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Good evening. Welcome to 488 Lake Drive, Guilford, CT

$500,000
1
Beds
1.00
Baths
821
SqFt
0.48
Acres

Pricing Insight: Originally listed for $500,000, the price has remained unchanged for approximately 11 days. This property has been on the market for approximately 11 days. MLS reports 11 Days on Market (DOM) before it went under contract.

488 Lake Drive, Guilford, CT is a 1-bed, 1-bath, 821 square foot home built in 1937 , featuring ranch architecture.

This home is within the Guilford school district. Local, with nearby schools including Melissa Jones.

MLS #: 24192432

Offered Price: $500,000

Residence Type: Single Family

Architectural Style: Ranch

Living Area: 821 Sq. Ft.

Lot Size: 0.48 Acres

Neighborhood: North Guilford

County: New Haven

Year Built: 1937

Design & Construction: Frame

Heating: Baseboard,Wall Unit,Other

Cooling: Ductless,Split System

Garage Spaces: 1

Price per Sq Ft as listed: $609

Estimated Tax: $6,288

Days on Market: 11

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Electric, Propane

Fuel Type: Baseboard, Wall Unit, Other

Fuel Tank Location: Above Ground

Cooling System: Ductless, Split System

Hot Water System: Propane, Domestic

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $609 / Sq. Ft.

Tax assessed value: $227,430

Estimated Tax: $6,288

Architectural Style: Ranch

Design & Construction: Frame

Residence Type: Single Family

Year Constructed: 1937

Living Area: 821 Sq. Ft.

Lot Size: 0.48 Acres

Fuel: Electric,Propane

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AUTOMATED VALUATION ESTIMATE

Powered by Realtors Property Resource® (RPR)

Note: Computer-generated estimate, not an appraisal.

Understanding This Valuation

The RPR AVM considers:

  • Recent sales of comparable properties
  • Property characteristics and location
  • Market trends in Guilford
  • Statistical modeling algorithms
Local Market Context
Active Listings: 77
Average Price: $1,319,736
Average DOM: 11 days

Complimentary CMAs, no obligation

Incredible opportunity to own a direct lakefront property. Built in 1937 and well-cared for through the years, this 1 Bedroom, 1 Bath home situated on a generous .48 acre lot has sweeping views and over 100' of beach/lake frontage with a private dock. Lake Quonnipaug is an angler's paradise; a serene 98-acre, spring-fed lake regularly stocked with trout by the CT DEEP, alongside thriving large-mouth bass, yellow perch, and chain pickerel. Perfect conditions for seamless kayaking, paddle boarding, swimming, and boating right from your backyard. Need something a little quieter to do? Enjoy quiet mornings observing resident herons, egrets, swans, ducks, and geese. Directly across sits the sandy Lake Quonnipaug Town Beach. Also just minutes from premier hiking at Bluff Head Trailhead and the scenic Guilford Lakes golf course. There is endless potential; use it immediately as a cozy summer getaway, a lucrative rental, or build your ultimate custom lakefront estate. Newer roof, split units, appliances. Includes 1 car-detached garaged and a sweet little shed across the bridge over the stream all on your own property. So many memories and fun to be made right here!

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Flood Risk Assessment Water Body Detected Nearby

Water Proximity Detected: This property exhibits indicators suggesting nearby or referenced water features
Location Analysis:
Water features noted
Water Proximity:
Near water body
Topography:
Standard terrain • 0.5 acres
Water Indicators Found:
  • Water-related features referenced in listing details
Recommendations:
  • Professional flood assessment advised
  • Based on identified water-related indicators, flood insurance may warrant consideration
  • Consult FEMA Flood Maps for zone verification
  • Evaluate drainage systems
  • Review local flood history
Risk Level: Moderate

Property near water bodies. Consider flood insurance.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

  • Dining & Café Access: Low to Moderate
  • Daily Services: Limited
  • Recreational Space: Limited Nearby
How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

  • Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
  • Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

77

Homes For Sale

$1,319,736

Average List Price

Mechanicals & Utilities: Baseboard,Wall Unit,Other • Electric,Propane • Ductless,Split System • Private Well water

Exterior Features

Exterior Construction: Vinyl Siding

Roof Type: Shingle

Foundation: Slab

Driveway: Private,Paved

Garage: Detached Garage,Paved,Driveway (1 car)

Parking: 4 Total

Patio/Deck: Shed,Deck,Patio

Utilities: Water: Private Well

Outbuildings: Shed,Deck,Patio

Only motif connects you to a certified
"Local Market Expert"

Agent Photo
Steve Simos
Real Estate Advisor
Guilford • Connecticut Shoreline
Licensed Real Estate Agent – Connecticut
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 Verified Motif Advisor
Good evening Steve, I'm interested in
488 Lake Drive, Guilford, Connecticut
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Steve Simos
george@appzentric.com
203-915-6183
Presented by motif • Source: MLS • Listed by: Robin Keegan • William Raveis Real Estate • MLS# 24192432