$5,900,000 520 Bailey Hill Road Killingly, CT

MLS: L10060067   Type: Land   County: Windham   City: Killingly   Neighborhood: Tri-lakes - Llc   Zip: 06241   Style: Residential Land     Stories: 1   Taxes: $8,604

Mortgage $27,699 /mo



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SECLUDED 50 ACRE LAKE ON PRIVATELY OWNED 645 ACRE WILDERNESS TRACT including 2 smaller lakes and 2 streams in Connecticut's quiet Northeast corner. Absolute peace, quiet and security yet only minutes from Rte 395 and community amenities. Located on 2 paved town roads with 3 separate means of ingress and egress, the property boasts an extensive network of miles of drivable gravel roads allowing easy viewing and direct access to hidden lakes and interior. Numerous waterfront building sites on pine and oak studded knolls all have long lake views. For the developer, the parcel is an approved 4 phase 135 lot cluster subdivision ready for development. For the nature lover, this is heaven on earth. Abundant wildlife provides excellent hunting and fishing as well. Zoning regulations allow and recorded engineering data show the feasibility for various other uses including family compound, large estate lots, recreational, corporate headquarters, etc. A leased monolith tower in a remote corner not visible from a vast majority of the property provides strong cell service (lessee is responsible for annual real estate taxes of $3,378 of the total $8,891). Owner will sell 545+/- acres inclusive of the 3 lakes for $4,900,000 (subject to subdivision approval). Distance to Providence 23 miles, Hartford 50 miles, Boston 65 miles, New York City 155 miles. Several major airports are within one hour's drive.

Elementary School

Middle School

High School

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Price History

7/6/2015 Listed $9,750,000
4/4/2017 30% - $6,900,000
6/11/2018 15% - $5,900,000

Acres 645.1700
Elementary School PBOE
High School PBOE
Intermediate School PBOE
Location Rural
Middle School/High School PBOE
Nearby Amenities Golf Course, Medical Facilities, Private School(s), Shopping/Mall
Neighborhood East Killingly
Potential Short Sale No
Property Type Lots and Land For Sale
Status Active
Sub Type Residential Land
Subdivision Tri-Lakes, LLC
Tax Year July 2022-June 2023
Utilities Available Electric Available, Phone Available, Cable Available
Virtual Tour Yn No
Waterfront Description Direct Waterfront, Brook, Lake, View
Zoning Rural

Interior Features

Fuel Tank Location Non Applicable
Heat Fuel Type No Fuel

Exterior Features

Direct Waterfront Yn Yes
Lot Description Secluded, Water View, Level Lot, Lightly Wooded, Sloping Lot, Fence - Stone
Lots Number Of 135
Road Frontage Approximate 2500
Road Frontage Description Municipal Street, Paved Road
Sewage System Septic Required
Water Source Well Required

Property Schools

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Property vs Zip Code Avg (06241)

Price 5.90M Avg 718K

Taxes $8,604 Avg $2,560

Acres 645.17 Avg 75.52

Visits 2,096 Avg 195

Days on Site 2,598 Avg 394

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Listed By: J. Thomas Mettling with J. Thomas Mettling

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Location & Address

Gallagher Real Estate
1763 Northampton St
Holyoke, MA