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Newport County, RI · Sold

RI-467614

8891 County Road 385

$1,377,500
$27,705/ac · 49.72 ac
Acreage49.72 ac
Price per acre$27,705/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedJun 27, 2026
Coordinates41.4869, -71.2295
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

3 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands32.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,254 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area31.84 of 49.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,724,148
$1,338,340$2,109,957 · $34,677/ac on 49.72 ac
Asking vs estimate
-20.1%
Priced below the comp set

Weighted from 8 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 $1,377,500
Maximum allowable offer
$985,228
$19,816/ac · +30.0% target margin

You need $392,272 off asking to hit this margin.

All-in cost$1,068,972
Net resale$1,586,216
Projected profit$517,244
ROI+48.4%
Annualized+69.2%
Break-even resale$23,369/ac
Profit if resale lands off target
-20%
$200,001
-10%
$358,622
0%
$517,244
+10%
$675,866
+20%
$834,487
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-268002
Dirt · Off grid
65.8May 15, 2025$1,618,30024,57639,3856.9 mi
74
RI-577533
Paved · Off grid
46.9Jan 5, 2025$1,060,40022,62024,9695.8 mi
74
RI-509551
Landlocked · Power at road
202.3Jul 27, 2026$2,239,80011,07524,1122.1 mi
69
RI-805285
Paved · Full utilities
9.2Jul 27, 2026$678,20073,72242,9064.6 mi
68
RI-825259
Landlocked · Power at road
9.0Oct 23, 2025$204,60022,66228,7716.8 mi
62
RI-618895
Landlocked · Power at road
125.8Oct 20, 2024$2,806,70022,32045,9315.6 mi
60
RI-259420
Gravel · Power at road
183.9Apr 1, 2025$4,572,50024,85937,8347.4 mi
57
RI-325258
Paved · Full utilities
9.0Feb 15, 2024$501,40055,58435,6161.8 mi
56
Show adjustment detail for the top comp
  • Tract size (65.85 ac → 49.72 ac)+6.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (15 mo)+5.3%

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.