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Monahan Drive

Montville, Connecticut 06353

ACTIVE - NEW$725,000
Beds
0
Baths
0
SqFt
Acres
27.27
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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About This Home

Exceptional Residential Development Opportunity - 27.27 Acres | Monahan Drive, Montville, CT Rare opportunity to acquire 27.27 acres of prime residential development land in the growing community of Montville, Connecticut. This outstanding property has the groundwork already in place, with subdivision engineering and surveying completed for approximately 40 residential building lots, allowing developers and builders to accelerate the development process. Ideally situated with convenient access to Interstate 395, Routes 32 and 2A, the property is strategically located near Southeastern Connecticut's largest employment centers. Just minutes away are General Dynamics Electric Boat in Groton, a major employer supporting the U.S. Navy's submarine program, and Pfizer, home to one of the region's premier pharmaceutical research and development facilities. Additional nearby economic drivers include Mohegan Sun, Foxwoods Resort Casino, the U.S. Naval Submarine Base New London, Lawrence + Memorial Hospital, and Yale New Haven Health facilities serving the region. Continued employment growth throughout Southeastern Connecticut has created strong demand for new housing, making this an ideal investment opportunity. Whether you're a regional or national builder looking for your next subdivision, or a developer seeking a shovel-ready project in a high-demand market, this property offers tremendous upside with significant pre-development work already completed.

Key Facts

City/Town
Montville
Neighborhood
N/A
Property Type
Land
Days on Market
0 days
Beds
0
Baths
0 baths
Lot Size
27.27 acres
Property Taxes
$2,868 / Annually

Market Snapshot

The Montville Market

Land · trailing 12 months

Median Days on Market

167

10 active listings

Median $ / Sq Ft

--

10 active listings

Sale-to-List Ratio

90.0%

7 sales

How this home compares

List Price

$725,000

vs $127,450 median

5.7× the median

Price / Sq Ft

--

Median unavailable

Limited comparable data

Days on Market

0 days

vs 167 days median

167 days fresher than median

Based on 10 active and 7 closed sales (trailing 12 mo) of land in Montville. Source: SmartMLS · As of July 30, 2026.

Location

Monahan Drive, Montville, Connecticut

Property + 3 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$4,178

per month

  • Principal & Interest$3,697
  • Property Taxes$239
  • Insurance$242
  • HOA$0

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

Location

City/Town
Montville
Neighborhood
N/A
County
New London

Residence

Property Type
Land
Subtype
SingleFamilyResidence

Schools

Elementary
Per Board of Ed
High
Montville

Exterior & Lot

Lot Size
27.27 acres
Zoning
R40
Waterfront Details
Not Applicable
Water Source
Private Well
Sewer
Public Sewer In Street
Flood Zone
No
Lot Description
Lightly WoodedLevel Lot

Listing & Financials

Property Taxes
$2,868 / Annually
Days on Market
0
MLS #
24195363
MLS Status
Active

Similar Properties

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

Listed By

Santo Gulino

(860) 655-7004

William Raveis Real Estate

(860) 344-1658

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/30/2026. 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 7/30/2026 at 11:45 PM UTC.