Exceptional Residential Development Opportunity - 27.27 Acres | Monahan Drive, Montville, CT Rare opportunity to acquire 27.27 acres of prime residential development land in the growing community of Montville, Connecticut. This outstanding property has the groundwork already in place, with subdivision engineering and surveying completed for approximately 40 residential building lots, allowing developers and builders to accelerate the development process. Ideally situated with convenient access to Interstate 395, Routes 32 and 2A, the property is strategically located near Southeastern Connecticut's largest employment centers. Just minutes away are General Dynamics Electric Boat in Groton, a major employer supporting the U.S. Navy's submarine program, and Pfizer, home to one of the region's premier pharmaceutical research and development facilities. Additional nearby economic drivers include Mohegan Sun, Foxwoods Resort Casino, the U.S. Naval Submarine Base New London, Lawrence + Memorial Hospital, and Yale New Haven Health facilities serving the region. Continued employment growth throughout Southeastern Connecticut has created strong demand for new housing, making this an ideal investment opportunity. Whether you're a regional or national builder looking for your next subdivision, or a developer seeking a shovel-ready project in a high-demand market, this property offers tremendous upside with significant pre-development work already completed.
| Listing Id: | 24195363 |
|---|---|
| List Price: | $725,000 |
| Property Type: | Lot & Land |
| Property Sub Type: | Residential Land |
| Status: | Active |
| Bank Owned Property: | No |
| Property Tax: | $3,122 |
| Acres: | 27.27 |
| Direct Waterfront Yn: | No |
| City: | Montville |
| County: | New London |
| Postal Code: | 06353 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $99,330 |
| Basement Description: | No |
| Comp Only Manual Yn: | No |
| Current Price: | $725,000.00 |
| Directions: | Old Colchester Rd, to Gay Hill Rd, To Monahan |
| Display Fair Market Value Yn: | Yes |
| Documents Available: | Plot Plan/Survey, Other |
| Elementary School: | Per Board of Ed |
| Flood Zone Yn: | No |
| High School: | Montville |
| Home Owner's Assocation: | No |
| Listing Contract Date: | 2026-07-29 |
| Location: | Suburban |
| Lot Description: | Lightly Wooded, Level Lot |
| Lot Improvements: | None |
| Lots Number Of: | 40 |
| Mil Rate Total: | $31.43 |
| Status: | Active |
| Occupied By: | Vacant |
| Original List Price: | $725,000 |
| Parcel Number: | 2432416 |
| Possession Availability: | Immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 655-7004 |
| Price: | $725,000 |
| Remarks Public Addendum: | Subdivision & Survey plans available upon request. |
| Road Frontage Description: | None |
| Sewage System: | Public Sewer In Street |
| Sign Yn: | Yes |
| Subdividable Ynu: | Yes |
| Tax Year: | July 2026-June 2027 |
| Under Agreement Yn: | No |
| Utilities Available: | Cable Available, Electric Available, Gas Available |
| Waterfront Description: | Not Applicable |
| Water Source: | Private Well |
| Zoning: | R40 |
Listing Courtesy of: William Raveis Real Estate
Listing Agent: Santo Gulino
(860) 655-7004
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Smart MLS Inc. data last updated on October 08, 2026 06:45 PM - ET
Property Last Updated: October 08, 2026 06:45 PM - ET