47 Hartford Ave Old Lyme, CT 06371
Estimated payment $2,288/month
Highlights
- Ocean Front
- Mile Creek School Rated A
- Attic
About This Home
Incredible investor and builder opportunity just steps from the beach. Formerly home to a pizzeria and ice cream parlor on the first floor and a beach-shack hotel upstairs, 47 Hartford Ave has now been fully gutted to the studs and is primed for redevelopment. Located within Old Lyme's sought-after shoreline district, the property sits less than a 2-minute walk to the beach and showcases water views from the second-floor sunroom. With demolition complete, the site offers a clean slate and flexible multi-level footprint suited for a variety of uses. Preliminary zoning research suggests the square footage can comfortably support a 3-unit configuration, and with an approved variance, additional residential space may also be added on the first floor. Whether you're envisioning a custom coastal home, a restored mixed-use building, rental income property, restaurant, storefront, or a combination of these, the location and structure deliver exceptional potential. Offered at $380,000, this is a rare chance to reimagine a piece of Old Lyme's beachside past into something new and highly profitable. Additional photos available. Cash only. Proof of funds required. Listing agent must be present, and a hold-harmless agreement must be signed prior to touring. Alternate MLS #24143113
Listing Agent
Carbutti & Co., Realtors Brokerage Phone: (203) 710-6157 License #RES.0817562 Listed on: 12/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,491
Year Built
- Built in 1930
Lot Details
- 5,663 Sq Ft Lot
- Ocean Front
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Masonry
Interior Spaces
- 5,134 Sq Ft Home
- Water Views
- Walkup Attic
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- No Heating
- Private Company Owned Well
- No Hot Water
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1555033
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,491 | $215,100 | $92,800 | $122,300 |
| 2024 | $4,360 | $178,700 | $85,900 | $92,800 |
| 2023 | $4,199 | $178,700 | $85,900 | $92,800 |
| 2022 | $4,199 | $178,700 | $85,900 | $92,800 |
| 2021 | $4,164 | $178,700 | $85,900 | $92,800 |
| 2020 | $4,146 | $178,700 | $85,900 | $92,800 |
| 2019 | $3,554 | $158,600 | $78,100 | $80,500 |
| 2018 | $3,475 | $158,600 | $78,100 | $80,500 |
| 2017 | $3,450 | $158,600 | $78,100 | $80,500 |
| 2016 | $3,362 | $158,600 | $78,100 | $80,500 |
| 2015 | $3,270 | $158,600 | $78,100 | $80,500 |
| 2014 | $3,269 | $166,300 | $76,400 | $89,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $380,000 | -- | $74 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | None Available | |
| Warranty Deed | $40,000 | None Available | |
| Warranty Deed | $40,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | Commercial |
Source: SmartMLS
MLS Number: 24144072
APN: OLYM-000080-000000-000014
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