This home's estimate is 61.8% lower than the average sale price ($1.16M) of 6 comparable homes.
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- Property details
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284 Shore Rd, Old Lyme, CT 06371
About this home
"The Shoreline Opportunity" MAXIMUM INVESTMENT: Potential for Two Separate 3-Bedroom Units Under CT-830G! When opportunity knocks, you take it! This is the premier development opportunity @ 284 Shore Road. The existing structure offers maximum future value as a single home or as two separate 3-bedroom residential units under the powerful CT-830G provisions (current septic in place), subject to approvals! The newer roof minimizes stress; a big ticket item is done. The current 3-bedroom apartment is partially cleared for immediate renovation, and the entire lower level is your blank canvas for conversion. Crucially, based on current septic allowance, the structure supports up to six bedrooms total! The property features separate utilities on 1st and 2nd floor if multi-family conversion is approved. The Location Defines the Lifestyle: You are directly across from the main public beach road and hold a permissible private boat mooring opportunity nearby! Enjoy this golf-cart-friendly neighborhood where sidewalk-lined streets provide ADA access all the way to the beach. Blocks away, find coastal shops, restaurants, and entertainment. Drive your golf cart to the beach for front-row parking. Nearby attractions include Rocky Neck State Park and the Connecticut River. Features include a large paved parking area and a newer 350 sq ft paver patio. Though the property needs investment, the potential for equity and coastal living is immense. Secure your Old Lyme investment and future
Redfin Estimate
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Last updated August 2026
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Sale history for 284 Shore Rd
$159/sq ft
$189/sq ft
$83/sq ft
$101/sq ft
$106/sq ft
$81/sq ft
$107/sq ft
Tax history for 284 Shore Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Garage Information
- Garage & Parking: Paved, Off Street Parking
- Parking Information
- Parking Total Spaces: 10
Interior
- Interior Information
- Total Rooms: 5
- Laundry Room Info: Lower Level, Upper Level
- In-Law Apartment: Possible
- In-Law Access: Lower Level, Separate Entry
- Room Information
- Rooms Additional: Bonus Room
- Basement Description: None
- Has Attic
- Attic Description: Storage Space, Walk-up
Exterior
- Exterior Features
- Roof Information: Asphalt Shingle
- Exterior Siding: Shake, Brick, Wood
- Exterior Features: Porch-Enclosed, Balcony, Sidewalk, Porch, Gutters, Covered Deck, Patio
- Lot Information
- Lot Description: Fence - Partial, Level Lot, Cleared
- Building Information
- Foundation Type: Concrete, Slab
- Construction Description: Frame, Brick, Concrete
- Property Information
- Waterfront Description: Walk to Water, Dock or Mooring, Access
- Property Type: Single Family For Sale
- Living Area SQFT Per Public Record: 1980
Financial
- Assessments Information
- Assessed Value: $246,500
Utilities
- Utility Information
- Water Source: Public Water Connected
- Sewage System: Septic
- Hot Water Description: Electric
- Heat Type: Hot Air
- Heat Fuel Type: Oil
- Fuel Tank Location: Above Ground
Location
- School Information
- Middle Jr High School: Lyme-Old Lyme
- Intermediate School: Per Board of Ed
- High School: Lyme-Old Lyme
- Elementary School: Mile Creek
- Location Information
- State: Connecticut
- Nearby Amenities: Bocci Court, Commuter Bus, Golf Course, Lake, Library, Park, Public Transportation, Walk to Bus Lines
- Directions: I-95 to Shore Road, Number 284.
- County: New London
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 1,980
- Stories: 2.0
- Lot Size: 6,098 square feet
- Style: Other
- Year Built: 1947
- Year Renovated: —
- County: New London County
- APN: 1555619
Around this home
Schools
Public K-5 • Assigned • 0.5mi
Public 6-8 • Assigned • 3.2mi
Public 9-12 • Assigned • 3.1mi
Lifestyle
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Sun exposure
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Nearby similar homes
New listings for sale in 06371
Home values near 284 Shore Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 690 Sq. Ft. | $266,624 |
2 Beds | 1.5 Baths | 806 Sq. Ft. | $416,236 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1950 Sq. Ft. | — |
3 Beds | 1 Baths | 564 Sq. Ft. | $336,092 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $939,369 |
2 Beds | 1 Baths | 1200 Sq. Ft. | $429,562 |
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