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Sold for $490,000
  • $490,000

    488 Lake Drive, Guilford, CT 06437

    1beds
    821sqft
    Single Family Residence
    Built in 1937
    0.48 Acres Lot
    $491,900 Zestimate®
    $597/sqft
    $2,414 Estimated rent

    Home value

    $491,900

    $443,000 - $541,000

    $2,414/mo

    Zestimate® history
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    What's special

    Direct lakefront propertyPrivate dockSweeping viewsNewer roofSplit units
    Incredible opportunity to own a direct lakefront property. Built in 1937 and well-cared for through the years, this 1 Bedroom, 1 Bath home situated on a generous .48 acre lot has sweeping views and over 100' of beach/lake frontage with a private dock. Lake Quonnipaug is an angler's paradise; a serene 98-acre, spring-fed lake regularly stocked with trout by the CT DEEP, alongside thriving large-mouth bass, yellow perch, and chain pickerel. Perfect conditions for seamless kayaking, paddle boarding, swimming, and boating right from your backyard. Need something a little quieter to do? Enjoy quiet mornings observing resident herons, egrets, swans, ducks, and geese. Directly across sits the sandy Lake Quonnipaug Town Beach. Also just minutes from premier hiking at Bluff Head Trailhead and the scenic Guilford Lakes golf course. There is endless potential; use it immediately as a cozy summer getaway, a lucrative rental, or build your ultimate custom lakefront estate. Newer roof, split units, appliances. Includes 1 car-detached garaged and a sweet little shed across the bridge over the stream all on your own property. So many memories and fun to be made right here!

    Zillow last checked:

    Listing updated:

    Listed by:

    The Shoreline Homes Team at William Raveis Real Estate,

    Robin Keegan (203)500-2212,

    William Raveis Real Estate 203-318-3570

    Bought with:

    Robert Goetz, RES.0815735

    Coldwell Banker Realty

    Source: Smart MLS,MLS#: 24192432MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: Main
    Dining room
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Baseboard, Wall Unit, Other, Electric, Propane
    Cooling
    • Ductless
    Appliances
    • Included: Oven/Range, Refrigerator, Washer, Dryer, Water Heater
    • Laundry: Main Level
    Features
    • Basement: None
    • Attic: Crawl Space,Access Via Hatch
    • Has fireplace: No
    Interior area
    • Total structure area: 821
    • Total interior livable area: 821 sqft
    • Finished area above ground: 821
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached, Paved, Driveway, Private
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck, Patio
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront, Lake, Beach, Dock or Mooring
    Lot
    • Size: 0.48 Acres
    • Features: Level, In Flood Zone
    Details
    • Additional structures: Shed(s)
    • Parcel number: 1117759
    • Zoning: R-3

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1937

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Community
    • Subdivision: North Guilford
    HOA
    • Has HOA: No
    Location
    • Region: Guilford

    Financial & listing details

    • Price per square foot: $597/sqft
    • Tax assessed value: $227,430
    • Annual tax amount: $6,459
    • Date on market: 7/18/2026

    Price history

    DateEventPrice
    8/26/2026Pending sale$500,000+2%$609/sqft
    Source: Smart MLS #24192432 Report a problem
    8/25/2026Sold$490,000-2%$597/sqft
    Source: Smart MLS #24192432 Report a problem
    7/18/2026Listed for sale$500,000+90.8%$609/sqft
    Source: Smart MLS #24192432 Report a problem
    5/19/2017Sold$262,000-11.2%$319/sqft
    Source: Smart MLS #N10206114 Report a problem
    7/31/2006Sold$294,900$359/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,288 +4%$227,430
    2024$6,045 +2.7%$227,430
    2023$5,886 -2.8%$227,430 +24.9%
    2022$6,053 +1.9%$182,040
    2021$5,938 +1%$182,040
    2020$5,882 +0.9%$182,040
    2019$5,831 +2.4%$182,040
    2018$5,694 -0.3%$182,040 -6.4%
    2017$5,711 +4%$194,510
    2015$5,493 +3%$194,510
    2014$5,333 +0.8%$194,510 -15.2%
    2013$5,289 +3.1%$229,350
    2012$5,128 +3.9%$229,350
    2011$4,936 +3.3%$229,350
    2010$4,777 +3.9%$229,350
    2009$4,596 +39.9%$229,350 +33.9%
    2008$3,286 -21.1%$171,230
    2007$4,164 +5%$171,230
    2006$3,966 +4%$171,230
    2005$3,813 +5.2%$171,230 +0%
    2003$3,624 +66.2%$171,200 +149.2%
    2001$2,181 $68,700
    Find assessor info on the county website

    Neighborhood: 06437

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Melissa Jones
    • Middle: Adams,Baldwin
    • High: Guilford

    Source: Smart 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
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    $491,900
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    With Zillow Showcase(estimated)
    $501,738
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $491,900
    2% more
    +$9,838
    With Zillow Showcase(estimated)
    $501,738