Ryan Shea Of HomeSmart Represents Buyer In $6.5M Sale Of Waterfront Land In Little Compton
Compton Street
$6,500,000
Building Size
—
Asset Type
Land
Closing
Nov 5, 2025
About this deal
AI
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.
On the Map
$6,500,000
Land
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Players
Reston Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93