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    741 Echo Lake Rd Watertown, CT 06795

    For Sale
    $4,330,000

    Residential Land - Watertown, CT

    Lot size:
    17.29 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 12 at 10:06 am

    Property Features for 741 Echo Lake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R30
    APN
    910580
    Lot size
    17.29 Acres

    Building Details

    Architectural style
    Other

    Ghent Realty Advisors (203) 543-2847 [email protected]

    Listing agent Robert Ghent (203) 597-1077

    Listing date Oct 13, 2025

    MLS# 24122642 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

    Watertown Land with Development Potential

    This 17.29-acre property is located at the intersection of Echo Lake Road and Buckingham Street (Route 262) in Watertown, Connecticut. The site is zoned R-30, augmented by a Residential/Office Transition Overlay Zone, which permits multifamily dwellings with a density not to exceed 8 units per acre. Public water, public sewer, and high-speed internet are available. The location provides access to schools. A site plan approval exists for Phase I, consisting of 21 units, per the site plan. The property presents a development opportunity in a market with limited multifamily development options, coupled with statewide demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.094464
    Latitude
    41.6080183

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    FAQs

    What type of property is this?
    Land - 17.29 acres in Watertown, CT, with multifamily development potential.
    Where is this land located?
    The property is located at 741 Echo Lake Rd Watertown, CT.
    What is the asking price?
    The asking price for this property is $4,330,000.
    What are key features of this property?
    This property features: - Development opportunity: 17.29 acres in R-30 zone with Residential/Office Transition Overlay.; - Multifamily development potential: Overlay zone allows up to 8 units per acre.; - Access to public water and sewer.
    (203) 597-1077
    Request Owner's contact information
    741 Echo Lake Rd Watertown, CT 06795
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    Watertown, CT 06795
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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
    741 Echo Lake Rd Watertown, CT 06795
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