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1189 Pequot Trail, Stonington (Olde Mystic Village), CT, 06378 | $5,500,000

Originally built mid-1700s as a livestock farm, Deans Mill Farm has been beautifully restored and transformed into 1 of Ct's most charming destinations. Set on over 70 acres of pristine countryside in Stonington, this property now operates as an event venue & 5-rm bed & breakfast. It shares the grounds with Dragonfly Equestrian Center, home to dozens of horses, meadows, hiking trails, open fields, & even Dragonfly Disc Golf, Deans Mill Farm is ideal for weddings, parties, & special events. Guests may book rms or reserve entire property for privacy. The Farmhouse accommodates intimate indoor gatherings of up to 50 guests, while outdoor tented celebrations can host up to 250 guests with multiple picturesque backdrops. Whether you continue the existing business or bring your own vision, possibilities are endless. Picture the equestrian center as a unique indoor wedding venue, cocktail hour alongside the stalls, & private events where you live & entertain on-site. The equestrian center features a lovely living space above with a private deck-perfect for an owner, manager, or VIP guest. A small home serves as a full-time Airbnb or could house live-in help. Main estate functions as both an Airbnb and bridal suite, complete with a nostalgic Speakeasy bar (liquor license included). The beer garden hosts live bands every Thursday & Sunday, offering food, beer, & lively charm that adds to its income potential. For additional information review MLS 24103036 and 24103042

Features

  • Town: Stonington
  • Current Use: Wedding Venue/Equestrian/AirBNB/Beer Garden/Disc Golf
  • Permitted Use: Residential/Farming/Group Home/Agricultural/Compound/Horse shows/
  • Utilities: Electric,Telephone,Cable
  • Heating: Heat Pump,Hot Air,Hot Water,Wall Unit
  • Cooling: Ductless,Split System,Wall Unit
  • Units: 3
  • Zoning: Gb-130
  • Frontage: Municipal Street,Paved Road
  • Year Built: 2018
  • Approx Sq. Feet: 35,319
  • Acreage: 77.88
  • Est. Taxes: $42,635
  • Lot Desc: Farm Land,Treed,Dry,Level Lot,Sloping Lot,Cleared
  • MLS#: 24103028
  • Website: https://www.raveis.com
    /raveis/24103028/1189pequottrail_stonington_ct?source=qrflyer
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Linda O'Hara - Linda's TeamLuxury Properties Specialist

860.209.7044

Linda.OHara@Raveis.com

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To learn more about our credentials, visit raveis.com today.

Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Diane PadelliInsurance Sales Director, William Raveis Insurance

203.444.0494

Diane.Padelli@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
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1189 Pequot Trail, Stonington (Olde Mystic Village), CT, 06378

$5,500,000

Linda O'Hara - Linda's Team

Luxury Properties Specialist

William Raveis Real Estate

Phone: 860.209.7044

Linda.OHara@Raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
 15 Year
Fixed-Rate Jumbo
Loan Amount $4,400,000 $4,400,000 $4,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.246% 6.110% 5.952%
Monthly Tax Payment $3,553 $3,553 $3,553
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,957 $26,380 $36,538
Total Monthly Payment $27,635 $30,058 $40,216

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.

Equal Housing Lender

William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524