Wetherledge
359 Highland Dr, Jamestown, RI 02835
Jamestown, Rhode Island, United States
Address
City: Jamestown
Neighborhood: Jamestown Shores
State: Rhode Island
Postal Code: 02835
Country: United States
Business facts
Estimated annual revenue~$374.7K
Estimated employees~2
In business since2021 (est.)
Estimate based on strong signals
Area statistics (02835)
Population5,554
Median household income$131,875
Source: US Census ACS
About
Wetherledge is a historic estate located on a high ledge in Jamestown, Rhode Island, offering stunning views of Narragansett Bay and Newport. The main house, built in 1889, served as a summer cottage and later as an officers club during World War II. The property is surrounded by the original Fort Wetherill, now a waterfront state park. Wetherledge is available for summer events and seasonal rentals.
💰
Price
$$$$
Market analysis
Earning around its category median in a growing category (Holiday Apartment Rental).
EstimateCategory trend: 2024, +5.1%
Revenue trend (modeled)
~$187.1K2019
~$189.6K2020
~$205.9K2021
~$231.5K2022
~$276.5K2023
~$374.7K2024
Modeled from official industry statistics+14.9%/yr since 201980% confidence band: ±42%
Property
Lot size3.22 acres
Land useSingle Family Home
CountyNewport
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Holiday Apartment Rental in Rhode Island | 12 | ~$4.6M | ~$387.0K | ~$375.5K | 5.0★ | 1.0× |
Category revenue trend2024: +5.1%2023: +4.1%2022: +9.8%2021: +6.5%Modeled from business-level estimates
Chain pressure10 chains expanding in this category, led by Douglas Manor, Elms Apartments, The Newport Lofts - 617 Thames Street (+22 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 3 | ~$2.4M | ~$798.0K | — | 7 | ~$804.0K | — |
| Real estate activities | 1 | ~$621.2K | ~$621.2K | — | 2 | — | — |
Estimate
Area conditions (02835)
Population5,554 ±33
Median household income$131,875 ±$38,136
Median home value$736,600
Bachelor's degree or higher0.7%
Unemployment rate0.1%
Source: US Census ACS