138 North Cove Road
Old Saybrook, Connecticut 06475
- Beds
- 4
- Baths
- 3 | 1
- SqFt
- 2,734
- Acres
- 0.54
- Year Built
- 1930
- Neighborhood
- Saybrook Point
- Property Type
- Single Family

Matt Caiola
Luxury Real Estate Advisor
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About This Home
A Rare Coastal Opportunity Awaits! Set in the highly sought-after North Cove Historic District of Old Saybrook, this grand colonial offers something truly special: a coveted prime coastal location, spectacular water views, and incredible potential to create the home you've always envisioned. Originally built in 1930 and expanded in 1987, this property has the character, scale, and bones of a remarkable coastal residence-but today, it's ready for a new vision. With water views from nearly every room, spacious living areas, French doors leading out to a large deck, beautiful bay windows, a brick fireplace, a first-floor primary suite, four bedrooms, three and a half baths, a two-car garage with loft space, and an exceptional setting-there is truly so much to work with. The existing layout provides a strong foundation for someone looking to renovate, reimagine, and create a truly spectacular coastal retreat in one of Connecticut shoreline's most desirable neighborhoods. Located within walking distance of local restaurants, shops, beaches, and everything else that Main Street has to offer. Property being sold in "as is".
Key Facts
- City/Town
- Old Saybrook
- Neighborhood
- Saybrook Point
- Property / Style
- Single Family · Colonial,Saltbox
- Year Built
- 1930
- Days on Market
- 61 days
- Beds
- 4
- Baths
- 3 full · 1 half
- Living Area
- 2,734 sq ft
- Lot Size
- 0.54 acres
- Garage / Parking
- 2 garage
- Property Taxes
- $10,401 / Annually
Market Snapshot
The Old Saybrook Market
Single Family · trailing 12 months
Active Listings
33
14 under contract
Median List Price
$935,000
33 active listings
Median Closed Price
$748,000
132 sales
Median Days on Market
76
33 active listings
Median $ / Sq Ft
$466
33 active listings
Sale-to-List Ratio
99.4%
132 sales
How this home compares
List Price
$2.00M
vs $935,000 median
2.1× the median
Price / Sq Ft
$732
vs $466 median
57.1% above median
Days on Market
61 days
vs 76 days median
15 days fresher than median
Based on 33 active and 132 closed sales (trailing 12 mo) of single family in Old Saybrook. Source: SmartMLS · As of October 22, 2026.
Location
138 North Cove Road, Old Saybrook, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 22, 2026per month
- Principal & Interest$10,991
- Property Taxes$867
- Insurance$667
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Old Saybrook
- Neighborhood
- Saybrook Point
- County
- Middlesex
Residence
- Property Type
- Single Family
- Style
- Colonial,Saltbox
- Year Built
- 1930
- New Construction
- No/Resale
- Living Area
- 2,734 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Old Saybrook
Interior
- Heating
- Hot AirZoned
- Heat Fuel
- Oil
- Cooling
- Central Air
- Fireplaces
- 1
- Laundry
- Main Level
- Appliances
- Oven/RangeDishwasher
- Basement
- FullUnfinishedFull With Hatchway
Exterior & Lot
- Lot Size
- 0.54 acres
- Zoning
- AA-2
- Garage / Parking
- 2 garage spacesDetached Garage
- Waterfront Details
- Walk to WaterView
- Water Source
- Public Water Connected
- Sewer
- Septic
- Flood Zone
- No
- Construction
- Wood
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Exterior Features
- TerraceAwningsPorchDeckFrench Doors
- Lot Description
- Water View
Listing & Financials
- Property Taxes
- $10,401 / Annually
- Days on Market
- 61
- MLS #
- 24199659
- MLS Status
- Under Contract
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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 10/22/2026. 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 10/22/2026 at 7:05 PM UTC.