60 Lyme Street, Old Lyme, CT, 06371 | $1,199,000

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.

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 1 full / 2 half
  • Style: Antique
  • Year Built: 1875
  • Garage: 1-car Barn,Detached Garage,Paved,Driveway
  • Heating: Hot Air
  • Cooling: Central Air
  • Basement: Full,Unfinished
  • Above Grade Approx. Sq. Feet: 3,113
  • Acreage: 1.11
  • Est. Taxes: $10,452
  • HOA Fee: $300 Annually
  • Lot Desc: Fence - Partial,Treed,Level Lot,Water View
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Lyme-Old Lyme
  • Appliances: Electric Range,Microwave,Refrigerator
  • MLS#: 24164057
  • Website: https://www.raveis.com
    /eprop/24164057/60lymestreet_oldlyme_ct?source=qrflyer
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Listing courtesy of William Pitt Sotheby's Int'l   Phone: (860) 434-2400

Room Information

Type DescriptionDimensionsLevel
Bedroom 1 9 ft+ Ceilings,Book Shelves,Half Bath,Hardwood Floor19.5 x 14.0Upper
Bedroom 2 Built-Ins,Hardwood Floor12.6 x 8.2Upper
Dining Room Balcony/Deck,Built-Ins,French Doors,Patio/Terrace,Sliders,Hardwood Floor11.0 x 18.0Main
Family Room 9 ft+ Ceilings,Hardwood Floor18.1 x 27.6Upper
Great Room Bay/Bow Window,9 ft+ Ceilings,Ceiling Fan,Hardwood Floor36.5 x 27.6Main
Kitchen Double-Sink,Vinyl Floor9.1 x 14.4Main
Loft 9.9 x 10.5Upper
Office Built-Ins,Hardwood Floor6.1 x 6.1Main
Other Hardwood Floor11.6 x 11.1Upper
Primary Bedroom Hardwood Floor12.0 x 15.0Upper

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

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

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeInsurance Sales Director, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • 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
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

60 Lyme Street, Old Lyme, CT, 06371

$1,199,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $959,200 $959,200 $959,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $871 $871 $871
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,371 $5,828 $8,030
Total Monthly Payment $6,367 $6,824 $9,026

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.