Narragansett's Most Expensive Listing: $16.9M Hits The Market

NARRAGANSETT, RI — The average home price in Rhode Island jumped 17 percent over the past year, according to the Rhode Island Association of Realtors. As of January, the median single-family home price was more than $290,000.

While nearly $300,000 man seems like a lot of money to most Rhode Islanders, the price of this Narragansett home puts the rest of the market to shame. At $16.9 million, it's Rhode Island's most expensive new listing.

• Address: 518 Ocean Rd, Narragansett, Rhode Island
• Price: $16,950,000
• Square Feet: 11933
• Bedrooms: 6
• Bathrooms: 7 Full and 2 Half Baths
• Built: 2016
• Features: Welcome to Sea Grace - your exclusive New England escape. This extraordinary Rhode Island residence on nearly 2 oceanfront acres boasts 12, 000+/-sf of exquisitely showcased luxury living. Specifically selected for its absolute privacy, this location was carefully chosen by the current owners to custom build a 6 bedroom - 7 full|2 half bath masterpiece with unprecedented craftsmanship and attention to detail. From the dramatic dining room to the breathtaking kitchen and inviting living rooms, this sensational estate boasts striking design and decor throughout. 145 windows display streaming natural light and mesmerizing views of the Atlantic Ocean and beyond. The sprawling lawn coupled with the expansive 5, 000+/-sf limestone terrace features spectacular entertaining space including an outdoor chef's kitchen, 36ft infinity pool, and brilliant water-fire feature. Sea Grace defines elegance and perfection. Once you see it, you'll want to stay.

This listing originally appeared on realtor.com. For more information and photos, click here.