$995,000
$55K PRICE DROP

55 Cypress Rd Old Saybrook, CT 06475

Estimated payment $6,276/month

Total Views 10,637
3 Beds
2.5 Baths
1,916 Sq Ft
$519 Price per Sq Ft

Highlights

  • Waterfront
  • Colonial Architecture
  • Clubhouse
  • Kathleen E. Goodwin School Rated A-
  • Fruit Trees
  • Deck

About This Home

Invest, Vacation, or Stay Forever - Knollwood Beach Gem! Perched above the salt marsh and just steps from Knollwood Beach, this 3BR/2.5BA home offers stunning views and year-round coastal living. Enjoy a BRAND NEW high-end eat-in kitchen with fireplace, two spacious living rooms (one could be converted to first floor primary suite), and a heated sunroom overlooking Beamon Creek's wildlife. Morning and sunset views over the salt marsh is what makes this home truly special. The upstairs primary suite features a walk-in closet and en-suite bath; all bedrooms have custom California Closets. The partially finished lower level is perfect for a gym, playroom, or office, with extra storage and laundry hookup. Outside, entertain on your deck, stroll or golf cart to the private beach, or launch your kayak from the backyard. Community amenities include a clubhouse, playground, tennis/pickleball courts, and weekly trash/recycling. Perfect for an investor, second-home owners, or year-round resident, with a proven short-term rental history. Academic and long-term rental options available. Video link attached to listing.

Listing Agent

Tina Rupp

William Pitt Sotheby's Int'l License #RES.0799372 Listed on: 06/07/2025

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,675

Year Built

  • Built in 1978

Lot Details

  • 0.51 Acre Lot
  • Waterfront
  • Fruit Trees
  • Garden

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,916 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Heated Enclosed Porch
  • Home Gym
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook Middle School
  • Old Saybrook High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1023283

Community Details

Overview

  • Association fees include club house, tennis, lake/beach access, trash pickup

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,675

Year Built

Built in 1978

Lot Details

0

HOA Fees

$105 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1916
  • Total Sq Ft: 1916
  • Year Built: 1978
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Medical Facilities, Park, Playground/Tot Lot, Tennis Courts
  • Association Amenities: Club House, Playground/Tot Lot, Tennis Courts
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Living Area Sq Ft Per Public Record: 1916
  • Spec Assoc Asses: No
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Full With Hatchway
  • Interior Amenities: Cable - Available
  • Appliances: Electric Cooktop, Wall Oven, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Exercise Room
  • Laundry Room Location: Upper level
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 55

Exterior Features

  • Exterior Features: Porch-Heated, Fruit Trees, Porch, Deck, Gutters, Garden Area
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Harbor Walk to Water Beach Rights View Access
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil, Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Tennis, Lake/Beach Access, Trash Pickup
  • HOA Fees: 1264
  • HOA Fee Frequency: Annually

Schools

  • Elementary School: Kathleen E. Goodwin
  • Middle School: Old Saybrook
  • High School: Old Saybrook

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.51
  • Lot Description: Level Lot Sloping Lot Water View
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: A
  • Parcel #: 1023283

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 8675
  • Total Assessed Value: 559700
  • Mil Rate Total: 15.5

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • Middle Jr High School: Old Saybrook
  • High School: Old Saybrook

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,675 $559,700 $287,100 $272,600
2024 $8,507 $559,700 $287,100 $272,600
2023 $6,693 $327,300 $187,500 $139,800
2022 $6,572 $327,300 $187,500 $139,800
2021 $6,562 $327,300 $187,500 $139,800
2020 $6,562 $327,300 $187,500 $139,800
2019 $6,464 $327,300 $187,500 $139,800
2018 $7,127 $363,600 $195,600 $168,000
2017 $7,148 $363,600 $195,600 $168,000
2016 $7,003 $363,600 $195,600 $168,000
2015 $6,839 $363,600 $195,600 $168,000
2014 $6,727 $363,600 $195,600 $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $995,000 -5.2% $519 / Sq Ft
08/08/2025 08/08/25 For Sale $1,050,000 0.0% $548 / Sq Ft
07/17/2025 07/17/25 Off Market $1,050,000 -- --
06/20/2025 06/20/25 For Sale $1,050,000 +127.0% $548 / Sq Ft
11/15/2018 11/15/18 Sold $462,500 -3.4% $241 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
09/26/2018 09/26/18 Price Changed $479,000 -3.7% $250 / Sq Ft
09/06/2018 09/06/18 For Sale $497,500 +5.9% $260 / Sq Ft
12/29/2017 12/29/17 Sold $470,000 -2.8% $214 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
10/01/2017 10/01/17 Price Changed $483,500 -2.7% $220 / Sq Ft
09/09/2017 09/09/17 For Sale $497,000 -- $226 / Sq Ft
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $462,500 --
Deed $470,000 --
Quit Claim Deed -- --
Warranty Deed $497,000 --
Warranty Deed $360,000 --
Warranty Deed $325,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $273,000 Stand Alone Refi Refinance Of Original Loan
Closed $270,000 Purchase Money Mortgage
Previous Owner $270,000 Purchase Money Mortgage
Previous Owner $160,000 No Value Available
Source: Public Records

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Source: SmartMLS

MLS Number: 24098088

SmartMLS

APN: OSAY-000004-000034