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.
For sale
$799,000
40 Portland Avenue, Old Lyme, CT 06371
7beds
2,225sqft
Multi Family
Built in 1930
-- sqft lot
$775,500 Zestimate®
$359/sqft
$-- HOA
What's special
Freshly paintedRecently renovated
- 16 days
- 372
- 24
Zillow last checked:
Listing updated:
Listed by:
Banglian Gao (860)518-2068,
United Realty Plus 860-880-0333
Source: Smart MLS,MLS#: 24200781
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: $359/sqft
- Tax assessed value: $436,000
- Annual tax amount: $7,076
- Date on market: 8/20/2026
Estimated market value
$775,500
$737,000 - $814,000
$2,951/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $799,000-2.4%$359/sqft |
Source:  Smart MLS #24200781 Report a problem | ||
| 8/17/2026 | Listing removed | $819,000$368/sqft |
Source: Smart MLS #24176261 Report a problem | ||
| 7/16/2026 | Price change | $819,000-7.8%$368/sqft |
Source: Smart MLS #24176261 Report a problem | ||
| 5/19/2026 | Listed for sale | $888,000+50%$399/sqft |
Source: Smart MLS #24176261 Report a problem | ||
| 1/24/2026 | Listing removed | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/1/2025 | Price change | $2,500-19.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/27/2025 | Listed for rent | $3,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/9/2025 | Listing removed | $3,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $3,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/24/2025 | Listing removed | $3,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/13/2025 | Price change | $3,100-6.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/25/2025 | Listed for rent | $3,300+37.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/14/2024 | Listing removed | $2,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/14/2024 | Listed for rent | $2,400+2.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/16/2023 | Listed for rent | $2,350-5.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/28/2023 | Price change | $2,480-2.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/17/2023 | Listed for rent | $2,550-1.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/25/2023 | Price change | $2,600-5.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2023 | Listed for rent | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/1/2022 | Sold | $591,900$266/sqft |
Source: Smart MLS #170492973 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 06371
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