Tremendous opportunity in the sought-after Knollwood Beach Association! This coastal property is ideal for builders, flippers, investors, or buyers looking to create a custom beach retreat. Included in the sale is a rare undeveloped .40-acre lot at 53 Woodland Drive with its own separate field card, offering exceptional flexibility and future potential. The existing home needs significant cosmetic renovation and is being sold strictly "as is," but the layout, bones, and mechanical systems appear solid. Dry basement adds additional value and utility. The home was occupied until several months ago, though sellers have never lived in the property and no disclosures are available. Possible second-floor water views if rebuilt or expanded. Located in one of Old Saybrook's most desirable beach communities with access to Knollwood Beach Association amenities including a private sandy beach, clubhouse, tennis, pickleball, basketball, kayak storage, and more. Rare chance to renovate, rebuild, or develop in a prime shoreline location. Offers with financing will not be accepted.
Sold for $525,000
$525,000
55 Woodland Drive, Old Saybrook, CT 06475
4beds
1,080sqft
Single Family Residence
Built in 1950
0.33 Acres Lot
$-- Zestimate®
$486/sqft
$3,685 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,685/mo
Zestimate® history
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List your homeWhat's special
Prime shoreline locationPrivate sandy beach
Zillow last checked:
Listing updated:
Listed by:
Joel Lucas (860)304-9150,
Coldwell Banker Realty 203-245-4700
Bought with:
Joel Lucas, RES.0771226
Coldwell Banker Realty
Source: Smart MLS,MLS#: 24178053
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Main
Dining room
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Oil
Cooling
- None
Appliances
- Included: None, Water Heater
Features
- Basement: Full,Sump Pump,Concrete
- Attic: Crawl Space,Access Via Hatch
- Number of fireplaces: 2
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
- Finished area above ground: 1,080
Property
Parking
- Total spaces: 4
- Parking features: Unpaved
Features
- Waterfront features: Walk to Water, Association Required
Lot
- Size: 0.33 Acres
- Features: Level, In Flood Zone
Details
- Parcel number: 1023315
- Zoning: A
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Features: Basketball Court, Golf, Health Club, Park, Tennis Court(s)
- Subdivision: Knollwood Beach
HOA
- Has HOA: No
Location
- Region: Old Saybrook
Financial & listing details
- Price per square foot: $486/sqft
- Tax assessed value: $372,200
- Annual tax amount: $5,769
- Date on market: 5/24/2026
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Sold | $525,000+5%$486/sqft |
Source:  Smart MLS #24178053 Report a problem | ||
| 6/1/2026 | Pending sale | $499,900$463/sqft |
Source: Smart MLS #24178053 Report a problem | ||
| 5/24/2026 | Listed for sale | $499,900$463/sqft |
Source: Smart MLS #24178053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,769 +2% | $372,200 |
| 2024 | $5,657 +16.9% | $372,200 +57.3% |
| 2023 | $4,838 +1.8% | $236,600 |
| 2022 | $4,751 +0.1% | $236,600 |
| 2021 | $4,744 | $236,600 |
| 2020 | $4,744 +1.5% | $236,600 |
| 2019 | $4,673 +2.2% | $236,600 +1.4% |
| 2018 | $4,573 -0.3% | $233,300 |
| 2017 | $4,587 +2.1% | $233,300 |
| 2016 | $4,493 +2.4% | $233,300 |
| 2015 | $4,388 +1.7% | $233,300 |
| 2014 | $4,316 +2.7% | $233,300 -15.6% |
| 2013 | $4,201 +4% | $276,400 |
| 2012 | $4,041 +4% | $276,400 |
| 2011 | $3,886 +4.6% | $276,400 |
| 2009 | $3,715 +1.4% | $276,400 +19.5% |
| 2007 | $3,664 +8.5% | $231,300 |
| 2005 | $3,377 +5.8% | $231,300 |
| 2004 | $3,192 +36.4% | $231,300 +113.2% |
| 2003 | $2,340 +9.1% | $108,500 |
| 2001 | $2,145 +5% | $108,500 -22.1% |
| 1995 | $2,042 | $139,300 |
Find assessor info on the county website
Neighborhood: 06475
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Nearby schools
GreatSchools rating
- 6/10Kathleen E. Goodwin SchoolGrades: PK-4Distance: 1.3 mi
- 8/10Old Saybrook Middle SchoolGrades: 5-8Distance: 1.4 mi
- 8/10Old Saybrook Senior High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Kathleen E. Goodwin
- High: Old Saybrook
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
- Middlesex County
- Old Saybrook
- 06475
- 55 Woodland Drive
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