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    7-43 Pierce Rd Rd Preston, CT 06365

    Sponsored
    For Sale
    $1,200,000

    Prime CT Farm: 2 Homes, Horse Barns, Trails

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 75.09-acre property in Preston, Connecticut, presents a unique opportunity for equestrian enthusiasts and developers. Ideally situated in Southeastern Connecticut, near the Mystic Coast and countryside, this land boasts a prime location offering both coastal access and rural tranquility. The property includes two existing homes—a two-bedroom and a three-bedroom residence—providing ample living space for owners or potential rental income. Equine facilities are already established, featuring a main barn and a five-stall horse barn, perfect for housing and caring for horses. Extensive riding trails wind throughout the property, creating a picturesque setting for riding and equestrian activities. The R-80 zoning allows for various development possibilities, making this a versatile investment. With its existing structures and ample acreage, this farm is ready for immediate use or further development to create a premier equestrian center or a luxurious private estate. The property's size and features make it an ideal location for expanding existing facilities or creating new ones, such as riding rings and event areas. This is a rare opportunity to acquire a substantial and well-appointed equestrian property in a highly desirable location.

    Property Features for 7-43 Pierce Rd Rd

    General Information

    Property type
    Farms
    Lot Size
    3,270,920 SF

    HighLights

    • Potential equestrian property development opportunity.
    • Prime Southeastern Connecticut location near Mystic, offering coastal and country living.
    • 75‑acre parcel ideal for equestrian development.
    • Two homes (2‑bedroom and 3‑bedroom), main barn, and 5‑stall horse barn included.
    • Established riding trails on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Preston
    County
    New London
    State
    Connecticut
    Longitude
    -71.9571209
    Latitude
    41.5324216

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    FAQs

    What type of property is this?
    Farm - Prime CT Farm: 2 Homes, Horse Barns, Trails
    Where is this farm located?
    The property is located at 7-43 Pierce Rd Rd Preston, CT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Potential equestrian property development opportunity.; Prime Southeastern Connecticut location near Mystic, offering coastal and country living.; 75-acre parcel ideal for equestrian development.
    Request Owner's contact information
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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
    7-43 Pierce Rd Rd Preston, CT 06365
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