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Off market
  • $4,048,300

    15 Academy Ln, Old Lyme, CT 06371

    4beds
    4,514sqft
    SingleFamily
    Built in 1931
    1.1 Acres Lot
    $4,048,300 Zestimate®
    $897/sqft
    $5,897 Estimated rent

    Home value

    $4,048,300

    $3.24M - $5.02M

    $5,897/mo

    Zestimate® history
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    Owner options

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    $5,897/mo

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    $5,897/mo

    Rent Zestimate®

    Refinance and save

    $22,715/mo

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    $22,715/mo

    Est. payment

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    What's special

    Distinctive waterfront residence in a private setting on the Lieutenant river, in the village of Old Lyme. Originally designed by R. Frederick Kelly in 1931, it was then expanded and updated in 1993 by architect Paul B. Bailey. The first-floor offers a great flow for entertaining large parties, with 3 large adjoining rooms, wide doorways, and double pocket doors. There is also a cozy den off the foyer, and a private office in the rear of the house. The 2-story addition added a sun-filled family room with 180-degree water views, and a private master bedroom suite, bringing the interior up to date. The expanded kitchen includes professional appliances and several work areas that any chef would enjoy. An elevator was added that services three floors. An inviting stone terrace overlooks the lawn sloping down to the river and deep-water dock. This is an ideal setting for entertaining and relaxing while reveling in natures beauty, including spectacular sunsets. Upstairs, two additional bedrooms have en-suite bathrooms and one offers a balcony overlooking the river. There is also a second-floor office with built-in cabinetry overlooking the back yard. Stairs lead to the third-floor attic with cedar closets. There is a workshop in the lower level as well as a heated workshop in the garage. The property offers a unique waterfront lifestyle and peaceful privacy while being steps to the village of Old Lyme.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Other, Oil, Other
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Garbage disposal, Microwave, Refrigerator
    Features
    • Flooring: Hardwood
    • Basement: Basement (not specified)
    Interior area
    • Total interior livable area: 4,514 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    • On waterfront: Yes
    Lot
    • Size: 1.1 Acres
    Details
    • Parcel number: OLYMM57L29

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1931

    Community & HOA

    Location
    • Region: Old Lyme

    Financial & listing details

    • Price per square foot: $897/sqft
    • Tax assessed value: $3,326,500
    • Annual tax amount: $53,989

    Price history

    DateEventPrice
    10/8/2020Sold$1,300,000-13%$288/sqft
    Source: Smart MLS #170249669 Report a problem
    5/28/2020Price change$1,495,000-3.5%$331/sqft
    Source: William Raveis Real Estate #170249669 Report a problem
    11/14/2019Listed for sale$1,550,000+74.2%$343/sqft
    Source: William Raveis Real Estate #170249669 Report a problem
    6/26/1989Sold$890,000$197/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$53,989 +4.8%$3,326,500 +57.5%
    2024$51,518 +166.4%$2,111,400 +156.6%
    2023$19,338 +13.9%$822,900 +13.9%
    2022$16,976 +0.5%$722,400 -0.4%
    2021$16,899 +0.4%$725,260
    2020$16,826 -26%$725,260 -28.5%
    2019$22,736 +2.3%$1,014,560
    2018$22,229 +0.7%$1,014,560
    2017$22,067 +2.6%$1,014,560
    2016$21,509 +2.8%$1,014,560
    2015$20,920 $1,014,560
    Find assessor info on the county website

    Neighborhood: 06371

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Lyme-Old Lyme

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $4,048,300
    2% more
    +$80,966
    With Zillow Showcase(estimated)
    $4,129,266