Upon her safe return to America, the widow Mrs. Widener continued plans for her Newport home, named “Miramar” (Spanish for “sea view”) in memory of her husband. Eleanor then donated the money to Harvard University to build the Harry Elkins Widener Memorial Library in memory of her son who was a Harvard alumnus and avid collector of books.

Listing agent David Huberman of Gustave White Sotheby’s International Realty said: “Miramar is a unique opportunity to own one of Newport’s most spectacular estates. The design, construction, setting and historical pedigree of this property are second to none. From the private entrance through its elaborate doorways, to the flow through arched doorways of formal dining rooms to grand ballrooms to its exquisite oceanfront patio, it offers grandeur and an opportunity to own a piece of it. story that cannot be recreated. Its most recent owners had undertaken a detailed survey and conservation of the estate with an international team of conservation consultants and advisers. Exterior stone cleaning, repointing, roofing and balustrade work, a new geothermal heating and cooling system, interior paint analysis, tree maintenance and much more have been implemented, bringing the house and grounds back to Mrs. Widener’s original vision. and its design team.

Stephen A. Schwarzman is President, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $ 684 billion in assets under management. Schwarzman’s net worth is said to be $ 33 billion.

This historic sale follows the sale of Clarendon Court for $ 30 million, making it the highest ever sale price for a private home in Rhode Island.

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