Watertown Land with Development
For Sale
$4,330,000
Pending
741 Echo Lake Road, Watertown, CT 06795
17.29 acres in Watertown, CT, with multifamily development potential.
Property SizeContact for details
Lot Size17.29 Acres
Days on Market358
Property Features for 741 Echo Lake Road
General Information
Standard status
Pending
Lot size
17.29 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$3,165
Amenities
Corner Lot
Lightly Wooded
Sloping Lot
Some Wetlands
Listing Agency:
Ghent Realty Advisors
(203) 597-1077
Listed By:
ROBERT GHENT · License #REB.0790043
Source:
Corcoran
Added: Aug 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
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 Ghent Realty Advisors
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire and develop 17.29 acres of land situated at the intersection of Echo Lake Road and Buckingham Street in Watertown, CT. The property is located in an R-30 Zone District, augmented by the application of 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 site is accessible from the corner of Echo Lake Road and Buckingham Street. There is a limited multifamily development market opportunity, together with statewide demand. Site plan approval exists for Phase I, consisting of 21 units, per the site plan.
Key Highlights
- Development opportunity: 17.29 acres in R‑30 zone with Residential/Office Transition Overlay Zone.
- Multifamily development potential: Overlay Zone allows up to 8 units per acre.
- Approved Site Plan: Phase I already approved for 21 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 06795, CT
13,873
Population
5,751
Households
2.4
Avg Household Size
47
Median Age
40%
College-Educated
95%
High-School Grad
25.9 sq mi
ZIP Area
536
Density / Sq Mi
$102,800
Median Household Income
$59,443
Median Earnings
$1,301
Median Rent
$331,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 17.29 acres in Watertown, CT, with multifamily development potential.
Where is this residential land & home lot located?
The property is located at 741 Echo Lake Road 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 Zone.; Multifamily development potential: Overlay Zone allows up to 8 units per acre.; Approved Site Plan: Phase I already approved for 21 units.
