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Approved 55+ Housing Development Land

61 Deerwood Dr, Killingly, CT 06239

For Sale
$699,000

Land with approvals for 51 housing units for sale.

Property SizeContact for details
Days on Market350

Property Features for 61 Deerwood Dr

General Information

Standard status Active
Property subtype Vacant Land
Listing Agency: Lyman Real Estate
Listed By: Maxwell Lyman, Ron Lyman · License CT RES.0833280
Source: Themialeteam
Added: Nov 28, 2025 Changed: Nov 9 Last Checked: Oct 5 at 10:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyman Real Estate

Rey
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Investment Insights

Based on property information with market context.

This property features 51 fully approved housing units intended for residents aged 55 and over. These units are slated for construction in Phases III & IV of the Briarwood Falls development. The location is within minutes of Killingly Center and Killingly Commons, and approximately a half-hour from casinos. Full site plans are available, including architectural drawings for designs of 1,250, 1,450, and 1,600 square feet, representing the first two phases. A 2025 revised estimate places the road and utility costs at $65,667 per lot. The last two units sold in 2025 for $495,000 and $525,000, closing over the asking price in under 20 days.

Key Highlights

  • Approved for 51 units of 55+ housing.
  • Located within minutes of Killingly Center & Killingly Commons.
  • Proximity to casinos (half‑hour).

Property Analytics

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Open Analytics

Suggested Use

Top Pick HVAC Service Real Estate Agency Locksmith Parking Lot & Garage Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 06239, CT

11,410
Population
4,936
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
91%
High-School Grad
23.1 sq mi
ZIP Area
494
Density / Sq Mi
$80,383
Median Household Income
$46,598
Median Earnings
$1,133
Median Rent
$261,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Land in Killingly

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Land - Land with approvals for 51 housing units for sale.
Where is this land located?
The property is located at 61 Deerwood Dr Killingly, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approved for **51 units of 55+ housing**.; Located within minutes of Killingly Center & Killingly Commons.; Proximity to casinos (half‑hour).
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