New Listing - 05/24/2026

$499,900 ($462.87 per sqft)

Est. Mortgage $2,430/mo *

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Listing courtesy of Joel Lucas (860) 304-9150, Coldwell Banker Realty (203) 245-4700

55 Woodland Drive, Old Saybrook, (Knollwood Beach), CT, 06475

55 Woodland Drive, Old Saybrook, (Knollwood Beach), CT, 06475
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6 rooms

4 beds

1 Full baths

1950

Cape Cod

1,080 sqft

Tremendous opportunity in the sought-after Knollwood Beach Association! This coastal property is ideal for builders, flippers, investors, or buyers looking to create a custom beach retreat. Included in the sale is a rare undeveloped .40-acre lot at 53 Woodland Drive with its own separate field card, offering exceptional flexibility and future potential. The existing home needs significant cosmetic renovation and is being sold strictly "as is," but the layout, bones, and mechanical systems appear solid. Dry basement adds additional value and utility. The home was occupied until several months ago, though sellers have never lived in the property and no disclosures are available. Possible second-floor water views if rebuilt or expanded. Located in one of Old Saybrook's most desirable beach communities with access to Knollwood Beach Association amenities including a private sandy beach, clubhouse, tennis, pickleball, basketball, kayak storage, and more. Rare chance to renovate, rebuild, or develop in a prime shoreline location. Offers with financing will not be accepted.

Status:

Active

Town:

Old Saybrook

Type:

Single-family residential

Zoning:

A

Garage:

Unpaved

Heating:

Hot Air

Cooling:

None

Basement:

Full, Sump Pump, Concrete Floor, Full With Hatchway

Parking:

4-car

Acreage:

0.33

Est. Taxes:

$5,769

Assessment

$372,200

Lot Description:

Level Lot

Elementary School:

Kathleen E. Goodwin

Middle School:

Per Board of Ed

High School:

Old Saybrook

Days on Market:

0

Appliances:

None

MLS #:

24178053

Community Info

School Info

Walk Score

Mass Transit

Yelp

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