Breathtaking Waterfront Estate Leads Most Recent Property Sales Roundup In East Lyme

EAST LYME, CT — From a multifamily on Gurley Road to a breathtaking waterfront estate on Old Black Point Road, East Lyme's real estate market wrapped June in style. Here's a look at the seven most recent sales recorded on Zillow.com, newest to oldest.

Two properties closed on June 26, and together they offer a study in contrasts.

The first is 26-28 Gurley Road, a five-bedroom, three-bath multifamily home that sold for $560,000. At 2,524 square feet on nearly half an acre, it's the largest property by square footage among the June 26 closings and one of the roomier entries in this entire batch. At roughly $222 per square foot, it's also one of the most affordable on a per-foot basis — a reflection of the multifamily format, which tends to price differently than single-family homes in comparable locations.

Also closing June 26 is 46 Village Crossing #46, a two-bedroom, three-bath condominium that sold for $489,900. At 1,680 square feet, it's a notably spacious condo footprint — three full baths for two bedrooms is a configuration that tends to signal an attached garage or a finished lower level — and at roughly $292 per square foot, the price reflects steady demand for well-appointed East Lyme condos along this corridor.

14 Latimer Drive closed June 23 at $425,000. The three-bedroom, three-bath single-family home spans 1,764 square feet on a 0.48-acre lot — a comfortable package of space and yard in a town where half an acre starts to feel like genuine elbow room. At roughly $241 per square foot, it's among the more modestly priced single-family sales in the batch, and the Latimer Drive address places it in one of East Lyme's established inland neighborhoods.

42 Nehantic Drive closed June 22 and produced one of the week's most striking numbers: $770,000 for a four-bedroom, three-bath home with just 1,578 square feet of living space. That works out to approximately $488 per square foot — by far the highest price-per-square-foot in this entire roundup, and a figure that tells a very specific story about location. Nehantic Drive runs through the Niantic Bay and waterfront-adjacent neighborhoods of East Lyme, where the ground beneath a modest-sized house can carry enormous value. Buyers here weren't paying for square footage; they were paying for where those square feet happen to sit.

38 Irvingdell Place closed June 18 at $430,000. The three-bedroom, one-bath single-family home offers 1,380 square feet on a 0.46-acre lot — the smallest bathroom count in the batch, but a solidly sized yard and a price that comes in at roughly $312 per square foot. Irvingdell Place is tucked into one of East Lyme's quieter residential pockets, and for buyers prioritizing outdoor space and a manageable footprint over extra baths, the math here made sense.

Two properties closed on June 15, and one of them is the undisputed headline of this entire roundup.

100 Old Black Point Road sold for $1,785,000 — the week's top sale by a wide margin and one of the larger residential transactions to hit the East Lyme books in recent memory. The four-bedroom, four-bath single-family sits on 1.24 acres and encompasses 3,979 square feet, making it the largest home in this batch by a considerable distance. Old Black Point is one of the most sought-after addresses on the Connecticut shoreline, a private beach community where waterfront and water-view properties command premium prices that reflect both their rarity and their setting. At roughly $449 per square foot, the buyers paid handsomely — and knowingly — for what Old Black Point delivers.

Sharing the June 15 closing date, 19 Maplewood Drive sold for $437,700. The three-bedroom, two-bath single-family home offers 1,382 square feet on a 0.47-acre lot — nearly identical in profile to the Irvingdell Place sale three days later. At approximately $317 per square foot, it sits in the same mid-range band and represents the kind of move-in-ready, right-sized home that has consistently found buyers in East Lyme regardless of the broader market climate.

What this says about the East Lyme market: This week's seven sales underscore the dual identity East Lyme has long carried: a town where modest single-family homes on half-acre lots sell steadily in the $425,000–$440,000 range, and where waterfront and water-adjacent properties operate in an entirely different pricing universe. The $1,785,000 Old Black Point sale and the $770,000 Nehantic Drive transaction — with its eye-catching $488-per-square-foot price — are reminders that in East Lyme, geography is destiny. The lot, the view, and the street name often matter far more than the number of square feet inside the walls.