586-Z Lantern Hill Road
North Stonington, CT 06359
$1,100,000
Exceptional development opportunity featuring 87.77 acres across two combined parcels in a prime Southeastern Connecticut location. This offering includes 576 Lantern Hill Rd, Ledyard (1.9 acres with approximately 464 feet of road frontage) and 586-Z Lantern Hill Rd, North Stonington (85.87 acres), creating endless potential for investors and developers alike. With substantial acreage and strong frontage exposure, this property presents outstanding possibilities for a large residential subdivision, apartment complex, hotel development, mixed-use project, or other commercial/residential ventures. Ideally situated just minutes from Foxwoods Resort Casino, with convenient access to Mystic, General Dynamics Electric Boat, and Misquamicut State Beach, the location offers both accessibility and strong regional appeal. This rare assemblage combines privacy, scale, and strategic positioning in one of the area's fastest-growing corridors. An ideal opportunity for a visionary developer looking to capitalize on the area's continued growth and demand.
| Listing Id: | 24175112 |
|---|---|
| List Price: | $1,100,000 |
| Property Type: | Lot & Land |
| Property Sub Type: | Residential Land |
| Status: | Active |
| Bank Owned Property: | No |
| Property Tax: | $5,013 |
| Acres: | 87.77 |
| Direct Waterfront Yn: | No |
| City: | North Stonington |
| County: | New London |
| Postal Code: | 06359 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $176,190 |
| Basement Description: | No |
| Comp Only Manual Yn: | No |
| Current Price: | $1,100,000.00 |
| Directions: | Use GPS or call listing agent. To access 586-Z turn down Hyde Mill Pentway and take a right at the sign. You'll drive down a path that will take you to the cleared space. From there you can head down other paths to explore the rest of the lot. |
| Display Fair Market Value Yn: | Yes |
| Documents Available: | None |
| Elementary School: | Per Board of Ed |
| High School: | Per Board of Ed |
| Home Owner's Assocation: | No |
| Listing Contract Date: | 2026-05-13 |
| Location: | Suburban, Rural |
| Lot Description: | Secluded, Treed |
| Lot Improvements: | None |
| Lots Number Of: | 2 |
| Mil Rate Total: | $28.45 |
| Status: | Active |
| Occupied By: | Vacant |
| Original List Price: | $1,100,000 |
| Parcel Number: | 1535655 |
| Possession Availability: | Asap |
| Potential Short Sale: | No |
| Preferred Phone: | (401) 952-8432 |
| Price: | $1,100,000 |
| Road Frontage Approximate: | 464 |
| Road Frontage Description: | Municipal Street |
| Sewage System: | None |
| Sign Yn: | Yes |
| Tax Year: | July 2022-June 2023 |
| Under Agreement Yn: | No |
| Utilities Available: | None/Unknown |
| Waterfront Description: | Not Applicable |
| Water Source: | None |
| Zoning: | R80 |
Listing Courtesy of: RE/MAX One
Listing Agent: Christopher Torrez
(401) 952-8432
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Smart MLS Inc. data last updated on October 08, 2026 06:51 PM - ET
Property Last Updated: October 08, 2026 06:51 PM - ET
