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61 Terrace Avenue

East Lyme, Connecticut 06357

PENDING$549,000
Beds
4
Baths
1
SqFt
1,229
Acres
0.13
Year Built
1959
Matt Caiola

Matt Caiola

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About This Home

ENJOY THE BEST OF COASTAL LIVING JUST 2 BLOCKS FROM THE BEACHES! This updated shoreline retreat is ideally located near the 2 private Crescent Beaches connected by the scenic Bluff Walk; waterfront dining at The Stand; and downtown Niantic's boardwalk, restaurants, shops, nightlife, and playhouse. Spend sunny days swimming to the raft at the lifeguarded beach, biking along the shoreline, and enjoying summer events, then return home to unwind in the inviting sunroom. The spacious deck overlooking the fenced backyard is perfect for entertaining, while sunset views from the living room bay window add to the relaxed coastal setting desired in a vacation getaway, investment, or year-round home. Inside, the remodeled kitchen features white cabinetry, granite counters, stainless steel appliances, a breakfast bar, luxury vinyl flooring, and a new front kitchen window. The updated full bath offers a fresh coastal feel, while refinished hardwood floors, new carpeting upstairs and in the sunroom, fresh paint, modern light fixtures, ceiling fans, and new exterior doors enhance the home. A newer boiler, indirect water heater, and an architectural roof add comfort and value. The shed provides storage for bikes, beach gear, and seasonal items, while the full basement offers expansion potential and abundant storage. Enjoy nearby kayaking, boating, McCook Point Park, Crescent Beach activities, and fireworks. Rare opportunity to enjoy private beach access and downtown Niantic convenience.

Key Facts

City/Town
East Lyme
Neighborhood
Crescent Beach
Property / Style
Single Family · Cape Cod
Year Built
1959
Days on Market
73 days
Beds
4
Baths
1 full
Living Area
1,229 sq ft
Lot Size
0.13 acres
Garage / Parking
2 total
Property Taxes
$5,465 / Annually

Market Snapshot

The East Lyme Market

Single Family · trailing 12 months

Median Days on Market

32

40 active listings

Median $ / Sq Ft

$336

40 active listings

Sale-to-List Ratio

100.0%

187 sales

How this home compares

List Price

$549,000

vs $858,800 median

36.1% below median

Price / Sq Ft

$447

vs $336 median

33.0% above median

Days on Market

73 days

vs 32 days median

41 days longer than median

Based on 40 active and 187 closed sales (trailing 12 mo) of single family in East Lyme. Source: SmartMLS · As of July 28, 2026.

Location

61 Terrace Avenue, East Lyme, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,437

per month

  • Principal & Interest$2,799
  • Property Taxes$455
  • Insurance$183
  • HOA$0

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

Location

City/Town
East Lyme
Neighborhood
Crescent Beach
County
New London

Residence

Property Type
Single Family
Style
Cape Cod
Year Built
1959
New Construction
No/Resale
Living Area
1,229 sq ft

Schools

Elementary
Niantic Center
High
East Lyme

Interior

Heating
Hot Water
Heat Fuel
Oil
Cooling
DuctlessSplit System
Laundry
Lower Level
Laundry Location
Lower Level-washer & dryer convey as is
Appliances
Oven/RangeMicrowaveRefrigeratorDishwasherWasherDryer
Basement
FullUnfinishedInterior AccessConcrete FloorFull With Hatchway
In-Law Apartment
No

Exterior & Lot

Lot Size
0.13 acres
Zoning
R12
Garage / Parking
2 total parking spacesPavedOff Street ParkingDrivewayPrivateAsphalt
Waterfront Details
Walk to WaterBeach RightsWater CommunityAccess
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Flood Zone
No
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Exterior Features
Porch-EnclosedSidewalkShedPorchDeckGutters
Lot Description
Fence - PartialFence - Chain LinkLevel LotCleared

Listing & Financials

Property Taxes
$5,465 / Annually
Days on Market
73
MLS #
24176020
MLS Status
Under Contract
Financing
FHA,VA,CHFA,USDA

Similar Properties

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

Listed By

Sam Beyer

(860) 910-8239

Burns Realty

Co-Listed By

Jennifer Lynch

Burns Realty

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 6:15 AM UTC.