Price Reduced 40.02%

$1,199,000 ($385.16 per sqft)

Est. Mortgage $5,828/mo *

Quick Pre-Approval

Listing courtesy of Tammy Tinnerello (860) 867-6120, William Pitt Sotheby's Int'l (860) 434-2400


Price History

$1,999,000
4/2/2026

$1,199,000
4/2/2026


60 Lyme Street, Old Lyme, CT, 06371

60 Lyme Street, Old Lyme, CT, 06371

8 rooms

3 beds

1 Full / 2 Half baths

1875

Antique

3,113 sqft

A Rare Mixed Use Offering with River Access in the Heart of Old Lyme Village. Set in the center of Old Lyme Village, this storied 1897 landmark, originally the James Bugbee Store offers a compelling opportunity to reimagine a historic property as a refined live/work compound or gallery driven residence. The flexible zoning allows for both residential and commercial use, making it particularly well suited for those seeking a seamless integration of business, creativity, and home. Positioned on an expansive parcel within the desirable Turtle Fields Association, the property includes shared dock access to the Lieutenant River, an exceptional amenity that brings the water directly into daily life and elevates the overall experience of the setting. The grounds are a defining feature, with three separate barns, a storage structure, and a generous yard creating a rare framework for a thoughtfully designed compound. Whether envisioned as a primary residence paired with a studio or gallery, a boutique workspace with private living quarters, or a creative retreat, the configuration supports both lifestyle and function. Inside the structure reflects its late 19th century origins, offering scale, character, and an open layout ready for purposeful transformation. Just moments from the Village's cultural landmarks, including the Florence Griswold Museum, Old Lyme Inn, the Cooley Gallery, and the Lyme Academy of Fine Arts, all in a setting long embraced by artists and collectors. Life here unfolds with ease, morning coffee at Coffee's Country Market, a stroll through town, and evenings shaped by the shoreline's quiet rhythm. Local favorites such as The Hangry Goose, Old Lyme Inn, and Bowerbird bring a sense of familiarity and charm, while nearby antique shops and everyday conveniences are seamlessly woven into Village life. Beyond the Village, miles of nearby beaches, access to the Connecticut River, and proximity to Long Island Sound create a lifestyle centered around the water, boating, beach days, and sunset views all within easy reach. Positioned approximately two hours from both Boston and New York City, Old Lyme offers a rare balance of coastal tranquility and accessibility.


Status:

Active

Type:

Single-family residential

Zoning:

R-15

Garage:

1-car Barn, Detached Garage, Paved, Driveway

Heating:

Hot Air

Cooling:

Central Air

Basement:

Full, Unfinished

Parking:

8-car

Common Charge:

$300 Annually

Acreage:

1.11

Est. Taxes:

$10,452

Assessment

$644,000

HOA Fee

$300

Lot Description:

Fence - Partial,Treed,Level Lot,Water View

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Lyme-Old Lyme

Days on Market:

60

Appliances:

Electric Range, Microwave, Refrigerator

MLS #:

24164057


Community Info

School Info

Walk Score

Mass Transit

Yelp


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