CCertihomes
0 Pilot Hill, Block Island, RI 02807

$1,950,000

0 beds 0 baths Active

About this home

This 4.57-acre parcel of land, situated in the highly sought-after Pilot Hill Area and across from John E's Tug Hole, presents an exceptional opportunity for creating your custom-built Block Island vacation home. Including an engineering survey and approved Site Plan & OWTS endorsement from the Town of New Shoreham, the path to realizing your ideal living space captures the essence of Island living. Surrounded by awe-inspiring scenery and conveniently located near all the amenities Block Island has to offer, it offers a lifestyle that seamlessly blends tranquility with adventure. Take advantage of this extraordinary chance to design your perfect sanctuary in this captivating environment. Through collaboration with Meridian Custom Homes, a complete design for a custom-built home has been crafted, facilitating a smooth transition from raw land to a personalized residence. With the groundwork already established, acquiring this piece of Block Island paradise brings you one step closer to realizing your vision of the ultimate escape. Immerse yourself in the serenity of the landscape, where each sunrise and sunset gifts the sky with breathtaking hues. Don't let this opportunity pass you by—seize your slice of Block Island tranquility today and embark on the Island lifestyle you've always dreamed of. First two photos are renderings of the proposed house on the property site.

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
$13,348/mo

Real estate (PITI + HOA + PMI)
$13,216
Principal + interest$8,844
Property tax + insurance$3,641
PMI / 2nd mortgage$731
Utilities
$1,285
Heating + cooling$496
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$132
Car insurance + maintenance$132
Other (entertainment)
$127
$13,348/mo TLC
Budget$13,848/mo
Remaining after TLC$500/mo
Purchase price
$1,950,000
Down payment
$97,500 (5%)
Loan amount
$1,852,500
APR
4%

Quick facts

Type
Land
Style
Year built
Lot size
4.5744 ac
Stories
0
Heating
Cooling
Water
None
HOA
Annual tax
MLS #
1359094
County
Washington

Lot features

Clay, Marsh/Swamp, Sandy, Rural, Private Compound, 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 5/14/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.