17
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$2,300,000
Est. payment /mo
135.3 Acres Lot
Active
5 Old Stagecoach and Boston Post Road Old Lyme, CT 06371
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Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24152611
Annual Tax Amount $3,193
Lot Size 135.300 Acres
Property Sub-Type Residential Land
Property Description
Rare opportunity to acquire 135.30 +/- contiguous acres in Old Lyme, Connecticut. A multi-phase residential platform. Offers control of scale in a high-barrier shoreline market. Yield flexibility depends on the master plan as subdivision or PUD. 275-2 Boston Post and 5-1 Old Stage Coach Road feature multiple access points. Civil engineering firm has completed a topographical map encompassing the compilation plan of the entire parcel. The same local firm has created a subdivision plan for a separate 4 acre estate lot. This engineered lot with pond views can be accessed through Seller's private easement through Lords Meadow homes selling for $1M+ A phased development strategy reduces risk exposure and opportunity for diversified absorption strategy across price tiers. Old Lyme is water community with access to the LIS, Ct River, and Rogers Lake. Two hours from New York and Boston. Close proximity to main commuting roads, I 95 and route 9. In addition, Old Lyme is known for its deep-rooted artistic history, nearby farms, love of the outdoors whether hiking, kayaking, crew racing, golf, gardening, farming, or relaxing on white sands beach. Documents available: Executive Summary, Offering Memorandum, survey maps, proprietary overlay for traditional subdivision, deeds, easements, and overview of access points available upon request. Thoughtfully phased residential project that can adapt to evolving market demand while enhancing the character of Old Lyme.
Location
State CT
County New London
Zoning RU80
Exterior
Utilities Available Electric Available
Waterfront Description Not Applicable
Building
Lot Description Treed, Farm Land, Borders Open Space
Sewer Septic, Septic Required
Water Private Well, Well Required
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Heather Clinton • Berkshire Hathaway NE Prop.
NEARBY SCHOOL & BUSINESS
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