Direct Waterfront Building Lot in Masons Island Private Association. Rare opportunity to purchase the only direct waterfront building lot currently available on The Island. Located within the Masons Island Private Association at the coveted southern end of the island, this .55 acre approved parcel offers approximately 250 feet of direct waterfront on Mystic River / Mystic Harbor, positioned at the entrance to the river with sweeping water views and a premier coastal setting. The property is fully approved and ready for development, including approved house plans for a 2,963 sq ft, three-bedroom residence, approved dock plans for a 33' Fixed Pier, 19' Gangway and 16' Float and, 305 feet of approved seawall/retaining wall plans. Water depth is approximately 3' at Mean Low Tide (MLT). An A-2 survey, architectural renderings, approvals, and prior perc test results are available for review-significantly reducing permitting timelines and offering a clear path to build. Surrounded by an enclave of fine homes, this magical island setting provides exceptional privacy, natural beauty, and close proximity to Mystic's renowned dining, shopping, marinas, and cultural attractions. Optional membership to the MI Yacht Club may be available; initiation and acceptance are not guaranteed. A truly exceptional and irreplaceable waterfront offering-build new in one of southeastern Connecticut's most exclusive and tightly held coastal communities, where opportunities like this are seldom available.
Lot/land
$1,175,000
28 Money Point Road, Stonington, CT 06355
--beds
--baths
0.52Acres
Unimproved Land
Built in ----
0.52 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Direct waterfront building lotNatural beautyPremier coastal setting
- 2 days |
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Zillow last checked: 8 hours ago
Listing updated: January 05, 2026 at 02:22pm
Listed by:
Judith Caracausa (860)912-9903,
William Pitt Sotheby's Int'l 860-536-5900
Source: Smart MLS,MLS#: 24145796
Facts & features
Interior
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Pond, Beach, Water Community, Association Optional, Access
- Frontage length: 341
Lot
- Size: 0.52 Acres
- Features: Sloped, Approved Building Lot, Lot Staked, Suburban, In Flood Zone
Details
- Parcel number: 2075991
- Zoning: RA-20
Utilities & green energy
- Sewer: Septic Needed
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Features: Gated
- Subdivision: Masons Island
HOA
- Has HOA: No
Location
- Region: Mystic
Financial & listing details
- Tax assessed value: $360,500
- Annual tax amount: $7,780
- Date on market: 1/5/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2026 | Listed for sale | $1,175,000-5.9% |
Source: | ||
| 1/1/2026 | Listing removed | $1,249,000 |
Source: | ||
| 6/4/2025 | Listed for sale | $1,249,000+101.5% |
Source: | ||
| 9/19/2023 | Sold | $620,000+12.7% |
Source: Public Record Report a problem | ||
| 10/25/2021 | Sold | $550,000-8.2% |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,780 +3.5% | $360,500 |
| 2024 | $7,516 +9.4% | $360,500 |
| 2023 | $6,868 -45.3% | $360,500 -25.1% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 06355
Nearby schools
GreatSchools rating
- 9/10Deans Mill SchoolGrades: PK-5Distance: 3.4 mi
- 6/10Stonington Middle SchoolGrades: 6-8Distance: 2.4 mi
- 7/10Stonington High SchoolGrades: 9-12Distance: 6.3 mi
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