Discover a 3-acre haven on Block Island, where tranquility meets luxury. The westerly-facing house and deck offer uninterrupted views of Fresh Pond and memorable sunsets, while the back deck and second-floor terraces provide captivating ocean views. This remarkable 6-bedroom, 5-bathroom property features an open-concept kitchen with serene Fresh Pond and backyard views, seamlessly connected to light-filled living spaces. Two suites above the three-car garage create an inviting bed and breakfast opportunity. The house is an established and lucrative summer rental. Enjoy water rights and Fresh Pond access. Rest easy knowing that your ocean views are safeguarded by adjacent Conservancy land. With a private backyard and vast front yard, this property offers ample space for outdoor activities and relaxation. Approximately half of the land is meticulously maintained, while the other half is a lush wooded retreat. A secondary driveway entrance adds flexibility, ideal for guest house access or work vehicles. The property includes a generous foundation footprint with grandfathered approval, allowing for future expansion. The primary septic system serves the main house, with a secondary system ready for additional structures. Situated just a five-minute drive from town, you'll have easy access to dining, shopping, and island amenities. Moreover, you're conveniently located close to Black Rock and Crescent beach access, ensuring you're never far from Block Island's pristine shores.
Property Details
Property Features
Property Information:
Architectural Style: Cape Cod
Year Built: 1981
Stories: 2
Living Area: 3,736 SqFt
Listing Office:
Office Name: Lila Delman Compass
Office Phone: (401) 466-8777
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Water Heater, Range, Refrigerator, Range Hood, Washer
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood
Interior: Attic, Cathedral Ceiling(s), Permanent Attic Stairs, Skylights, Tub Shower, Central Vacuum, Furnished
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Waterfront: Water Access, Waterfront
View: Water
Exterior: Balcony, Deck, Porch, Paved Driveway
Parking Information:
Attached Garage: Yes
Parking: Attached, Garage, Garage Door Opener
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 3.00 Acres
Utilities
Utilities Information:
Heating: Baseboard, Oil
Cooling: None
School Info
Assigned Schools Information:
Block Island School, Public District Grades KG-12
Price Information
Listing Price Info
Price Summary:
List Price: $4,600,000
Price Per SqFt: $1,231/SqFt
Tax Information:
Annual Amount: $6,411
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23K
Per Month
Principal & Interest
$22.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.8K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
7
/10
Block Island School
High St
Distance between this listing and this school0.81 miles
Public District Grades KG-12
Nearby Schools
4
/10
Matunuck School
380 Matunuck Beach Rd
Distance between this listing and this school15.68 miles
Public District Grades KG-4
7
/10
Dunn's Corners School
8 1/2 Plateau Rd
Distance between this listing and this school16.57 miles
Public District Grades KG-4
3
/10
Bradford Elementary School
15 Church St
Distance between this listing and this school18.67 miles
Public District Grades PK-4
Nearby Schools
6
/10
Westerly Middle School
10 Sandy Hill Rd
Distance between this listing and this school17.04 miles
Public District Grades 5-8
5
/10
Narragansett Pier School
235 S Pier Rd
Distance between this listing and this school19.33 miles
Public District Grades 5-8
7
/10
Pawcatuck Middle School
40 Field St
Distance between this listing and this school20.10 miles
Public District Grades 5-8
Assigned Schools
7
/10
Block Island School
High St
Distance between this listing and this school0.81 miles
Public District Grades KG-12
Nearby Schools
7
/10
Narragansett High School
245 S Pier Rd
Distance between this listing and this school19.45 miles
Public District Grades 9-12
7
/10
Westerly High School
23 Ward Ave
Distance between this listing and this school19.55 miles
The neighbors living near this home have an average income of $83,464. The most common annual income of people living in Washington County, RI is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1087 Lakeside Dr
What is the listing price of this property?
The listing price of 1087 Lakeside Dr property is $4,600,000.
What type of property is this?
The property 1087 Lakeside Dr is a house located in Block Island, Rhode Island, 02807.
Is this property for sale now?
Active Listing: 1087 Lakeside Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1087 Lakeside Dr are: Block Island School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $6,411 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1087 Lakeside Dr has 6 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1087 Lakeside Dr is 3,736 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1087 Lakeside Dr is 1981.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1087 Lakeside Dr in Block Island, RI and zip code 02807. This 3,736 square foot home, which was built in 1981, sits on a 3.00 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 15, 2023 and is currently priced at $4,600,000.
In March 2024 more than 32 listings in Washington County, RI were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 48 were sold below. The number of listings in Washington County, RI increased by 7.8% between February 2024 and March 2024. In March 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $551,910.
From Rocket Homes Real Estate and based on county public records data.