48 Prospect Avenue
East Lyme, Connecticut 06357
Reduced from $669,990
- Beds
- 3
- Baths
- 2 | 1
- SqFt
- 1,624
- Acres
- 0.29
- Year Built
- 1966
- Neighborhood
- Niantic
- Property Type
- Single Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Just a one-minute walk to the beach, this beautifully maintained ranch offers the best of coastal living. Move-in ready, the home features refinished hardwood floors, fresh interior paint, an open-concept living and dining area, and a spacious kitchen with a large center island, stainless steel appliances, and ample cabinetry. The home also offers an enclosed sunroom, expansive rear deck, oversized backyard, and a full basement with excellent storage and future potential. Ideally located near the beach, marina, restaurants, and local shops, this is a rare opportunity to own a turnkey home in one of the shoreline's most desirable neighborhoods.
Key Facts
- City/Town
- East Lyme
- Neighborhood
- Niantic
- Property / Style
- Single Family · Ranch
- Year Built
- 1966
- Days on Market
- 17 days
- Beds
- 3
- Baths
- 2 full · 1 half
- Living Area
- 1,624 sq ft
- Lot Size
- 0.29 acres
- Property Taxes
- $6,368 / Annually
- HOA Fee
- $250 / Annually
Market Snapshot
The East Lyme Market
Single Family · trailing 12 months
Active Listings
40
43 under contract
Median List Price
$858,800
40 active listings
Median Closed Price
$570,000
187 sales
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
$659,990
vs $858,800 median
23.1% below median
Price / Sq Ft
$406
vs $336 median
20.8% above median
Days on Market
17 days
vs 32 days median
15 days fresher 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
48 Prospect Avenue, East Lyme, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$3,365
- Property Taxes$531
- Insurance$220
- HOA$21
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- East Lyme
- Neighborhood
- Niantic
- County
- New London
Residence
- Property Type
- Single Family
- Style
- Ranch
- Year Built
- 1966
- New Construction
- No/Resale
- Living Area
- 1,624 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- Oil
- Cooling
- Central Air
- Appliances
- Oven/RangeRefrigeratorDishwasherDisposalWasherDryer
- Basement
- FullHatchway AccessInterior AccessConcrete FloorFull With Hatchway
Exterior & Lot
- Lot Size
- 0.29 acres
- Zoning
- R12
- Waterfront Details
- Walk to WaterBeach RightsAccess
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- ShingleWood
- Roof
- Asphalt ShingleGable
- Foundation
- Concrete
- Lot Description
- Level LotSloping Lot
HOA / Association
- Fee
- $250 / Annually
Listing & Financials
- Property Taxes
- $6,368 / Annually
- Days on Market
- 17
- MLS #
- 24178515
- 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 7/28/2026. 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.