40 Candlewood Lake Road South #4
New Milford, Connecticut 06776
- Beds
- 2
- Baths
- 1 | 1
- SqFt
- 1,090
- Year Built
- 1968
- Neighborhood
- Candlewood Lake
- Property Type
- Condo

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Affordable & Move-In Ready Value! Discover an exceptional opportunity at Candlewood Valley in the southernmost section of New Milford, just a stone's throw from the Brookfield line! This spacious upper-level 2-bedroom, 1.5-bath condo offers nearly 1,100 sq. ft. of beautifully refreshed living space, ideal for an owner-occupant or savvy investor. Recently renovated with luxury vinyl plank flooring and fresh paint throughout, this inviting home features generously sized rooms, a cozy wood-burning fireplace, and a private rear balcony for morning coffee or evening relaxation. Enjoy the convenience of your own washer/dryer hookups with appliances included, plus additional storage in the shared basement, easily accessed from the rear of the building. Reserved parking and abundant additional spaces accommodate guests and multiple vehicles. Location? Hard to beat! Walk to the famous Elephant's Trunk Flea Market on weekends, catch public transportation right outside the complex, or enjoy easy access to Brookfield, shopping, dining, and commuter routes. Historic downtown New Milford and its beautiful Village Green are just minutes away! Whether you're looking for an affordable place to call home or an investment property with income potential, this Candlewood Valley gem checks all the boxes. Fresh, spacious, convenient, and ready for its next chapter. Come see the value for yourself!
Key Facts
- City/Town
- New Milford
- Neighborhood
- Candlewood Lake
- Property / Style
- Condo · Ranch
- Year Built
- 1968
- Days on Market
- 0 days
- Beds
- 2
- Baths
- 1 full · 1 half
- Living Area
- 1,090 sq ft
- Garage / Parking
- 2 total
- Property Taxes
- $3,141 / Annually
- HOA Fee
- $400 / Monthly
Market Snapshot
The New Milford Market
Condo · trailing 12 months
Active Listings
16
14 under contract
Median List Price
$297,450
16 active listings
Median Closed Price
$275,000
114 sales
Median Days on Market
47
16 active listings
Median $ / Sq Ft
$239
16 active listings
Sale-to-List Ratio
100.0%
114 sales
How this home compares
List Price
$259,900
vs $297,450 median
12.6% below median
Price / Sq Ft
$238
vs $239 median
In line with median
Days on Market
0 days
vs 47 days median
47 days fresher than median
Based on 16 active and 114 closed sales (trailing 12 mo) of condo in New Milford. Source: SmartMLS · As of October 21, 2026.
Location
40 Candlewood Lake Road South #4, New Milford, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 15, 2026per month
- Principal & Interest$1,440
- Property Taxes$262
- Insurance$87
- HOA$400
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Milford
- Neighborhood
- Candlewood Lake
- County
- Litchfield
Residence
- Property Type
- Condo
- Subtype
- Condominium
- Style
- Ranch
- Year Built
- 1968
- New Construction
- No/Resale
- Living Area
- 1,090 sq ft
Schools
- Elementary
- Hill & Plain
- Middle
- Sarah Noble Intermediate Schoo
- High
- New Milford
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- Wall Unit
- Fireplaces
- 1
- Laundry
- Main Level
- Laundry Location
- Kitchen
- Appliances
- Oven/RangeRefrigeratorWasherDryer
- Basement
- FullUnfinishedShared BasementStorageConcrete Floor
- In-Law Apartment
- No
- Interior Features
- Cable - Pre-wired
- Accessibility
- Hard/Low Nap Floors
Exterior & Lot
- Zoning
- RM
- Garage / Parking
- 2 total parking spacesParking LotAssigned Parking
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- No
- Construction
- Vinyl Siding
- Color
- Brick
- Exterior Features
- BalconyGuttersLighting
- Lot Description
- Level LotOn Cul-De-Sac
HOA / Association
- Fee
- $400 / Monthly
- Amenities
- Guest Parking
Listing & Financials
- Property Taxes
- $3,141 / Annually
- Days on Market
- 0
- MLS #
- 24215801
- MLS Status
- Active
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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 10/21/2026. 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 10/21/2026 at 2:00 AM UTC.