The Evanson, Ill, Wayne Family Trust paid $7.8 million for the 16.25 acres of ‘Seaconnet Point Farm West” on the southwest tip of Sakonnet Point. The property consists of the 11.7-acre Watch House property, once the summer home of journalist Henry Demarest Lloyd, and the adjoining Carriage House property.
Both are on the west side of Washington Road and as beautiful place as can be found in the region, said Judy Chace, broker associate for Residential Properties Ltd., who sold the property.
“It is such a magical place,” she said — “You drive down that lane and you enter another world with views out to the Elizabeth Islands and the Atlantic. “I’m happy that such a wonderful family will enjoy this property.”
She said the Wayne family intends to use the property as a family compound.
The waterfront Watch House property includes a wholly private white-sand beach, a coastal pond and a building site set on a grassy lawn atop granite ledge 260 feet back from the ocean.
“From this vantage point are panoramic views of the ocean, islands, lighthouse, beaches, ponds, swans, meadows, harbor, marina , and sunsets. Privacy is buffered by 46 protected acres,” says the website listing the property.
It also has a history.
It was here that Henry Demarest Lloyd built his Watch House, an 1896 shingled summer cottage of 42 rooms from which he could watch out over Round Pond to the northeast; Cuttyhunk Island; Gay Head on Martha’s Vineyard and, lying just offshore, East Island, the Clumps and West Island. The house was demolished in the 1950s.
The military held some of the point property during World War II and used it for observation and radar posts meant to protect the coast against attack by Nazi vessels. The late Carl Haffenreffer and his wife Carolyn Hsaffenreffer, also former owners of the Sakonnet Lighthouse, created Seaconnet Point Farm and raised prize cattle there
This is the most expensive property sold in Little Compton his year; more properties have sold so far this year in town than for all of 2011 and Ms. Chace has been involved in several of these. She also sold the Seaconnet Farm House, which was part of the original estate, in October of 2011 for $3.1 million. Of the farm’s 74.6 acres, 45.9 have been placed in permanent conservation with easement to these properties.
Ms. Chace said she found it interesting that three sales involving the former Seaconnet Point Farm property have gone to mid-westerners — This most recent to an Evanston, Ill., family, and two previous parcels to buyers from Lake Forest, Ill., and Cincinnati, Ohio.
The Little Compton real estate market is on track to have nearly a 47% increase in unit volume this year and should also exceed the town’s $907,238 average sales price versus last year.