Historic Rhode Island Vanderbilt Estate, Sandy Point Farm, to Auction via Sotheby’s Concierge Auctions

The prestigious Vanderbilt Estate is Set to Auction in Cooperation with Kylie McCollough and Judy Chace of Mott & Chace Sotheby's International Realty

NEW YORK, NY, UNITED STATES, September 25, 2024 /EINPresswire.com/ -- A rare piece of American history, the iconic Sandy Point Farm, located in Portsmouth, Rhode Island, is set to auction next month via Sotheby’s Concierge Auctions. Once part of the sprawling 280-acre Vanderbilt estate, the historic property at 30 Sandy Point Farm Road will be auctioned in cooperation with Kylie McCollough and Judy Chace of Mott & Chace Sotheby’s International Realty. Listed for US$3.5 million, starting bids are expected between US$1 million and US$2 million. Bidding is scheduled to open on 17 October, and close on 31 October via the firm’s online marketplace.

Sandy Point Farm represents an iconic chapter of America’s Gilded Age. Originally designed by renowned architect A.S. Walker and completed in 1902, the estate was commissioned by Reginald Claypoole Vanderbilt, son of Cornelius Vanderbilt and grandfather to CNN's Anderson Cooper. During its peak, the estate was the center of Rhode Island’s high society and a premier location for horse breeding, social events, and lavish gatherings. The Vanderbilt legacy is infused throughout the property, with its grand architecture and attention to detail making it one of the most prestigious equestrian estates of its time.

The property’s equestrian facilities remain a highlight to this day. The estate features 24-stall stables, a 15,000-square-foot indoor riding arena, grooms' quarters, and a guest lounge. The main structure is built with premium materials, including 2’x24’ cypress beams, and showcases three distinct rooflines with cupolas that crown the 60-foot peak of the indoor riding ring. The estate's grandeur is further enhanced by its sprawling 6.15 acres, offering plenty of space for horse riding, expansion, or private enjoyment. Included in the sale are additional lots #187, #190, and #103, adding to the estate’s array of possibilities.

“Sandy Point Farm, in addition to its historic pedigree, is a world-renowned equestrian estate with a range of possible uses,” said McCollough. “We look forward to the auction process and the global interest for such a rare opportunity to own a piece of history.”

Portsmouth, Rhode Island, is a charming coastal town on Aquidneck Island, known for its scenic beauty, rich maritime history, and laid-back New England charm. With its peaceful waterfront setting, Portsmouth offers stunning views of Narragansett Bay and easy access to renowned attractions like nearby Newport. The town’s blend of coastal living, equestrian estates, and vibrant local culture make it an ideal destination for those seeking tranquility alongside a range of outdoor activities such as sailing, hiking, and exploring local vineyards.

“Not only is Sandy Point Farm an exceptional estate, but its location in Portsmouth is just as exquisite,” stated Chace. “The town’s serene waterfront views, close-knit community, and proximity to Newport create the perfect balance of tranquility and accessibility. Whether you’re drawn to the stunning landscapes of Narragansett Bay, the town's rich history, or its vibrant outdoor scene, Portsmouth truly has something for everyone.”

The property's idyllic location in Portsmouth offers buyers not only a chance to own a piece of history but also the opportunity to enjoy modern living with convenient access to Newport's vibrant dining, shopping, and cultural scene. As one of the last remaining vestiges of the original Vanderbilt estate, Sandy Point Farm combines historical significance with luxury potential, making it an extraordinary offering. This unique combination of rich heritage and luxurious modern living makes Portsmouth the perfect place to experience the best of Rhode Island’s coastal lifestyle.

Images of the home and lot can be viewed here. All photo credits should be provided to Paul Rocheleau, Meghan Sepe, PJ Dougherty, Ellery Yahiaand, and Sotheby’s Concierge Auctions.

As part of Sotheby’s Concierge Auctions' Key for Key^® giving program in partnership with Giveback Homes, the closing will result in funding towards new homes built for families in need.

Agents will be compensated according to the terms and conditions of the Listing Agreement. See Auction Terms and Conditions for full details.

For more information, including property details, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.

About Concierge Auctions
Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. Acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Anywhere Real Estate, Inc (NYSE: HOUS), the largest full-service residential real estate services company in the United States, Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry's leading brokerages to host luxury auctions for clients. For Sotheby's International Realty listings and companies, Concierge Auctions provides Sotheby’s brand exclusivity as Sotheby's Concierge Auctions. Since inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and sold properties in 46 U.S. states and 35 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key^® giving program in partnership with Giveback Homes™, which funds new homes for families in need from every property the company sells. For more information, visit ConciergeAuctions.com.

About Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby's auction house. Today, the company's global footprint spans 1,100 offices located in 83 countries and territories worldwide, including 48 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby’s International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby's International Realty, Inc. Both entities are subsidiaries of Anywhere Real Estate Inc. (NYSE: HOUS) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

Kari Hegarty
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Sandy Point Farm | Portsmouth, Rhode, Island