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Monday, August 31st, 2009

Gray Craig: Property of distinction

UPDATED: Gray Craig is no longer for sale.

There are large, expensive chunks of real estate – and then there is property of true distinction. There is no doubt into which category Gray Craig falls.

This gorgeous estate, located in the prestigious neighbourhood of Middletown, Rhode Island is only a short drive from the centre of Newport and is one of the most charming properties currently on the market on America’s East Coast.

Modelled on a traditional British estate Gray Craig is set in 27 acres bordering the Norman Bird Sanctuary, which includes lawns, landscaped gardens, wooded areas and rural pasture. It also has a large swimming pool.

Having been fashioned from textured brick and stone the house has a Northern European appearance and its elevated position offers extensive views of the Atlantic.

This is a property with a fascinating recent history; when it was sold in 2000 to Mark J. Levin, CEO of Millennium Pharmaceuticals Inc. for $10.85 million, it set a record as the highest price paid for a single residential property in Rhode Island.

Now it is owned by actor Nicolas Cage, scion of one of Hollywood’s most prominent filmmaking dynasties: Cage’s uncle is revolutionary movie director Francis Ford Coppola, his cousin Sofia directed the Oscar-winning Lost in Translation while his late grandfather, Carmine Coppola, was one of American film’s most distinguished composers.

This illustrious pedigree is reflected in Gray Craig’s numerous features and facilities. Containing twelve bedrooms and ten full bathrooms, this 2,291m2 property is nothing if not spacious, with attractive features such as a library, a stunning gourmet kitchen, a formal living room with extensive sea views, a billiard room and a large hallway with an impressive sweeping staircase.

The house has undergone some recent upgrades and improvements, which have been carefully undertaken to improve the property without in any way undermining its essence. The new owner of Gray Craig will be able to enjoy an advanced climate control system, a modern gym and heated garages in addition to the house’s original features.

This estate affords its residents the highest levels of privacy, some of the best views on Rhode Island and a spacious home par excellence.

Gray Craig is one of Rimontgó’s finest marketed properties and has recently reduced its price to $12,000,000. A fantastic opportunity for this one of a kind property.

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