The Wall Street Journal - 06.03.2020

M16| Friday, March 6, 2020 THE WALL STREET JOURNAL.

konnet Lighthouse, and each has a

grassy walking path to sandy

Lloyd’s Beach.

A new owner could remodel the

existing houses, but conservation

easements on the property mean

there are limitations as to what can

be built there, Ms. Arnold said. “It

will prohibit someone from build-

ing a monstrosity,” said Ms. White-

head. Moreover, she said the family

wants to sell it to someone who

will be a good steward of the land.

—Candace Taylor

MOTT & CHACE SOTHEBY’S INTERNATIONAL REALTY (2)

See more photos of notable

homes atWSJ.com/RealEstate.

Email: [email protected]

he could use as a summer

office, his daughter said.

Completed in 2004, the

newer one-bedroom

house—where Mr. White-

head’s widow has her life

estate—has 18-foot-high

floor-to-ceiling glass walls

facing the water, although

Mr. Whitehead worked to

embed the one-story house

in the surrounding rock

outcroppings to minimize

the visual impact, Ms. Ar-

nold said.

Both houses, which are roughly

100 feet apart, have panoramic

views of the ocean and nearby Sa-

Mr. Whitehead started

at Goldman Sachs in 1947.

He was co-chairman of the

firm from 1976 until his

retirement in 1984. In the

1980s, Mr. Whitehead

served as deputy to U.S.

Secretary of State George

Shultz. He also chaired the

Lower Manhattan Devel-

opment Corp. after the

Sept. 11, 2001, terrorist at-

tack on New York, and

was founding chairman of

the National September 11 Memo-

rial and Museum.

Mr. Whitehead, who died in 2015

at age 92, bought the property in

1983 and divided his time between

there and Manhattan. Daughter

Sarah C. Whitehead, a meditation

teacher, said he paid about

$900,000 for the property, which

at the time contained only a dairy

barn. The family kept the barn’s

original gabled exterior and cre-

ated a three-bedroom home with

about 2,700 square feet of living

space, and added a gunite swim-

ming pool in the old corral.

In the early 2000s, with the

barn “overrun with grandchildren,”

Mr. Whitehead decided to build a

second house on the property that

ternational Realty, who has the list-

ing with colleague Judy Chace.

The property is the priciest on

the market and one of the largest

in Little Compton, the small rural

town about 70 miles from Boston

that attracts a number of wealthy

summer residents with its beaches

and bucolic scenery. Spanning

more than 9 acres and surrounded

by about 20 acres of conservation

land, Mr. Whitehead’s compound is

on a narrow spit jutting into the

Atlantic Ocean.

The beachfront Rhode Island
home of the late John C. White-
head, the executive who helped
lead Goldman Sachs into the mod-
ern era, is going on the market for
$8.5 million.
Any buyer will likely be sharing
the property with Cynthia White-
head. Mr. Whitehead’s widow, who
is in her 80s, has a life estate at one
of the two houses on the property,
which means she can stay there as
long as she likes, says Cherry Ar-
nold of Mott & Chace Sotheby’s In-

John C. Whitehead’s Rhode Island Retreat

FOR SALE

$8.5

MILLION

9 acres,

two homes

roughly 100

feet apart,

swimming pool,

widow Cynthia

Whitehead has

a life estate

18-foot-high glass walls

face the Atlantic Ocean.

CALIFORNIA

ARIZONA




   





   

  

      





 





   

      

        





   

    

 



 





    







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