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Ryan Shea Of HomeSmart Represents Buyer In $6.5M Sale Of Waterfront Land In Little Compton
SOLD
$6,500,000
Virginia
See Similar DealsLand
Sold
SOLD
Ryan Shea Of HomeSmart Represents Buyer In $6.5M Sale Of Waterfront Land In Little Compton
Compton Street
See Similar DealsLand
Sold
Summary
VIRGINIA
Asset Type:Land
Transaction Type:Sale
50+ acres of waterfront land along the Sakonnet River in Little Compton, RI was sold. The sale represents the highest land transaction in the town over the past 20 years, with the final sale price set at $6,500,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $6,500,000
- Date of Sale: 11/05/2025
- Market: Little Compton, RI
- Buyer's Representative: Ryan Shea - HomeSmart
- Seller's Representative: Allen Gammons - Berkshire Hathaway HomeServices
Through this transaction, Allen Gammons represented the seller while Ryan Shea represented the buyer. Both representatives played key roles in finalizing this significant real estate deal.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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