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. $2,550 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!
Lot Description: Lightly Wooded, Cleared, Water View
Building Information
Foundation Type: Block
Construction Description: Frame
Color: Gray
Property Information
Waterfront Description: Walk to Water, Association Optional, View
Property Type: Single Family For Sale
Living Area SQFT Per Public Record: 930
Financial
Assessments Information
Assessed Value: $235,480
Utilities
Utility Information
Water Source: Private Well
Sewage System: Septic
Hot Water Description: Propane, Domestic
Heat Type: Hot Air
Heat Fuel Type: Propane
Fuel Tank Location: Above Ground
Location
School Information
High School: Ridgefield
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Lake, Library, Park, Public Rec Facilities
Directions: Bennett's Farm to Mountain Road
County: Fairfield
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 930
Stories: 1.0
Lot Size: 7,841 square feet
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1979
County: Fairfield County
APN: 276807
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 4
Around this home
Schools
Ridgebury Elementary School
Public PreK-5 • Assigned • 0.7mi
9/10
Scotts Ridge Middle School
Public 6-8 • Assigned • 2.0mi
9/10
Ridgefield High School
Public 9-12 • Assigned • 1.8mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Ridgefield, CT • 06877
Average low and high temperatures (°F)
33
20
35
21
52
33
61
42
68
50
79
60
83
65
80
59
76
56
65
46
53
36
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in Ridgefield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$590,000 – $715,000
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