CCertihomes
1087 Lakeside, Block Island, RI 02807

$4,600,000

6 beds 5 baths 3,736 sqft Built 1981Active

About this home

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$26,809/mo

Real estate (PITI + HOA + PMI)
$27,434
Principal + interest$20,863
Property tax + insurance$4,846
PMI / 2nd mortgage$1,725
Utilities
$1,759
Heating + cooling$733
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$132
Car insurance + maintenance$132
Other (entertainment)
$127
$26,809/mo TLC
Budget$27,309/mo
Remaining after TLC$500/mo
Purchase price
$4,600,000
Down payment
$230,000 (5%)
Loan amount
$4,370,000
APR
4%

Quick facts

Type
Residential
Style
Cape Cod
Year built
1981
Lot size
3 ac
Stories
0
Heating
Oil, Baseboard
Cooling
None
Water
Private, Well
HOA
Annual tax
$7,153
MLS #
1343604
County
Washington

At a glance

Basement
Garage (3)
Dishwasher
Balcony

Home features

Appliances
DishwasherDryerExhaust FanRange HoodMicrowaveOven/RangeRefrigeratorWasherWhirlpool
Interior
AtticAttic StairsAttic StorageCathedral CeilingsSkylightStairsWalls: PlasterPlumbing: CopperPVCInsulation: CeilingFloorsWalls
Exterior
BalconyDeckPorch
Parking
AttachedGarage Door Opener
Fireplace
None
Flooring
Ceramic Tile, Hardwood
Sewer
Septic Tank

Lot features

Out Building, Paved Driveway, Wooded

Neighborhood — 02807

MetricThis ZIPCountyUSA
Population1,1171,095,423299,088,112
Population Change Since199034.00%9.00%20.00%
Population Density113994
Male545529,266147,432,321
Female572566,157151,655,844
Never Married236266,40463,775,926
Married493435,678123,120,365
Separated4643,64212,639,686
Widowed5666,66815,467,586
Divorced13983,84323,075,029
Number Of House Hold482410,399111,826,380
Average House Hold Size2.312.562.60
Medial Age44.0837.2735.46
Median House Hold Income$49,999$47,553$48,276
Average House Hold Income$66,546$61,609$63,629
P C I$29,039$23,965$24,529
M D I$42,678$40,634$41,133
A T H E$53,221$49,940$50,898
S T R7.00%7.00%
W C J84.58%78.02%77.74%
(Zip) Code
2807

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 9/15/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

1087 Lakeside · Block Island — $4,600,000 · Certihomes