1087 Lakeside Dr, Block Island, RI, 02807
About This Home
Welcome to 1087 Lakeside Drive - an exceptional retreat offering the perfect blend of privacy, comfort, and convenience. Nestled upon a three-acre parcel with sweeping views of Fresh Pond, this centrally located property is a rare opportunity to own a marvelous home with premium amenities. This beautifully maintained residence received a complete exterior renovation in 2023, including a new roof, decks, and windows. The sprawling, light-filled interior boasts six spacious bedrooms and five full baths, which include two suites ideal for guests or a potential Bed & Breakfast venture. The heart of the home features an open-concept kitchen with upscale appliances, a center island, and a dining area that will seat twelve - and along with both front and back decks, is perfect for entertaining! The property includes a three-car heated garage, a full basement, and a robust nine-bedroom septic system. Deeded water rights to Fresh Pond enhance the experience, while immediate access to the island’s premier walking trails and a 5-minute drive to beaches places you at the center of everything Block Island has to offer. Additionally, this property can be enjoyed as both a family residence, creating your very own rituals, or a lucrative investment property with already established income-generating rentals. From sipping coffee at sunrise to spectacular sunsets over Fresh Pond, this coastal home offers true island adventures!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Materials
- Foundation: Concrete Perimeter,Slab
- Construction materials: Plaster,Wood Wall(s),Clapboard
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Exhaust Fan,Range Hood,Microwave,Oven/Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Partially Finished,Storage Space
Bathroom
- Level: First
Bathroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Den
- Level: First
Dining Area
- Level: First
Features
- Wall (Plaster),Wall (Wood),Skylight,Stairs,Plumbing (Copper),Plumbing (PVC),Insulation (Ceiling),Insulation (Floors),Insulation (Walls),Ceiling Fan(s),Central Vacuum
- Window features: Insulated Windows,Skylight(s)
- Flooring: Ceramic Tile,Hardwood
- Fireplace features: None
- Attic: Attic Stairs, Attic Storage
- Finished area below ground: 0
- Finished area above ground: 3,600
Heating & Cooling
- Heating features: Oil,Baseboard,Zoned
- Cooling features: None
Interior Area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Kitchen
- Level: First
Library
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: Second
Office
- Level: First
Other
- Level: Second
Other
- Level: Second
Other
- Level: Second
Other
- Level: Second
Property
Details
- Parcel number: BLOCM10L025
- Zoning: RA
- Other equipment: Satellite Dish
Features
- Patio & porch: Deck,Porch
- Exterior features: Balcony,Barbecue
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Walk to Fresh Water,Walk To Water
Lot
- Lot size: 2.82 Acres
Parking
- Total spaces: 9
- Parking features: Attached,Garage Door Opener,Driveway
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,973 | $239,676 |
| Home Insurance * | $1,569 | $18,828 |
| Property Taxes | $1,846 | $22,152 |
| Electricity | $733 | $8,798 |
| Total | $24,121 | $289,452 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-06-04 | Price change | $3,950,000 |
| 2023-09-15 | Listed for sale | $4,600,000 |
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