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318 Mountain Road

Ridgefield, Connecticut 06877

PENDING$587,000
Beds
2
Baths
1
SqFt
1,475
Acres
0.18
Year Built
1940
Matt Caiola

Matt Caiola

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1-Car Garage1 Fireplace

About This Home

Looking for an affordable single-family home in Ridgefield? 318 Mountain Road offers a rare opportunity to own at Rainbow Lake, one of Connecticut's most sought-after communities at an attractive price point. Thoughtfully renovated, move-in ready, with an open-concept living, dining, and kitchen area anchored by a striking stone fireplace and filled with natural light from oversized picture windows offering seasonal lake views. The renovated kitchen features a center island, modern finishes, new appliances and quartz countertops with a seamless flow for everyday living and entertaining. Additional updates include new hardwood flooring, fresh interior paint, a stylishly renovated bathroom, newly installed central air conditioning (2025), a new forced hot air heating system, and a new water heater. The primary bedroom opens to a private deck overlooking the peaceful property, while both bedrooms enjoy abundant natural light. The newly finished lower level adds valuable flexible living space ideal for recreation, work-from-home needs, hobbies, or guests. Rainbow Lake rights provide access to swimming, kayaking, fishing, and nearby trails. Whether you're seeking a full-time residence, weekend retreat, or a low-maintenance lifestyle this updated home offers a rare combination of comfort, style, and access to nature. The hard work has already been been done, creating a seamless transition for its next owner. Simply unpack and start enjoying this special home and community.

Key Facts

City/Town
Ridgefield
Neighborhood
N/A
Property / Style
Single Family · Ranch
Year Built
1940
Days on Market
85 days
Beds
2
Baths
1 full
Living Area
1,475 sq ft
Lot Size
0.18 acres
Garage / Parking
1 garage
Property Taxes
$6,450 / Annually

Market Snapshot

The Ridgefield Market

Single Family · trailing 12 months

Median Days on Market

31

51 active listings

Median $ / Sq Ft

$422

51 active listings

Sale-to-List Ratio

101.6%

223 sales

How this home compares

List Price

$587,000

vs $1.29M median

54.7% below median

Price / Sq Ft

$398

vs $422 median

5.7% below median

Days on Market

85 days

vs 31 days median

54 days longer than median

Based on 51 active and 223 closed sales (trailing 12 mo) of single family in Ridgefield. Source: SmartMLS · As of July 29, 2026.

Location

318 Mountain Road, Ridgefield, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,727

per month

  • Principal & Interest$2,993
  • Property Taxes$538
  • Insurance$196
  • HOA$0

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

Location

City/Town
Ridgefield
Neighborhood
N/A
County
Fairfield

Residence

Property Type
Single Family
Style
Ranch
Year Built
1940
New Construction
No/Resale
Living Area
1,475 sq ft
Below Grade
545 sq ft

Schools

Elementary
Per Board of Ed
High
Ridgefield

Interior

Heating
Hot Air
Heat Fuel
Propane
Cooling
Central Air
Fireplaces
1
Laundry
Lower Level
Laundry Location
Lower Level
Appliances
Oven/RangeRange HoodRefrigeratorDishwasherWasherDryer
Basement
PartialHeatedGarage AccessPartially FinishedWalk-outLiveable SpacePartial With Walk-Out
Interior Features
Auto Garage Door Opener

Exterior & Lot

Lot Size
0.18 acres
Zoning
RA
Garage / Parking
1 garage spaceUnder House Garage
Waterfront Details
Walk to WaterAssociation OptionalView
Water Source
Private Well
Sewer
Septic
Construction
Vinyl Siding
Color
Gray
Roof
Asphalt Shingle
Foundation
Block
Lot Description
Lightly WoodedClearedWater View

Listing & Financials

Property Taxes
$6,450 / Annually
Days on Market
85
MLS #
24172905
MLS Status
Under Contract

Similar Properties

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

Listed By

Heather Lindgren

(646) 932-4075

Coldwell Banker Realty

(203) 438-9000

Co-Listed By

Debbie Gore

Coldwell Banker Realty

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

The IDX display contains information sourced from SmartMLS, Inc. as of 7/29/2026. 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 7/29/2026 at 10:10 AM UTC.