Looking for an affordable single-family home in Ridgefield? 318 Mountain Road offers a rare opportunity to own at Rainbow Lake, one of Connecticut's most sought-after communities at an attractive price point. Thoughtfully renovated, move-in ready, with an open-concept living, dining, and kitchen area anchored by a striking stone fireplace and filled with natural light from oversized picture windows offering seasonal lake views. The renovated kitchen features a center island, modern finishes, new appliances and quartz countertops with a seamless flow for everyday living and entertaining. Additional updates include new hardwood flooring, fresh interior paint, a stylishly renovated bathroom, newly installed central air conditioning (2025), a new forced hot air heating system, and a new water heater. The primary bedroom opens to a private deck overlooking the peaceful property, while both bedrooms enjoy abundant natural light. The newly finished lower level adds valuable flexible living space ideal for recreation, work-from-home needs, hobbies, or guests. Rainbow Lake rights provide access to swimming, kayaking, fishing, and nearby trails. Whether you're seeking a full-time residence, weekend retreat, or a low-maintenance lifestyle this updated home offers a rare combination of comfort, style, and access to nature. The hard work has already been been done, creating a seamless transition for its next owner. Simply unpack and start enjoying this special home and community.
Room Measurements are approximate.
Single-familyProperty Type
1940Year Built
7,840 sq ftLot Size
$397Price/Sq.Ft.
1 car garageParking
Listed by Heather Lindgren• Coldwell Banker Realty
Est. $2,525 per month, based on comparable rentals
Sale and tax history for 318 Mountain Rd
Sale History
Tax History
Date
Event
Price
Smart MLS #24172905
Aug 18, 2026
Sold
$585,000
$397/sq ft
Jun 23, 2026
Pending
—
May 5, 2026
Listed
$587,000
$398/sq ft
Smart MLS #24066383
Feb 7, 2025
Sold
$460,000
$312/sq ft
Feb 6, 2025
Pending
—
Jan 15, 2025
Contingent
—
Jan 3, 2025
Listed
$449,000
$304/sq ft
Fabulous Ridgefield home with lake rights! This welcoming two bedroom home offers an open concept living, kitchen and dining area, a stunning wood burning stone fireplace and large picture windows with peaks of Rainbow Lake. Set on a quiet street and abutting thousands of acres of open space, this home is a nature lover's dream! Swim, fish, kayak, skate, or hike all from your doorstep! Beach access is less than a five minute walk and the adjoining open space offers 1000s of contiguous acres of protected land. Move-in now and add your touches over time to make this home your perfect retreat. Potential for expansion in the unfinished attic... the only limit is your imagination! Weekenders, down-sizers or just starting out, this home offers a little slice of heaven in one of Connecticut's most coveted towns. Ridgefield boasts a thriving arts scene, top rated schools, museums, restaurants, shopping, and endless recreation opportunities. Famous for its iconic Main Street, picturesque beauty and celebrated sense of community, you'll love every minute of living here! Rainbow Lake is one of the most beautiful walking spots in Ridgefield, set among peaceful lanes with backdrops of shimmering water. Rare opportunity to enter Ridgefield in such a special location! Hurry!