← New search
Newport County, RI · Sold

RI-509551

6559 County Road 228

$2,499,800
$12,360/ac · 202 ac
Acreage202 ac
Price per acre$12,360/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedJul 11, 2026
Coordinates41.5066, -71.1977
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Newport County, Rhode Island. Almost no raw land market; subdivided lots only.

View Newport market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
41
Moderate risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power207 ft away

Power at or near the road.

Buildable area167.74 of 202.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,267,685
$2,521,172$4,014,197 · $16,157/ac on 202 ac
Asking vs estimate
-23.5%
Priced below the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,499,800
Maximum allowable offer
$1,867,248
$9,232/ac · +30.0% target margin

You need $632,552 off asking to hit this margin.

All-in cost$2,025,964
Net resale$3,006,270
Projected profit$980,306
ROI+48.4%
Annualized+69.2%
Break-even resale$10,888/ac
Profit if resale lands off target
-20%
$379,052
-10%
$679,679
0%
$980,306
+10%
$1,280,933
+20%
$1,581,560
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-259420
Gravel · Power at road
183.9Apr 1, 2025$4,572,50024,85917,4159.5 mi
74
RI-618895
Landlocked · Power at road
125.8Oct 20, 2024$2,806,70022,32021,1437.7 mi
70
RI-467614
Dirt · Full utilities
49.7Jul 27, 2026$1,304,50026,23712,1042.1 mi
69
RI-577533
Paved · Off grid
46.9Jan 5, 2025$1,060,40022,62011,4947.9 mi
59
RI-268002
Dirt · Off grid
65.8May 15, 2025$1,618,30024,57618,1299.1 mi
58
Show adjustment detail for the top comp
  • Tract size (183.94 ac → 202.25 ac)-2.6%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (16 mo)+5.8%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.