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8 & 10 Swan Avenue

Old Lyme, Connecticut 06371

ACTIVE$799,000

Reduced from $880,000

Beds
3
Baths
2
SqFt
1,315
Acres
0.17
Year Built
1940
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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Guest HousePrice Reduced

About This Home

TWO HOMES SOLD TOGETHER! Rare Sound View Beach Opportunity! Offered for the first time since 1979, this unique property includes TWO YEAR-ROUND BEACH HOMES, creating endless possibilities for personal use or investment. Live in one and rent the other, rent both for maximum income potential, or enjoy the flexibility of having plenty of room for family and friends to spread out. #10 offers 2-3 bedrooms and has been updated with a new propane furnace and new roof. The charming second cottage, #8 features, 1 bedroom and a delightful screened-in side porch-the perfect spot to relax after a day at the beach. The homes share a well and septic system and offer ample off-street parking, a rare find in this sought-after shoreline neighborhood. The current owner has historically enjoyed access through both the Old Colony and Sound View beach communities. Buyers are encouraged to perform their own due diligence regarding any beach association membership, rights, fees, and benefits. Whether you're looking for a family vacation getaway, or income-producing coastal investment, this is a rare chance to own a versatile property just moments from the beach.

Key Facts

City/Town
Old Lyme
Neighborhood
Sound View
Property / Style
Single Family · Cape Cod
Year Built
1940
Days on Market
26 days
Beds
3
Baths
2 full
Living Area
1,315 sq ft
Lot Size
0.17 acres
Property Taxes
$8,861 / Annually

Market Snapshot

The Old Lyme Market

Single Family · trailing 12 months

Median Days on Market

48

22 active listings

Median $ / Sq Ft

$517

22 active listings

Sale-to-List Ratio

99.2%

90 sales

How this home compares

List Price

$799,000

vs $799,000 median

In line with median

Price / Sq Ft

$608

vs $517 median

17.6% above median

Days on Market

26 days

vs 48 days median

22 days fresher than median

Based on 22 active and 90 closed sales (trailing 12 mo) of single family in Old Lyme. Source: SmartMLS · As of July 28, 2026.

Location

8 & 10 Swan Avenue, Old Lyme, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$5,078

per month

  • Principal & Interest$4,074
  • Property Taxes$738
  • Insurance$266
  • HOA$0

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

Location

City/Town
Old Lyme
Neighborhood
Sound View
County
New London

Residence

Property Type
Single Family
Style
Cape Cod
Year Built
1940
New Construction
No/Resale
Living Area
1,315 sq ft

Schools

Elementary
Per Board of Ed
High
Lyme-Old Lyme

Interior

Heating
Hot Air
Heat Fuel
Propane
Cooling
None
Appliances
Electric RangeRefrigerator
Basement
Crawl Space
Interior Features
Cable - Pre-wired

Exterior & Lot

Lot Size
0.17 acres
Zoning
R-10
Waterfront Details
Walk to WaterWater CommunityAssociation OptionalAccess
Water Source
Private WellShared Well
Sewer
SepticShared Septic
Flood Zone
Yes
Construction
Vinyl Siding
Color
Gray
Roof
Asphalt Shingle
Foundation
Concrete
Exterior Features
Guest HousePatio
Lot Description
Non Conforming Lot

Listing & Financials

Property Taxes
$8,861 / Annually
Days on Market
26
MLS #
24184532
MLS Status
Active

Similar Properties

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

Listed By

Kimberly Petersen

(860) 550-1772

Coldwell Banker Realty

(860) 434-8600

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 5:20 AM UTC.