#1375470, Listing Office: Phillips Real Estate
1501 Beacon Hill Rd Block Island, RI 02807
Property details
About 1501 Beacon Hill Rd
Discover a rare opportunity to own a stunning 6+ acre estate in the heart of Block Island, comprising three distinct lots two developed and one vacant. This unique property features a spacious, sunlit 5-bedroom, 3-bathroom residence that radiates comfort and elegance, along with a 2-bedroom, 1-bathroom apartment ideal for guests or rental income. The estate includes a 3-car garage with ample storage space and a state-of-the-art 5-stall barn equipped with a roomy storage/hay/studio loft, tack room, and farrier station. An attached double-depth 3-bay garage provides even more storage. The meticulously maintained grounds boast beautifully rebuilt stone walls, sturdy board fencing, and a secure grass paddock, all surrounded by 80 acres of conserved land ensuring privacy and tranquility. The vacant lot offers additional potential for development or expansion. This versatile property could transform into an Island farm, serve as a serene private residence, or become a cherished family compound. With significant tax benefits under the Farm Tax category, it's a wise investment for those seeking sustainable living. Don't miss this exceptional chance to own three lots on Block Island, where tranquility and endless potential come together. The barn Lot (81-2) can be converted into a single-family home; it needs updated electrical work, septic and well, architectural rough plans are available. Main House Lot - 1.94 acres: Barn Lot - 1.91 acres: Vacant Lot - 2.36 acres
Highlights
Summary
- MLS Number: 1364568
- MLS Name: RIS
- Office Name: Lila Delman Compass
- Office Phone: (401) 466-8777
- Office Email: Robert.Leighton@compass.com
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Last updated on: 4/13/2025, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,500,000
1501 Beacon Hill Rd
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $1,417,340 | $7,824 |
2023 | $1,417,980 | $8,536 |
2022 | $665,744 | $4,713 |
2021 | $646,944 | $4,335 |
2020 | $646,944 | $4,115 |
2019 | $646,944 | $3,985 |
History based on county public records data.
Nearby schools
8
Matunuck School
Public District KG-4
15.0 mi
•380 Matunuck Beach Rd
7
Dunn's Corners Elementary School
Public District KG-4
15.7 mi
•8 1/2 Plateau Rd
9
State Street Elementary School
Public District KG-4
18.3 mi
•35 State St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $83,464. Most Block Island, RI residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 1501 Beacon Hill Rd
This home is located at 1501 Beacon Hill Rd in Block Island, RI and zip code 02807. This 5,182 square foot home, which was built in 1986, sits on a 6.21 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 2, 2024 and is currently priced at $3,500,000.
Block Island, RI housing market in March 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. Between February and March 2025, Block Island, RI real estate market has seen decrease in the number of listings by 8.3%. While the average time on the market in March 2025 was 119 days, the median list price was $1,537,000.