Extraordinary family compound includes a custom built home currently rented weekly during summer season, charming 2-story cottage rented on a year round basis, and a garage with assessory residential status for family or guests. Turnkey property.
Multi-familyProperty Type
2005Year Built
1.84 acresLot Size
$415Price/Sq.Ft.
1 car garageParking
Listed by Gail HALL• BALLARD HALL REAL ESTATE
Bought with Sandra HOPF• Sullivan Sotheby's Intl.Realty
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 02807, RI
Last updated October 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
95.4%
+1.8% MoM
Median sale price
$1.8M
$386K MoM
Avg. days on market
66d
79 days MoM
Recently sold homes
5
0 MoM
Provided by Redfin
Sale history for 1167 Graces Cove Rd
Date
Event
Price
RIS #984058
May 2, 2011
Sold
$1,425,000
$415/sq ft
Mar 18, 2011
Listing Removed
—
Feb 2, 2011
Listed
$1,595,000
$464/sq ft
Public Records
Nov 25, 1998
Sold
$299,000
$87/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$11,007 (+1.6%)
$742,600 + $1,847,300
$2,589,900
2025
$10,836 (+3.5%)
$527,700 + $1,353,600
$1,881,300
2024
$10,471 (−9.8%)
$527,700 + $1,369,200
$1,896,900
2023
$11,611 (+70.9%)
$527,700 + $1,401,000
$1,928,700
2022
$6,793 (+6.5%)
$468,720 + $490,800
$959,520
2021
$6,376 (+8.3%)
$468,720 + $482,880
$951,600
2020
$5,890 (+0.5%)
$468,720 + $457,360
$926,080
2019
$5,862 (−0.4%)
$468,720 + $482,880
$951,600
2018
$5,883 (+1.5%)
$468,720 + $520,000
$988,720
2017
$5,794 (+2.5%)
$468,720 + $520,000
$988,720
2016
$5,655 (+1.9%)
$468,720 + $520,000
$988,720
2015
$5,547 (−17.4%)
$468,720 + $537,920
$1,006,640
2014
$6,719 (+2.5%)
$585,900 + $672,400
$1,258,300
2013
$6,556 (+0.5%)
$585,900 + $672,400
$1,258,300
2012
$6,525
$617,300 + $730,800
$1,348,100
Tax history for 1167 Graces Cove Rd
Year
Property tax
Land + Additions
Assessment*
2026
$11,007 (+1.6%)
$742,600 + $1,847,300
$2,589,900
2025
$10,836 (+3.5%)
$527,700 + $1,353,600
$1,881,300
2024
$10,471 (−9.8%)
$527,700 + $1,369,200
$1,896,900
2023
$11,611 (+70.9%)
$527,700 + $1,401,000
$1,928,700
2022
$6,793 (+6.5%)
$468,720 + $490,800
$959,520
2021
$6,376 (+8.3%)
$468,720 + $482,880
$951,600
2020
$5,890 (+0.5%)
$468,720 + $457,360
$926,080
2019
$5,862 (−0.4%)
$468,720 + $482,880
$951,600
2018
$5,883 (+1.5%)
$468,720 + $520,000
$988,720
2017
$5,794 (+2.5%)
$468,720 + $520,000
$988,720
2016
$5,655 (+1.9%)
$468,720 + $520,000
$988,720
2015
$5,547 (−17.4%)
$468,720 + $537,920
$1,006,640
2014
$6,719 (+2.5%)
$585,900 + $672,400
$1,258,300
2013
$6,556 (+0.5%)
$585,900 + $672,400
$1,258,300
2012
$6,525
$617,300 + $730,800
$1,348,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
1.84 Acres
Year renovated
—
Sq. Ft.
686
Year built
1983
Style
Other
County
Washington County
APN
9425487S
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
Aug 21, 2024 • Active
Electrical
Electrical
Jun 14, 2024 • Final
Change of use
ADU
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 1
Parking
Features: Detached, Garage
# of Parking (Total): 13
# of Covered Spaces: 1
Interior
Bathroom Information
# of Full Bathrooms: 4
# of Half Bathrooms: 1
Room Information
# of Rooms (Total): 15
Has Basement
Basement Information: Full, Partially Finished
Laundry Information
Features: In Unit
Equipment
Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
Interior Features
Furnished
Flooring: Ceramic Tile, Hardwood
Other Features: Furnished, Wood Burning Stove
Exterior
Building Information
Stories (Total): 2
Construction Details: Shingle Siding
Lot Information
Lot Size Area: 80,000
Lot Size Acres: 1.8365
Waterfront Features: Walk to Water
Zoning: RA
Property Information
Has View
Above Grade Finished Area: 3,436
Foundation Details: Concrete Perimeter
Financial
Assessments and Fees
Assessed Value: $1,348,100
Tax Information
Annual Tax Amount: $4,939.50
Tax Year: 2010
Rental Information
Owner Pays: Hot Water
Tenant Pays: Hot Water
Utilities
Utility Information
Utilities: Underground Utilities
Sewer: Septic Tank
Water Source: Well
Heating & Cooling
Has Heating
Heating: Baseboard, Forced Air, Gas, Hot Water, Oil
Location
Multi Unit Information
# Of Units Total: 3
# Of Buildings: 3
Multi Unit Financial Information
Operating Expense: $9,999
Community Information
Community Features: Marina, Tennis Court(s)
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 686
Stories: 2.0
Lot Size: 1.84 acres
Style: Other
Year Built: 1983
Year Renovated: —
County: Washington County
APN: 9425487S
Home facts updated by county records on Oct 19, 2026
Around this home
Schools
K - 12
Preschool & daycare
Block Island School
Public K-12 • Assigned • 2.2mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 85° expected this year, 19 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Block Island, RI • 02807
Average low and high temperatures (°F)
35
26
36
26
45
35
52
42
61
51
71
60
77
67
75
63
71
62
62
53
54
43
41
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Sell confidently with a local market expert in Block Island. 3 minutes to get started.