There are curerntly 10 pieces of vacant land for sale on the island listed for $400,000 or less. The least expensive piece is a 6,500 s.f. lot on Pine Crest Drive for $219,000 which permits 50% ground coverage and is residential or residential commercial use. Next is $225,000 for a bank-owned lot at 26 Bartlett Road, just listed this week. The lot is 5,918 s.f. and could be used to build a residential property.
For more information: Least Expensive Land 3.15.11