Off Market Nov 2016 for $545K

$916,308

Est. refi paymentEst. refi $2,652/mo

•

2,902

sq ft

42 Gungy Rd, Lyme, CT 06371

About this home

Lakefront Privacy! This spacious year round home sits alone on the eastern shore of private Cedar Lake. Dramatic sunsets over the lake all year long! The dwelling has 2 distinct living areas, with a common family room, dining room and kitchen centered in the house...Perfect for large gatherings, accomodating guests, or co-owning with partners! Also, a heated outbuilding has extra bed space and 2 lofts. There is a massive deck, and a screened porch overlooking the lake. This home is dated but functional, and has been used as a year round home until recently. The lot and lakefront are protected by a conservation easement and zoning regulations assure continued privacy in the future. A special and rare offering.

Single-familyProperty Type

1958Year Built

6.5 acresLot Size

$316Est. Price/Sq.Ft.

2 car garageParking

Listed by Paul Smyth • William Pitt Sotheby's Int'l

Bought with Paul Smyth • William Pitt Sotheby's Int'l

Source:Smart MLS #N10126744

Redfin Estimate

$916,308

$371K since sold in November 2016$59K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 49% higher than the average sale price ($615K) of 6 comparable homes.

SOLD AUG 31, 2026
$627,000
A
5 beds3 baths3,191 sq ft
198 Grassy Hill Rd, East Lyme, CT 06333
SOLD MAY 11, 2026
$630,000
B
4 beds3 baths2,851 sq ft
7 Greenwood Cir, East Lyme, CT 06333
SOLD AUG 14, 2026
$440,000
C
4 beds3 baths2,157 sq ft
239-A Rockledge Rd, Lyme, CT 06371
SOLD JUN 18, 2026
$640,000
D
4 beds3 baths2,616 sq ft
34 Valley Dr, Salem, CT 06420
SOLD JUL 31, 2026
$750,000
E
4 beds3 baths2,349 sq ft
82 Valley Dr, Salem, CT 06420
SOLD AUG 31, 2026
$604,000
F
4 beds2.5 baths3,448 sq ft
19 Legendary Rd, East Lyme, CT 06333

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Earn from this home

Sell

$516,627

Est. take-home

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Refinance

Est. cash available

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Rent

$4,090/mo

Redfin rental estimate

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Market trends in 06371, CT

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

100.2%

0.9% MoM

Median sale price

$646K

$28K MoM

Avg. days on market

40d

10 days MoM

Recently sold homes

9 MoM

New listings for sale

$650,000
4 beds2.5 baths1,944 sq ft
2 Wood Ridge Hills Rd, Old Lyme, CT 06371
OPEN THU, 4PM TO 6PM
$589,000
3 beds2 baths1,293 sq ft
12 Sunset Dr, Old Lyme, CT 06371
COMING SOON
$820,000
3 beds2 baths1,178 sq ft
4 Walnut Rd, Old Lyme, CT 06371
$850,000
3 beds2.5 baths2,072 sq ft
3 Maple Ln, Old Lyme, CT 06371
$785,000
4 beds2.5 baths3,014 sq ft
2 Myrica Way, Old Lyme, CT 06371
VIDEO TOUR
$1,659,000
4 beds3.5 baths2,750 sq ft
25 Johnny Cake Hill Rd, Old Lyme, CT 06371
COMING SOON
$985,000
3 beds3 baths3,226 sq ft
6 Whippletree Ln, Old Lyme, CT 06371
OPEN SAT, 12PM TO 2PM
$940,000
3 beds2 baths2,136 sq ft
311 Brightwater Rd, Old Lyme, CT 06371
$895,000
4 beds2.5 baths4,620 sq ft
32-B Clark Rd, Lyme, CT 06371
See all

Provided by Redfin

Sale history for 42 Gungy Rd

Date

Event

Price

Smart MLS #N10126744

Nov 17, 2016

Sold

$545,000

$188/sq ft

Apr 22, 2016

Listed

$595,000

$205/sq ft

Smart MLS #E269022

Apr 11, 2014

Sold

$600,000

$207/sq ft

Aug 1, 2013

Listed

$695,000

$239/sq ft

Private, tranquil lakefront home on 6.5 Acres in lyme. 2900 Sq ft cedar ranch-style home has plenty of space for guests. 420 Ft of frontage on pristine and private cedar lake. Huge deck, dock, 2 fireplaces. . Great privacy! See add'l remarks. This is a rare opportunity for someone seeking privacy, and direct lake frontage. Today, a home could not be built in this location due to conservation restrictions. Therefore, the existing 2900 sq ft footprint has unique value. The existing home is a wonderful and spacious cedar ranch, with soaring vaulted ceilings in the common areas, multiple sliding glass doors for dramatic lake views, and a 1375 sq ft lakeside deck. One can't help be feel at one with nature!. The property is protected by a conservation easement. Cedar lake is pristine! No motors are allowed on watercraft here, so peacefulness is assured. This home works well in all seasons. In recent years it has had a new septic system installed and new 200 amp electric service. There is a wonderful rustic cabin/studio on the property in the woods away from the lake. Tranquility is the word that comes to mind when describing this unique and special property.

Tax history for 42 Gungy Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6.5 Acres

Year renovated

—

Sq. Ft.

2,902

Year built

1958

Style

Single Family Residential

County

New London County

APN

2328145

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 14, 2023.

Property details

Parking

Garage Information
Garage & Parking: Attached Garage, Covered Garage, Tandem
Garages Number: 2

Interior

Interior Information
Total Rooms: 8
Laundry Room Info: Basement Hook-Up(s)
Interior Features: Cable - Available, Security System
In-Law Apartment: Yes
In-Law Access: Separate Entry
Fireplaces Total: 3
Cooling System: Central Air
Appliances Included: Dishwasher, Electric Range, Gas Range, Washer

Bathroom Information
# of Baths (Full): 3

Bedroom Information
Beds Total: 4

Room Information
Basement Description: Full With Walk-Out, Garage Access, Hatchway Access
Attic Description: Crawl Space

Exterior

Exterior Features
Exterior Siding: Cedar, Vertical Siding
Exterior Features: Deck, Guest House, Porch-Screened, Underground Utilities, Wrap Around Deck

Lot Information
Lot Description: Lightly Wooded, Secluded, Water View

Land Information
Encumbrances Restrictions: Easements

Property Information
Waterfront Description: Dock or Mooring, Lake, View, Direct Waterfront
Property Type: Single Family For Sale
Driveway Type: Gravel, Private

Financial

Assessments Information
Assessed Value: $350,124

Rental Information
Lease Purchase YN: No

Utilities

Utility Information
Water Source: Private Well
Sewage System: Septic
Hot Water Description: Electric
Heat Type: Baseboard, Hot Air
Heat Fuel Type: Oil
Fuel Tank Location: Above Ground
Electric Amperage: 200

Location

HOA Information
Association Amenities: Putting Green

School Information
High School: Lyme - Old Lyme
Elementary School: Lyme Consolidated

Location Information
State: Connecticut
Nearby Amenities: Golf Course
Directions: Gungy Rd is off the intersection of Beaver Brook Rd and Grassy Hill Rd, very close to Hartman Park.
Direct Waterfront
County: New London

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 2,902
Stories: 1.0
Lot Size: 6.5 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: —
County: New London County
APN: 2328145

Home facts updated by county records on Jul 14, 2023

Other

Documents & Disclosures
Supplement Count Public: 1

Around this home

Schools

Mile Creek School

Public K-5 • Assigned • 8.5mi

8/10

Lyme-Old Lyme Middle School

Public 6-8 • Assigned • 7.2mi

9/10

Lyme-Old Lyme High School

Public 9-12 • Assigned • 7.2mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Lyme, CT • 06371

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$871,000 – $1.05M

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COMING SOON

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VIDEO TOUR

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COMING SOON

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OPEN SAT, 12PM TO 2PMVIDEO TOUR

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Home values near 42 Gungy Rd

Data from public records.

Address	Redfin Estimate
51 Gungy Road, Lyme, CT 3 Beds \| 2.5 Baths \| 2656 Sq. Ft.	$639,309
46 Gungy Road Unit C, Lyme, CT 2 Beds \| 3 Baths \| 3145 Sq. Ft.	$1,126,775

Address	Redfin Estimate
57 Gungy Road, Lyme, CT 4 Beds \| 2.5 Baths \| 2763 Sq. Ft.	$619,940
27 Gungy Road, Lyme, CT 2 Beds \| 1 Baths \| 936 Sq. Ft.	$369,949

Address	Redfin Estimate
50 Gungy Road, Lyme, CT 3 Beds \| 2 Baths \| 2609 Sq. Ft.	$664,972
21 Gungy Road, Lyme, CT 4 Beds \| 1.5 Baths \| 1776 Sq. Ft.	$536,899

Property information provided by Smart MLS when last listed in 2016. This data may not match . Learn more.

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