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    57 Walnut Hill Rd East Lyme, CT 06333

    Pending
    For Sale
    $475,000

    Residential Land - East Lyme, CT

    Lot size:
    42.62 Acres
    Days on Market:
    623
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 57 Walnut Hill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R40
    APN
    1472334
    Lot size
    42.62 Acres

    Building Details

    Architectural style
    Other

    William Pitt Sotheby's International Realty [email protected]

    Listing agent Allyson Cotton (860) 434-2400

    Listing date Mar 29, 2024

    MLS# 170590986 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Lyme Residential Land Opportunity

    This 42.62-acre parcel of residential land is located on Walnut Hill in East Lyme, Connecticut, less than a mile from Route 161. The property, zoned R40, presents a development opportunity with a topo, survey, and feasibility study indicating the potential for 13 lots, surrounded by 20 acres of open space. Test pit data and soil results are favorable and available to facilitate the subdivision process. A preliminary road base of 700 feet has been started, with a road cut onto Walnut Hill Road. The location offers convenient access to I-95, Route 85, and Route 2, which may appeal to commuters. There are no square footage or design restrictions, allowing for a variety of efficient home styles. The property may be suitable for builders, developers, and investors looking to capitalize on the demand for new construction in New London County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.23067
    Latitude
    41.411022

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    FAQs

    What type of property is this?
    Land - 42.62-acre residential land parcel with development potential in East Lyme.
    Where is this land located?
    The property is located at 57 Walnut Hill Rd East Lyme, CT.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Large 42.62-acre parcel suitable for development with a feasibility study indicating 13 lots and 20 acres of open space.; - Convenient location less than a mile from Rt 161, offering easy access to I-95, Rt 85, and Rt 2.; - Favorable test pit data and soil results available to expedite the subdivision process.
    (860) 434-2400
    Request Owner's contact information
    57 Walnut Hill Rd East Lyme, CT 06333
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    East Lyme, CT 06333
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    57 Walnut Hill Rd East Lyme, CT 06333
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