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For sale
    • Price cut: $69K (7/16)
    $819,000

    40 Portland Avenue, Old Lyme, CT 06371

    7beds
    2,225sqft
    : 
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    Multi Family
    Built in 1930
    -- sqft lot
    $797,600 Zestimate®
    $368/sqft
    $-- HOA

    What's special

    Freshly paintedRecently renovated
    Unique Beach property! 40 Portland Avenue, Old Lyme Beach Community. Love the Beach but not the travel to get to it . Here we have 2 separate homes on 1 lot and the main Beach home also has an in-law unit connected. Recently renovated and freshly painted. Home has many possibilities for use whether is a family home or an investment for Academic renting. It is year round living. Beach rights and just a couple of minutes with a casual stroll to the beach. Main Beach house home is 3 beds, 1 bath, In-law 1-2 bedroom, 1 bath and the Cottage is 2 bedroom, 1 bath. Private well for both building, one septic system for both building. Oil heating for front building main unit, propane for in-law unit. Propane heating for 2nd building. For front building there is one electric hot water heater for main and in-law unit.
    60 days
    |
    569
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Banglian Gao (860)518-2068,

    United Realty Plus 860-880-0333

    Source: Smart MLS,MLS#: 24176261MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Electric
      Cooling
      • None
      Appliances
      • Included: Water Heater
      • Laundry: In Unit
      Features
      • Basement: Crawl Space
      • Attic: None
      • Has fireplace: No
      Interior area
      • Total structure area: 2,225
      • Total interior livable area: 2,225 sqft
      • Finished area above ground: 2,225

      Property

      Parking
      • Total spaces: 5
      • Parking features: Off Street, Driveway, Unpaved, Asphalt
      • Has uncovered spaces: Yes
      Features
      • Waterfront features: Access
      Lot
      • Size: 5,227 Square Feet
      • Features: Level
      Details
      • Parcel number: 1555004
      • Zoning: R-10

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Masonry
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1930

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Sound View
      HOA
      • Has HOA: No
      Location
      • Region: Old Lyme

      Financial & listing details

      • Price per square foot: $368/sqft
      • Tax assessed value: $436,000
      • Annual tax amount: $7,076
      • Date on market: 5/19/2026

        Estimated market value

        $797,600

        $758,000 - $837,000

        $2,342/mo

        Price history

        DateEventPrice
        7/16/2026Price change$819,000-7.8%$368/sqft
        Source: Smart MLS #24176261 Report a problem
        5/19/2026Listed for sale$888,000+50%$399/sqft
        Source: Smart MLS #24176261 Report a problem
        1/24/2026Listing removed$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        12/1/2025Price change$2,500-19.4%$1/sqft
        Source: Zillow Rentals Report a problem
        11/27/2025Listed for rent$3,100$1/sqft
        Source: Zillow Rentals Report a problem
        10/9/2025Listing removed$3,100$1/sqft
        Source: Zillow Rentals Report a problem
        9/9/2025Listed for rent$3,100$1/sqft
        Source: Zillow Rentals Report a problem
        8/24/2025Listing removed$3,100$1/sqft
        Source: Zillow Rentals Report a problem
        6/13/2025Price change$3,100-6.1%$1/sqft
        Source: Zillow Rentals Report a problem
        4/25/2025Listed for rent$3,300+37.5%$1/sqft
        Source: Zillow Rentals Report a problem
        10/14/2024Listing removed$2,400$1/sqft
        Source: Zillow Rentals Report a problem
        5/4/2024Listing removed--
        Source: Zillow Rentals Report a problem
        1/14/2024Listed for rent$2,400+2.1%$1/sqft
        Source: Zillow Rentals Report a problem
        9/22/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/16/2023Listed for rent$2,350-5.2%$1/sqft
        Source: Zillow Rentals Report a problem
        8/7/2023Listing removed--
        Source: Zillow Rentals Report a problem
        7/28/2023Price change$2,480-2.7%$1/sqft
        Source: Zillow Rentals Report a problem
        7/17/2023Listed for rent$2,550-1.9%$1/sqft
        Source: Zillow Rentals Report a problem
        7/2/2023Listing removed--
        Source: Zillow Rentals Report a problem
        4/25/2023Price change$2,600-5.5%$1/sqft
        Source: Zillow Rentals Report a problem
        2/22/2023Listed for rent$2,750+37.5%$1/sqft
        Source: Zillow Rentals Report a problem
        1/13/2023Listing removed--
        Source: Zillow Rentals Report a problem
        12/23/2022Price change$2,000-20%$1/sqft
        Source: Zillow Rentals Report a problem
        11/3/2022Listed for rent$2,500$1/sqft
        Source: Zillow Rental Manager Report a problem
        8/1/2022Sold$591,900$266/sqft
        Source: Smart MLS #170492973 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,076 +30%$436,000 +95.5%
        2024$5,441 +3.8%$223,000
        2023$5,241 $223,000
        2022$5,241 +0.9%$223,000
        2021$5,196 +0.7%$223,000 +0.3%
        2020$5,160 -12.5%$222,400 -15.5%
        2019$5,898 +2.3%$263,200
        2018$5,767 +0.7%$263,200
        2017$5,725 +2.6%$263,200
        2016$5,580 +2.8%$263,200
        2015$5,427 $263,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 06371

        Getting around

        34 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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