Feroce’s Newport Mansion Sold at Auction for $4.175 Million, SEE Interview on GoLocal LIVE

Thursday, September 28, 2017
GoLocalProv Business Team

Giovanni Feroce
Giovanni Feroce's Newport mansion was sold at a bank auction for $4.175 million and was purchased by Coastway Community Bank — the bank that held the mortgage on the property.

SEE SLIDESHOW OF WYNDHAM ESTATE BELOW

Feroce tells GoLocal he is completely focused on building his apparel and watch company. 

SEE GUEST MINDSETTER™ BY FEROCE

Feroce, the former CEO of Alex and Ani and now the CEO of BENRUS, purchased the house just a few months before leaving Alex and Ani in March of 2014.

He purchased Wyndham Estate in January of 2014 — it is one of the most coveted Newport mansions. He paid $6.8 million dollars in cash and later took out a mortgage to help finance BENRUS.

Feroce, who grew up in West Warwick in a three decker,  was not the first controversial owner of the house. 

Wyndham Estate
The home was designed by architect William Ralph Emerson, a cousin of Ralph Waldo Emerson. Beyond his work in Newport, he worked with fellow Boston designer Frederick Law Olmsted on the creation of the National Zoo in Washington, D.C., designing several of the zoo's first buildings.

The mansion was built for Rose Anne Grosvenor, a philanthropist from Providence. Another previous owner of note was former New England Patriots' owner James Busch Orthwien. He was chairman of one of the country's largest advertising agencies and a major shareholder in Anheuser Busch.

Boasting 12,175 square feet and three floors of living space on 11.72 acres of property, Wyndham Estate sits atop the highest point of Newport.

Seven bedrooms, seven bathrooms, nine fireplaces, tiger oak hardwood and white Carera marble floors, a brand new 456,000 BTU Buderus G315 boiler, library, grand ballroom, home theatre and manmade pond with a three tier waterfall are among the unique amenities.

EDITOR'S NOTE: This story was originally publish on September 27, 2017. The interview on GoLocal LIVE was broadcast on Wednesday afternoon and the story was updated.

  • Wyndham Estate

    Constructed in 1890, Wyndham Estate is a 2 1/2 story ashlar stone Baronial home designed by architect William Ralph Emerson, cousin of Ralph Waldo Emerson.

     
  • History

    Wyndham Estate celebrates its 125th anniversary next year.  The mansion was designed and built for its original owner, Rose Anne Grosvenor, a philanthropist from Providence.

     
  • Room to Grow

    The home boasts 12,175 square feet of living space, with 7 bedrooms, 7 bathrooms, and 9 fireplaces, on nearly 12 acres of property.

     
  • Bedrooms

    With a spacious Master Bedroom, large circular Turret and East bedrooms, plus four guest bedrooms; hosting overnight guests is never likely to be problematic in this mansion.

    * Master Bedroom - 22'8" by 14'

    * Turret Bedroom - 17'10" circular

    * East Bedroom - 17'2" by 17'5"

    * Guest Bedroom - 12'4" by 11'6"

    * Guest Bedroom - 18'6" by 14'10"

    * Guest Bedroom - 11'3" by 11'3"

    * Guest Bedroom - 12'5" by 8'2"

     
  • Location, Location...

    Wyndham Estate lies in the heart of Newport, only one half mile from both the New York Yacht Club and Newport Country Club, and one mile from Fort Adams State Park.

     
  • Grand Ballroom

    Whether it is a wedding, holiday party, or family function, Wyndham Estate's 1200 square foot Grand Ballroom makes for a perfect space for entertaining guests. 

     
  • Music Room

    Outfitted with beautiful artwork and a grand piano, the mansion's music room is a great place to hide away and tickle the ivories.  In fact, at 475 square feet, you could probably fit most of an orchestra in this room.

     
  • On Top of the World

    (Or top of the island, at least)

    Wyndham Estate sits atop the highest point of Newport - and has the views to prove it. 

     
  • Kitchen

    Wyndham Estate boasts a large 320 square foot kitchen (with service area) on the first level, making for great dinner parties. There is an additional galley kitchen on the home's top level. 

     
  • Landscape

    The large, 11.76 acre property is well-manicured with several custom landscaping features including at three-tier waterfall with a private sitting area, and a manmade pond

     
  • Bathrooms

    With 2 1/2 bathrooms on the first floor, and 4 on the second level, finding a place to quickly powder your nose will rarely be an issue. 

     
  • Library

    If you are looking for a quiet place to read or study, the mansion features a home library...try not to become distracted by the view.

     
  • Roof Deck

    Perfect for summertime entertainment, the mansion features a 47' by 27' open air observation deck with stunning views.

     
  • Hot Tub

    What better way to relax after a long day than climbing up to the 18' circular roof top hot tub?

     
  • Attention to Detail

    When William Ralph Emerson designed Wyndham Estate, no detail was spared, evidenced by the intricate wood-carved moldings found throughout the mansion.

     
  • Renovation

    Wyndham Estate underwent major renovation and restoration a few years ago, but much of the much of the home's original essence remains intact.

     
  • Walk-in Closet

    More like live-in closet!

    At 12'10" by11'10", the closet attached to the Master Bedroom is bigger than many bedrooms... no need to trim down your wardrobe here!

     
  • Grand Staircase

    The mansion's Grand Staircase allows one to enter the room with style.  There is also a separate servant's staircase to access the second floor. 

     
  • Dining Room

    Just off the Grand Ballroom sits the home's formal dining room, perfect for intimate dinners. 

     
  • The Grounds

    Wyndham Estate is comprised of three separate lots of record, with the mansion itself sitting on Lot B (4.05 Acres).  Lots A and C are each just under 4 acres apiece. 

     
  • Fireplaces

    There is little better on a cold New England winter night than cozying up to a warm fire. Wyndham Estate, has 9 different fireplaces to choose from.

     
  • Newport Mansions

    Newport is known for its landscape of mansions spanning from Ocean Drive to Bellevue Avenue.  From Rosecliff to Vanderbilt's The Breakers, and dozens in-between, Newport has a rich history of wealth, and the lifestyle that comes with it. 

     
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