40 Portland Avenue - Old Lyme, CT

$2,500

Beds

2.00

Baths

1,505

SqFt

0.12

Acres

Pricing Insight: Originally listed for $3,100, the price was last adjusted to $2,500 on March 28, 2026, a –$600 (19.4%) change, approximately 0 days ago. This property has been on the market for approximately 170 days.

40 Portland Avenue, Old Lyme, CT is a 4-bed, 2-bath, 1,505 square foot home built in 1930 , featuring other architecture.

This home is within the Old Lyme school district. Local, with nearby schools including Per Board of Ed.

MLS #: 24132071

Offered Price: $2,500

Residence Type: Residential Rental

Architectural Style: Other

Living Area: 1,505 Sq. Ft.

Lot Size: 0.12 Acres

Neighborhood: Sound View

County: New London

Year Built: 1930

Design & Construction: N/A

Heating: Baseboard

Cooling: None

Garage Spaces: 0

Price per Sq Ft as listed: $2

Estimated Tax: $0

Days on Market: 170

$750,000

3 Beds · 2 Baths · 1,608 Sq Ft

44 Hartford Avenue, Old Lyme

$2,950

4 Beds · 2 Baths · 2,000 Sq Ft

55 Swan Avenue, Old Lyme

$5,000

5 Beds · 3 Baths · 3,328 Sq Ft

48 Swan Avenue, Old Lyme

$1,800

0 Beds · 1 Baths · 750 Sq Ft

48 Swan Avenue, Old Lyme

$495,000

1 Beds · 1 Baths · 656 Sq Ft

10 Portland Avenue, Old Lyme

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Oil, Propane

Fuel Type: Baseboard

Fuel Tank Location: Above Ground

Cooling System: None

Hot Water System: 40 Gallon Tank

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $2 / Sq. Ft.

Tax assessed value: $0

Estimated Tax: $0

Architectural Style: Other

Design & Construction: N/A

Residence Type: Residential Rental

Year Constructed: 1930

Living Area: 1,505 Sq. Ft.

Lot Size: 0.12 Acres

Fuel: Oil,Propane

Loading automated valuation...

AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

Request CMA Schedule Tour

Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in Old Lyme
Statistical modeling algorithms

Local Market Context

Active Listings: 22

Average Price: $743,384

Average DOM: 170 days

Complimentary CMAs, no obligation

Beach time - Do you want to live by the Beach with Beach access privilege's but not wanting to pay Academic weekly rates. Here is the opportunity, 40 Portland Avenue year round living..(The rental amount for Dec thru May this year 2025-2026 is a special/incentive by owner of $2500 a month for those 6 months) Welcome to year round living in the established Beach Community of the scenic Old Lyme. Located 40 Portland Avenue, you will find this comfy 3 bedroom 1 bathroom home. Renovated and upgraded. New Luxury vinyl planks now throughout most of the home. With 2 off-street parking spaces, Beach rights. Also included in the price is the 1-2 bedroom studio/ In-law connects to the home, which has its own access and parking space. Pets are allowed with an additional $25 each month per pet. A good credit score and income to sustain the rent is required. Application can be completed on-line.

Continue reading ▾

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 • 0.1 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.

22

Homes For Sale

$743,384

Average List Price

Mechanicals & Utilities: Baseboard • Oil,Propane • None • Shared Well water

Exterior Features

Utilities: Water: Shared Well

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

Steve Simos

Real Estate Advisor

Old Lyme • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0003

george@appzentric.com

Good afternoon Steve, I'm interested in
40 Portland Avenue, Old Lyme, Connecticut

By proceeding, you consent to receive calls and texts at the number you provided, and artificial voice, and email, from motif about your inquiry and similar properties. Your personal information will never be sold or given to a 3rd party.

motif, the motif logo, and other various trademarks, logos, designs, and slogans are the registered and unregistered trademarks of motif, LLC. dba Motif Luxe International Realty in the U.S. and/or other countries. Corporate Responsibility, Privacy & Legal Notices: motif is a licensed real estate broker, licensed to do business as Motif LLC. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property conditions), such should be independently verified, and Motif expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to real estate for sale on this website appears in part through the SmartMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SmartMLS through a licensing agreement. Listing information is from various brokers who participate in the SmartMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc. MLS

. Designed by Appzentric for motif

Good afternoon. Welcome to 40 Portland Avenue, Old Lyme, CT