Property Description

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.

Features

Fireplaces Total:: 0
Parking Total Spaces:: 0
Location:: Suburban, Rural
Lot Description:: Secluded, Treed
Water Source:: No

Address Map

Street:: Lantern Hill
Street Number:: 586-Z
Floor Number:: 0
Longitude:: W72° 3′ 23.3”
Latitude:: N41° 26′ 16.1”

MLS Addon

Office Name:: RE/MAX One
Agent Name:: Christopher Torrez
List Agent MLSID:: TORREZC
List Office MLSID:: RMHMTM00
Tax Year:: July 2022-June 2023
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.
Elementary School:: Per Board of Ed
High School:: Per Board of Ed
HOA Fee Amount:: $0
Parcel Number:: 1535655
Property Tax:: $5,013
Zoning:: R80