Monahan Drive
Montville, Connecticut 06353
- Beds
- 0
- Baths
- 0
- SqFt
- —
- Acres
- 27.27
- Property Type
- Land

Matt Caiola
Luxury Real Estate Advisor
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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
- 48 days
- Beds
- 0
- Baths
- 0 baths
- Lot Size
- 27.27 acres
- Property Taxes
- $3,122 / Annually
Market Snapshot
The Montville Market
Land · trailing 12 months
Active Listings
7
1 under contract
Median List Price
$115,000
7 active listings
Median Closed Price
$160,000
8 sales
Median Days on Market
224
7 active listings
Median $ / Sq Ft
--
7 active listings
Sale-to-List Ratio
92.6%
8 sales
How this home compares
List Price
$725,000
vs $115,000 median
6.3× the median
Price / Sq Ft
--
Median unavailable
Limited comparable data
Days on Market
48 days
vs 224 days median
176 days fresher than median
Based on 7 active and 8 closed sales (trailing 12 mo) of land in Montville. Source: SmartMLS · As of September 16, 2026.
Location
Monahan Drive, Montville, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 10, 2026per month
- Principal & Interest$3,766
- Property Taxes$260
- 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
- $3,122 / Annually
- Days on Market
- 48
- MLS #
- 24195363
- 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 9/16/2026. 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 9/16/2026 at 10:25 PM UTC.