59 Saltaire Drive - Old Lyme, CT

$850,000

Beds

2.00

Baths

1,459

SqFt

0.09

Acres

Pricing Insight: Originally listed for $850,000, the price has remained unchanged for approximately 36 days. This property has been on the market for approximately 36 days. MLS reports 16 Days on Market (DOM) before it went under contract.

59 Saltaire Drive, Old Lyme, CT is a 4-bed, 2-bath, 1,459 square foot home built in 1959 , featuring cape cod,cottage architecture. This home is part of a homeowners association, with dues of $800 paid annually. The HOA fee includes: lake/beach access, security service, and road maintenance.

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

MLS #: 24155422

Offered Price: $850,000

Residence Type: Single Family

Architectural Style: Cape Cod,Cottage

Living Area: 1,459 Sq. Ft.

Lot Size: 0.09 Acres

Neighborhood: Old Lyme Shores

County: New London

Year Built: 1959

Design & Construction: Frame

Heating: Hot Air

Cooling: None

Garage Spaces: 0

Price per Sq Ft as listed: $583

Estimated Tax: $8,664

Days on Market: 16

$5,500

4 Beds · 3 Baths · 2,247 Sq Ft

27 Brightwater Road, Old Lyme

$1,800

0 Beds · 1 Baths · 750 Sq Ft

48 Swan Avenue, Old Lyme

$5,000

5 Beds · 3 Baths · 3,328 Sq Ft

48 Swan Avenue, Old Lyme

$2,950

4 Beds · 2 Baths · 2,000 Sq Ft

55 Swan Avenue, Old Lyme

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Propane

Fuel Type: Hot Air

Fuel Tank Location: Above Ground

Cooling System: None

Hot Water System: Electric, Tank Size Unknown

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $583 / Sq. Ft.

Tax assessed value: $533,800

Estimated Tax: $8,664

Architectural Style: Cape Cod,Cottage

Design & Construction: Frame

Residence Type: Single Family

Year Constructed: 1959

Living Area: 1,459 Sq. Ft.

Lot Size: 0.09 Acres

Fuel: Propane

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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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: 16 days

Complimentary CMAs, no obligation

Tucked away in the highly sought-after Old Lyme Shores Beach Association, this charming 4-bedroom, 1.5-bath seasonal beach house offers the perfect opportunity to create your dream coastal retreat! Just a few homes up from the association's private beach, the property features a 3-season front porch with beautiful water views, an outdoor shower with both hot and cold water, a storage shed, and off-street parking in a private driveway. With strong rental potential and a history of loyal summer tenants returning for decades, this home presents an excellent opportunity for both personal enjoyment and investment in one of Old Lyme's most desirable shoreline communities. This home will convey fully furnished!

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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 • 0.1 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: Hot Air • Propane • None • Public Water Connected water

Exterior Features

Exterior Construction: Wood

Roof Type: Asphalt Shingle

Foundation: Block,Concrete

Patio/Deck: Garden Area,Covered Deck

Utilities: Water: Public Water Connected

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

George Antonopoulos

Real Estate Advisor

Old Lyme • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0001

george@appzentric.com

Good afternoon George, I'm interested in
59 Saltaire Drive, Old Lyme, Connecticut

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