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$ 2,120,000
Est. payment | /mo
20.82 Acres Lot
$ 2,120,000
Est. payment | /mo
20.82 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24192566
Annual Tax Amount $4,438
Lot Size 20.820 Acres
Property Sub-Type Residential Land
Property Description
Available for the first time in nearly 90 years, this exceptional 20.8 ACRES represent one of the very last large tracts of undeveloped land in historic Essex, widely celebrated as one of America's "Best Small Towns." The property features a striking combination of 8.5 level acres of virgin open field--ideal for farming, equestrian use or building--framed beautifully by an elevated wooded backdrop. & borders the protected land of both Essex & Westbrook Land Trusts. Location & accessibility are unmatched. Boasting over 800 feet of clear-line frontage on Route 153, the parcel is positioned perfectly midway between I-95 & Route 9, just minutes to the Old Saybrook/Westbrook Amtrak/Shoreline East train station for seamless travel from Boston, New York & beyond. Soil tested for water & drainage, a local civil engineer indicates the site is primed for high-yield development. The property offers remarkable flexibility: a possible 3-6 substantial luxury residential lots or leveraging under CT Affordable Housing Law 8-30g to construct a high density multi-unit complex ranging from 33 units to perhaps 100 units, mirroring successful transit-oriented developments nearby. The land is also believed to have substantial on-site topsoil & gravel reserves for immediate asset value. NOTE This sale is contingent upon an adjoining actively listed 12+ acre parcel in Westbrook, owned by the same sellers, being sold individually, if not together. See related MLS numbers.
Location
State CT
County Middlesex
Zoning RU
Exterior
Utilities Available Cable Available, Electric Available, Gas Available
Waterfront Description Not Applicable
Building
Lot Description Additional Land Avail., Treed, Borders Open Space, Level Lot, Sloping Lot, Open Lot
Sewer Septic Required
Water Well Required, Other
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Todd Gould • William Pitt Sotheby's Int'l
Nearby Locations
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Ilka Torres
Broker License ID: REB.0794005