Block Island Land Sale Highest Since 2002

Block Island Land Sale Highest Since 2002

 

A rare oceanfront parcel on Block Island has sold for $3,200,000, marking the highest land sale price recorded since 2002, according to the MLS.

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Located on Coast Guard Road, the exceptional 1.18-acre property is uniquely positioned between the Atlantic Ocean and Cormorant Cove, offering sweeping water views, direct beachfront access, road access, and the rare advantage of double waterfrontage. The parcel presents a premier opportunity for a custom coastal residence or private island retreat.

 

The sellers were represented by Johnny Sheil of the Sheil Readyhough Team at Serhant.

 

Per the Rhode Island MLS, the average sale price on Block Island has increased 174% over the past 5 years, and the number of sales decreased 52% from 2021 to 2025 (61 sales to 29 sales).

 

“This exceptional property was a rare opportunity, and the price reflects both its uniqueness and the long-term confidence buyers have in Block Island,” said Johnny Sheil.