488 Lake Drive
Guilford, Connecticut 06437
- Beds
- 1
- Baths
- 1
- SqFt
- 821
- Acres
- 0.48
- Year Built
- 1937
- Neighborhood
- North Guilford
- Property Type
- Single Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Incredible opportunity to own a direct lakefront property. Built in 1937 and well-cared for through the years, this 1 Bedroom, 1 Bath home situated on a generous .48 acre lot has sweeping views and over 100' of beach/lake frontage with a private dock. Lake Quonnipaug is an angler's paradise; a serene 98-acre, spring-fed lake regularly stocked with trout by the CT DEEP, alongside thriving large-mouth bass, yellow perch, and chain pickerel. Perfect conditions for seamless kayaking, paddle boarding, swimming, and boating right from your backyard. Need something a little quieter to do? Enjoy quiet mornings observing resident herons, egrets, swans, ducks, and geese. Directly across sits the sandy Lake Quonnipaug Town Beach. Also just minutes from premier hiking at Bluff Head Trailhead and the scenic Guilford Lakes golf course. There is endless potential; use it immediately as a cozy summer getaway, a lucrative rental, or build your ultimate custom lakefront estate. Newer roof, split units, appliances. Includes 1 car-detached garaged and a sweet little shed across the bridge over the stream all on your own property. So many memories and fun to be made right here!
Key Facts
- City/Town
- Guilford
- Neighborhood
- North Guilford
- Property / Style
- Single Family · Ranch
- Year Built
- 1937
- Days on Market
- 10 days
- Beds
- 1
- Baths
- 1 full
- Living Area
- 821 sq ft
- Lot Size
- 0.48 acres
- Garage / Parking
- 1 garage · 4 total
- Property Taxes
- $6,288 / Annually
Market Snapshot
The Guilford Market
Single Family · trailing 12 months
Active Listings
37
39 under contract
Median List Price
$929,000
37 active listings
Median Closed Price
$657,500
224 sales
Median Days on Market
47
37 active listings
Median $ / Sq Ft
$352
37 active listings
Sale-to-List Ratio
100.8%
224 sales
How this home compares
List Price
$500,000
vs $929,000 median
46.2% below median
Price / Sq Ft
$609
vs $352 median
73.0% above median
Days on Market
10 days
vs 47 days median
37 days fresher than median
Based on 37 active and 224 closed sales (trailing 12 mo) of single family in Guilford. Source: SmartMLS · As of July 28, 2026.
Location
488 Lake Drive, Guilford, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,549
- Property Taxes$524
- Insurance$167
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Guilford
- Neighborhood
- North Guilford
- County
- New Haven
Residence
- Property Type
- Single Family
- Style
- Ranch
- Year Built
- 1937
- New Construction
- No/Resale
- Living Area
- 821 sq ft
Schools
- Elementary
- Melissa Jones
- Middle
- Baldwin
- High
- Guilford
Interior
- Heating
- BaseboardWall UnitOther
- Heat Fuel
- ElectricPropane
- Cooling
- DuctlessSplit System
- Laundry
- Main Level
- Laundry Location
- Kitchen
- Appliances
- Oven/RangeRefrigeratorWasherDryer
- Basement
- None
- In-Law Apartment
- No
Exterior & Lot
- Lot Size
- 0.48 acres
- Zoning
- R-3
- Garage / Parking
- 1 garage space4 total parking spacesDetached GaragePavedDrivewayPrivatePaved
- Waterfront
- Direct waterfront
- Waterfront Details
- LakeBeachDock or MooringView
- Water Source
- Private Well
- Sewer
- Septic
- Flood Zone
- Yes
- Construction
- Vinyl Siding
- Color
- Beige
- Roof
- Shingle
- Foundation
- Slab
- Exterior Features
- ShedDeckPatio
- Lot Description
- Level LotWater View
Listing & Financials
- Property Taxes
- $6,288 / Annually
- Days on Market
- 10
- MLS #
- 24192432
- MLS Status
- Under Contract - Continue to Show
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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 4:25 AM UTC.