Water front lot on the tranquil Cedar Lake in the rural town of Lyme, CT. There is a cleared house site with approvals in place for a 4 bedroom home. The building site is level and elevated above the lake. The existing driveway is shared with the properties on both sides....one is an existing home and the other is a 2.3 acre building lot that is also for sale (MLS 170349970). Combining this lot with 248 Beaver Brook Road would create a 4.4 acre estate lot, or the opportunity for a residential compound. Cedar Lake has no public access, does not allow motorized vessels and has much of its shoreline protected by conservation easements. This is a rare opportunity to own lakefront property in Lyme.
Vacant landProperty Type
2.1 acresLot Size
$153,285Price/Acres
Listed by Paul Smyth• William Pitt Sotheby's Int'l
Bought with Paul Smyth• William Pitt Sotheby's Int'l
Source:Smart MLS #170349965
Redfin Estimate
$321,898
$142K since sold in January 2021$12K since September
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This home's estimate is 34.2% lower than the average sale price ($489K) of 6 comparable homes.