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15 Academy LaneOld Lyme, CT 06371MLS Number 170249669

  • Price: $1,550,000The price has recently decreased
  • Est. Mortgage of $/month
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Price Down Payment Interest Rate Years

Est. Mortgage: $/month

Federal 30-year interest rate: 3.65% last updated on 2020-01-16

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 4Bedrooms
  • 5Bathroom
  • 6,956Square Feet
  • 1.1Acreage

Distinctive waterfront residence in a private setting on the Lieutenant river, in the village of Old Lyme. Originally designed by R. Frederick Kelly in 1931, it was then expanded and updated in 1993 by architect Paul B. Bailey. The first-floor offers a great flow for entertaining large parties, with 3 large adjoining rooms, wide doorways, and double pocket doors. There is also a cozy den off the foyer, and a private office in the rear of the house. The 2-story addition added a sun-filled family room with 180-degree water views, and a private master bedroom suite, bringing the interior up to date. The expanded kitchen includes professional appliances and several work areas that any chef would enjoy. An elevator was added that services three floors. An inviting stone terrace overlooks the lawn sloping down to the river and deep-water dock. This is an ideal setting for entertaining and relaxing while reveling in natures beauty, including spectacular sunsets. Upstairs, two additional bedrooms have en-suite bathrooms and one offers a balcony overlooking the river. There is also a second-floor office with built-in cabinetry overlooking the back yard. Stairs lead to the third-floor attic with cedar closets. There is a workshop in the lower level as well as a heated workshop in the garage. The property offers a unique waterfront lifestyle and peaceful privacy while being steps to the village of Old Lyme. The house is not in the high-risk flood zone.

Listed by Rose McWaid of William Raveis Real Estate

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Basic Information

  • MLS Number170249669
  • StatusACT
  • List Price$1,550,000
  • Square Feet6,956
  • Property TypeSingle Family For Sale
  • HoaNo
  • Lease purchaseNo


  • Acreage1.1
  • Building ConstructionFrame
  • Lot DescriptionFence - Wood
  • Driveway TypeCircular, Crushed Stone
  • Garages2
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo


  • Colorwhite
  • Exterior featuresBalcony, Gutters, Stone Wall, Terrace
  • Exterior sidingClapboard, Wood


  • Appliances Included
    • Dishwasher
    • Disposal
    • Gas Range
    • Icemaker
    • Microwave
    • Range Hood
    • Refrigerator
  • Fha approvedNo
  • SubletableNo
  • Space is leasedNo
  • View Count8

Tax Information

  • Assessed value$1,014,560
  • Milrate base22
  • Milrate total22.41
  • Taxes$22,736
  • Tax YearJuly 2019-June 2020


  • Full Bath4
  • Half Bath1
  • BasementFull With Hatchway, Concrete Floor
  • Attic descriptionWalk-up
  • AtticYes
  • Bedrooms4
  • Bathroom5
  • Year Built1931
  • Property StyleColonial, Georgian Colonial
  • Fireplaces2
  • FoundationConcrete, Stone
  • Garage Parking InfoDetached Garage
  • New construction typeNo
  • Inlaw apartmentyNo


  • Waters ourcePrivate Well
  • Cooling SystemCentral Air
  • Hot water descriptionElectric
  • Heating FuelOil
  • Fuel tank locationIn Basement
  • Heat SystemSteam, Zoned
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemSeptic

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolLyme-Old Lyme


  • Laundry room infoLower Level


  • StateCT
  • Zip06371
  • CountyNew London
  • Short SaleNo


  • Rooms11
  • Handicap Features
    • 32" Minimum Door Widths
    • 60" Turning Radius
    • Accessible Bath
    • Bath Grab Bars
    • Hallways 36+ Inches Wide
    • Hard/Low Nap Floors
    • Lever Faucets
  • Rooms additionalLaundry Room, Sitting Room, Workshop
  • Interior featuresAuto Garage Door Opener, Cable - Pre-wired, Elevator, Security System
  • RoofAsphalt Shingle
  • Radon mitigation airNo
  • Radon mitigation waterNo

Water Body

  • Waterfront DescriptionDirect Waterfront, River, Dock or Mooring, View

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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