318 Mountain Road
Ridgefield, Connecticut 06877
- Beds
- 2
- Baths
- 1
- SqFt
- 1,475
- Acres
- 0.18
- Year Built
- 1940
- Property Type
- Single Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
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
Active Listings
51
66 under contract
Median List Price
$1.29M
51 active listings
Median Closed Price
$1.20M
223 sales
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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per 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.
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.