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Rhode Island Penthouse Sells for Record $18.5M, Near Taylor Swift's Estate

market-auction · 2026-08-14

In Watch Hill, Rhode Island, a penthouse at the Ocean House resort was sold for $18.5 million, establishing a new state record for condominium sales. This transaction, finalized this month, represents the most significant residential sale in Rhode Island for 2026, exceeding the $16 million Newport estate sold in January. The buyer, Alexander Clark, CEO of Technolutions, acquired the property alongside partner Kimberly Pedrick. Spanning almost 4,600 square feet, the penthouse boasts two living rooms, a formal dining area, and a terrace measuring nearly 2,200 square feet. Ownership includes membership to the Ocean House Club. This sale ranks as the fourth-highest residential transaction in Rhode Island since 2021, with Bill Hecker facilitating both sides.

Key facts

  • Penthouse at Ocean House in Watch Hill, Rhode Island sold for $18.5 million.
  • Sale is the most expensive condo sale ever recorded in Rhode Island.
  • Largest residential sale in Rhode Island in 2026, surpassing a $16 million Newport estate.
  • Buyer: Alexander Clark, founder and CEO of Technolutions, with partner Kimberly Pedrick.
  • Penthouse spans nearly 4,600 square feet with a 2,200-square-foot terrace.
  • Ownership includes Ocean House Club membership.
  • Listed in February, under contract in July, closed this month.
  • Agent: Bill Hecker of Berkshire Hathaway HomeServices New England Properties.
  • Sale is fourth-highest residential transaction in Rhode Island since 2021.
  • Ocean House built in 1868, featured in 1916 film 'American Aristocracy'.
  • Taylor Swift's estate High Watch nearby, bought in 2013 for $17.75 million.
  • Swift held bachelorette party at High Watch in June 2026.

Entities

Artists

  • Taylor Swift
  • Douglas Fairbanks
  • Rebekah Harkness

Institutions

  • Ocean House
  • Ocean House Club
  • Technolutions
  • Berkshire Hathaway HomeServices New England Properties
  • Robb Report

Locations

  • Watch Hill
  • Rhode Island
  • New Haven
  • Newport
  • Atlantic Ocean
  • Little Narragansett Bay
  • United States

Sources