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Candlewood Mountain Road

New Milford, Connecticut 06776

ACTIVE$1,390,000

Reduced from $1,700,000

Beds
0
Baths
0
SqFt
Acres
3.12
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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WaterfrontDock / MooringPrice Reduced

About This Home

Nestled in the serene landscape of New Milford, CT, past horse farms and fields, this special property on Mountain Drive presents a once-in-a-lifetime opportunity to own a piece of local history. Offered for the first time since its original ownership (back before the lake existed), this three-acre estate is a testament to refined countryside living. The level lot, adorned with a charming barn, invites you to design and build your dream home amidst nature's embrace. Complementing this vast expanse is a coveted 0.28-acre waterfront parcel that boasts a private beach, a personal dock, and breathtaking water views. Imagine mornings spent basking in tranquil waters and evenings enjoying the sunlight glistening off the lake, right from your own backyard. This property, rich with history and potential, offers a unique canvas for crafting a bespoke lifestyle, combining elegance and comfort with unparalleled water access. Seize this opportunity to create a legacy estate, perfectly situated to enjoy both the peace of the countryside and the allure of lakeside living. Taxes on the barn are: $5,606.00 Taxes on the waterfront portion are: $3,179.00

Key Facts

City/Town
New Milford
Neighborhood
Candlewood Lake
Property Type
Land
Days on Market
264 days
Beds
0
Baths
0 baths
Lot Size
3.12 acres
Property Taxes
$5,606 / Annually

Market Snapshot

The New Milford Market

Land · trailing 12 months

Median Days on Market

109

21 active listings

Median $ / Sq Ft

--

21 active listings

Sale-to-List Ratio

90.5%

13 sales

How this home compares

List Price

$1.39M

vs $249,000 median

5.6× the median

Price / Sq Ft

--

Median unavailable

Limited comparable data

Days on Market

264 days

vs 109 days median

155 days longer than median

Based on 21 active and 13 closed sales (trailing 12 mo) of land in New Milford. Source: SmartMLS · As of July 28, 2026.

Location

Candlewood Mountain Road, New Milford, Connecticut

Property + 3 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$8,017

per month

  • Principal & Interest$7,087
  • Property Taxes$467
  • Insurance$463
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
New Milford
Neighborhood
Candlewood Lake
County
Litchfield

Residence

Property Type
Land
Subtype
SingleFamilyResidence

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Exterior & Lot

Lot Size
3.12 acres
Zoning
R80
Waterfront
Direct waterfront
Waterfront Details
LakeBeachWalk to WaterDock or MooringViewAccess
Water Source
Private Well
Sewer
Septic Required
Lot Description
TreedLevel LotOn Cul-De-SacClearedWater View

Listing & Financials

Property Taxes
$5,606 / Annually
Days on Market
264
MLS #
24137997
MLS Status
Active

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Kevin Donovan

(203) 512-5349

Compass Connecticut, LLC

(203) 489-6499

Co-Listed By

Omar Cruz

Compass Connecticut, LLC

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 8:01 AM UTC.