Luxury listing of the day: Quatrel estate in Newport, Rhode Island

Home of Newport Jazz Festival founders is on the market

Built in 1853, this Italian villa-style home is a classic beauty at one time owned by Louis and Elaine Lorillard, who founded the Newport Jazz Festival and renamed the home “Quatrel” (from “Fairbourne”) to reflect the four L’s in Louis’ full name.

It’s listed for $7.9 million with Gustave White Sotheby’s International Realty.

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