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Watertown Land Development Opportunity

741 Echo Lake Road Watertown, CT 06795

741 Echo Lake Road, Watertown, CT, 06795
$4,330,000
For Sale
Under Contract
$4,330,000

LAND - Watertown, CT

Lot Size17.29 Acres
Days on Market328

Property Features for 741 Echo Lake Road

General Information

Property type
Land
Property subtype
Other
Zoning
R30
Standard status
Active Under Contract
Lot size
17.29 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
3165

Utilities

Utilities
Cable Available, Phone Available
Sewer type
Public Sewer
Water source
Public
Listing agency Ghent Realty Advisors
Listed by Robert Ghent · License #REB.0790043
Added: Aug 28, 2025 Updated: Jul 19 at 7:20AM Checked: Jul 21 at 5:06PM
MLS# 24122642

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire and develop 17.29 acres of land located at the intersection of Echo Lake Road and Buckingham Street (Route 262) in Watertown, CT. The property is situated in an R-30 Zone District, enhanced by a Residential/Office Transition Overlay Zone, as per Section 4.4 of the Watertown Zoning Regulations. This overlay zone allows for multifamily dwellings with a density not exceeding 8 units per acre, as specified in Section 4.4 D. 4 of the Watertown Zoning Regulations. Essential infrastructure is available, including public water, public sewer, and high-speed internet, along with access to schools. The site is accessible from the corner of Echo Lake Road and Buckingham Street (CT Route 262). The market presents a limited opportunity for multifamily development, coupled with statewide demand. Site plan approval has been granted for Phase I, consisting of 21 units, according to the site plan.

Key Highlights

  • 17.29‑acre land parcel at the corner of Echo Lake Road and Buckingham Street (Ct Rte 262) in Watertown Ct
  • Zoned R‑30 with a Residential/Office Transition Overlay (Section 4.4 Watertown Zoning Regulation)
  • Overlay zone permits multifamily dwellings at up to 8 units per acre (Sec. 4.4 D. 4 WZR)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Real Estate Agency Dental Office Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Auto Parts Store Nail Salon

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

FAQs

What type of property is this?
Residential land & home lot - 17.29 acres in Watertown, CT, ideal for multifamily development.
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: 17.29‑acre land parcel at the corner of Echo Lake Road and Buckingham Street (Ct Rte 262) in Watertown Ct; Zoned R‑30 with a Residential/Office Transition Overlay (Section 4.4 Watertown Zoning Regulation); Overlay zone permits multifamily dwellings at up to 8 units per acre (Sec. 4.4 D. 4 WZR)
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