Here Are the Most Recent Property Sales In Old Lyme

OLD LYME, CT — A 14.6-acre estate on Neck Road, a trio of compact beach colony cottages commanding eye-popping prices per square foot, and a move-in-ready three-bedroom on Hefflon Farm Road round out a revealing five-sale stretch in Old Lyme. Here's a look at the most recent closings recorded on Zillow.com, newest to oldest.

The most recent sale in this batch closed July 15 at 42 Old Colony Road, a two-bedroom, one-bath single-family home that sold for $540,000. The number that will stop you cold: at 688 square feet on a 0.06-acre lot, this home traded at approximately $785 per square foot — the highest price-per-foot in this entire batch and one of the most striking figures in recent Old Lyme sales history. Old Colony Road sits within one of Old Lyme's shoreline beach communities, where the logic of conventional real estate pricing gives way to a completely different set of rules. On lots this small, in communities this close to the water, buyers are not purchasing square footage or land — they are purchasing a way of life, a membership in a place, and proximity to the Connecticut shoreline that no amount of inland acreage can replicate. Half a million dollars for 688 square feet is, in that context, entirely its own story.

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21 Hefflon Farm Road closed July 14 at $925,000, the week's second-highest sale by price. The three-bedroom, three-bath single-family offers 2,204 square feet on 0.6 acres — the largest lot among the non-estate sales in this batch and a comfortable suburban footprint by any measure. At roughly $420 per square foot, it is the most moderately priced home on a per-foot basis among the single-family sales, and it represents the kind of well-proportioned Old Lyme property — enough space inside, enough yard outside, three full baths — that draws buyers who want the town's character without the compromises of a beach cottage or the carrying costs of a full estate.

The week's undisputed headliner is 1 & 3 Neck Road, which closed July 13 at $1,725,000 — the highest sale in this batch by a wide margin. The four-bedroom, four-bath single-family encompasses 6,742 square feet on 14.6 acres, making it by far the largest home and the largest lot in this roundup. At approximately $256 per square foot, it posts the lowest price-per-foot of any home in the batch — a reflection of just how much square footage and acreage buyers were getting for their $1.725 million. Neck Road in Old Lyme runs toward the Lieutenant River and some of the town's most expansive and private properties. Fourteen and a half acres in this corridor, combined with 6,742 square feet of interior space and four full baths, represents a scale of estate living that is increasingly rare anywhere in coastal Connecticut.

15 Washington Ave. closed July 7 at $425,000 — the lowest sale price in this batch, but one whose per-square-foot figure tells a far more interesting story. The three-bedroom, one-bath single-family sits on just 0.09 acres and offers 816 square feet of living space. At approximately $521 per square foot, it is the second-highest price-per-foot in the entire roundup, trailing only the Old Colony Road sale. Washington Avenue is another Old Lyme beach community address, and the pattern here mirrors what's happening at 42 Old Colony Road: compact footprint, minimal land, and a price that reflects location with a precision that square footage alone cannot capture. Three bedrooms in 816 square feet is a tight but workable configuration for a seasonal or weekend property, and at $425,000, this represents the closest thing to an entry point into Old Lyme's waterfront community ecosystem.

Rounding out the week, 34 Corsino Ave. sold July 2 for $585,000. The three-bedroom, one-bath single-family encompasses 850 square feet on a 0.23-acre lot — the largest parcel among the three beach colony-style properties in this batch, though still compact by conventional standards. At roughly $688 per square foot, it is the third-highest price-per-foot in the roundup and, like its counterparts on Old Colony Road and Washington Avenue, a vivid illustration of how shoreline community demand in Old Lyme operates almost entirely outside the usual metrics. Corsino Avenue is tucked into one of Old Lyme's Sound View-area beach neighborhoods, where the combination of community access, summer tradition, and proximity to Long Island Sound has sustained demand at price points that would astonish buyers shopping by the square foot anywhere else in the state.

What this says about the Old Lyme market: This week's five sales are almost a split-screen portrait of two Old Lymes existing simultaneously. On one side: a 14.6-acre estate and a 0.6-acre single-family home with three full baths, both catering to buyers seeking conventional measures of space and land. On the other: three beach colony cottages ranging from 688 to 850 square feet, all selling for more per square foot than the estate by a factor of two or three. The $785-per-square-foot figure at 42 Old Colony Road, the $688 at 34 Corsino Ave., and the $521 at 15 Washington Ave. are not anomalies — they are the predictable result of finite, highly desirable shoreline community inventory meeting persistent, season-driven demand. In Old Lyme, location has always commanded a premium. This week's data is a reminder of just how steep that premium can be.