Skip to main content

205 Flanders Road

East Lyme, Connecticut 06357

ACTIVE - NEW$494,900
Beds
5
Baths
4
SqFt
2,086
Acres
0.27
Year Built
1940
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

Call Matt

About This Home

Business owners, investors, and homeowners alike - take notice. 205 Flanders Rd. in East Lyme offers a combination that is extremely hard to find in the Niantic area, with both commercial and residential use creating tremendous flexibility for the next owner. Run your business from the same property you call home, eliminate the commute, create a live/work setup, or explore using a portion of the property for business purposes to help offset your ownership costs. There's also plenty of parking, an important benefit for many home-based or professional businesses. Completely renovated throughout, this property features 5 bedrooms, 4 full bathrooms and over 2,000 sq. ft. of living space, new hardwood flooring, updated bathrooms, a beautiful new kitchen with cabinetry, Taj Mahal countertops and brand-new appliances, recessed lighting throughout and a naturally light and bright interior. The walk-out lower level is already plumbed for a second kitchen, adding potential for an in-law or additional living arrangement.

Key Facts

City/Town
East Lyme
Neighborhood
N/A
Property / Style
Single Family · Cape Cod
Year Built
1940
Days on Market
0 days
Beds
5
Baths
4 full
Living Area
2,086 sq ft
Lot Size
0.27 acres
Property Taxes
$5,089 / Annually

Market Snapshot

The East Lyme Market

Single Family · trailing 12 months

Median Days on Market

41

36 active listings

Median $ / Sq Ft

$366

36 active listings

Sale-to-List Ratio

100.0%

181 sales

How this home compares

List Price

$494,900

vs $856,350 median

42.2% below median

Price / Sq Ft

$237

vs $366 median

35.2% below median

Days on Market

0 days

vs 41 days median

41 days fresher than median

Based on 36 active and 181 closed sales (trailing 12 mo) of single family in East Lyme. Source: SmartMLS · As of August 28, 2026.

Location

205 Flanders Road, East Lyme, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,133

per month

  • Principal & Interest$2,544
  • Property Taxes$424
  • Insurance$165
  • HOA$0

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

Location

City/Town
East Lyme
Neighborhood
N/A
County
New London

Residence

Property Type
Single Family
Style
Cape Cod
Year Built
1940
New Construction
No/Resale
Living Area
2,086 sq ft

Schools

Elementary
Per Board of Ed
High
East Lyme

Interior

Heating
Hot Air
Heat Fuel
Oil
Cooling
Central Air
Laundry
Main Level
Laundry Location
Main Level laundry
Appliances
Electric CooktopOven/RangeMicrowaveRefrigeratorDishwasher
Basement
FullFull With Walk-Out
In-Law Apartment
PossibleFirst FloorSeparate Entry

Exterior & Lot

Lot Size
0.27 acres
Zoning
CA
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Lot Description
Corner Lot

Listing & Financials

Property Taxes
$5,089 / Annually
Days on Market
0
MLS #
24202792
MLS Status
Active
Financing
FHA,VA,CHFA

Similar Properties

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

Listed By

Stephano Stravoravdis

(860) 801-2087

Real Broker CT, LLC

(860) 884-9511

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

The IDX display contains information sourced from SmartMLS, Inc. as of 8/28/2026. 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 8/28/2026 at 9:30 PM UTC.