586-Z Lantern Hill Road
North Stonington, Connecticut 06359
- Beds
- 0
- Baths
- 0
- SqFt
- —
- Acres
- 87.77
- Property Type
- Land
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Exceptional development opportunity featuring 87.77 acres across two combined parcels in a prime Southeastern Connecticut location. This offering includes 576 Lantern Hill Rd, Ledyard (1.9 acres with approximately 464 feet of road frontage) and 586-Z Lantern Hill Rd, North Stonington (85.87 acres), creating endless potential for investors and developers alike. With substantial acreage and strong frontage exposure, this property presents outstanding possibilities for a large residential subdivision, apartment complex, hotel development, mixed-use project, or other commercial/residential ventures. Ideally situated just minutes from Foxwoods Resort Casino, with convenient access to Mystic, General Dynamics Electric Boat, and Misquamicut State Beach, the location offers both accessibility and strong regional appeal. This rare assemblage combines privacy, scale, and strategic positioning in one of the area's fastest-growing corridors. An ideal opportunity for a visionary developer looking to capitalize on the area's continued growth and demand.
Key Facts
- City/Town
- North Stonington
- Neighborhood
- N/A
- Property Type
- Land
- Days on Market
- 79 days
- Beds
- 0
- Baths
- 0 baths
- Lot Size
- 87.77 acres
- Property Taxes
- $5,013 / Annually
Market Snapshot
The North Stonington Market
Land · trailing 12 months
Active Listings
6
1 under contract
Median List Price
$472,500
6 active listings
Median Closed Price
$270,000
4 sales
Median Days on Market
82
6 active listings
Median $ / Sq Ft
--
6 active listings
Sale-to-List Ratio
92.9%
4 sales
How this home compares
List Price
$1.10M
vs $472,500 median
2.3× the median
Price / Sq Ft
--
Median unavailable
Limited comparable data
Days on Market
79 days
vs 82 days median
In line with median
Based on 6 active and 4 closed sales (trailing 12 mo) of land in North Stonington. Source: SmartMLS · As of July 31, 2026.
Location
586-Z Lantern Hill Road, North Stonington, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 30, 2026per month
- Principal & Interest$5,655
- Property Taxes$418
- Insurance$367
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- North Stonington
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Land
- Subtype
- SingleFamilyResidence
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Exterior & Lot
- Lot Size
- 87.77 acres
- Zoning
- R80
- Waterfront Details
- Not Applicable
- Water Source
- None
- Sewer
- None
- Lot Description
- SecludedTreed
Listing & Financials
- Property Taxes
- $5,013 / Annually
- Days on Market
- 79
- MLS #
- 24175112
- MLS Status
- Active
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/31/2026. 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 7/31/2026 at 9:10 PM UTC.