About this home

Set on 2.1 private acres directly along Hamburg Cove, WATERLOT offers an extraordinary opportunity to acquire a premier waterfront estate on one of New England's most cherished maritime retreats. Renowned among boating enthusiasts as one of the region's finest and most secure "hurricane holes," Hamburg Cove provides a beautiful backdrop to this home. The property boasts over 220 feet of direct water frontage and potential for dockage capable of accommodating vessels up to 80 feet - a true unicorn for the region, where private residential slips of this scale and depth are virtually non-existent. Built with exceptional craftsmanship, the home offers a timeless foundation for its next chapter. While impeccably maintained and completely functional to enjoy as-is, the interiors await your bespoke design vision, offering an ideal canvas to craft a world-class waterfront haven. The 5-bedroom, 4.5-bathroom home centers around a dramatic open atrium bathed in natural light featuring vaulted ceilings, exposed wooden rafters, light oak raised paneling, intricate staircase millwork, and a pink granite fireplace. A second-story mezzanine overlooks the main living area, creating an airy, layered architectural flow. The property offers tremendous potential for expansion, including a full lower level ready to be finished. Architectural renderings and permits are underway for a second detached garage capable of supporting a 1,200sf accessory dwelling unit, and 5 additional garage bays - ideal for a guest suite, captain's quarters, or studio space. Located only 2.5 hours to NYC or Boston, 87 Cove Rd offers a rare opportunity to experience the finest in waterfront living. Agent/Owner related. Come discover the Lyme lifestyle!

Facts and features

Schools

• Lyme Consolidated School

  elementary · K-5 · 2.9 mi

  8

• Lyme-Old Lyme Middle School

  middle · 6-8 · 4.3 mi

  9

• Lyme-Old Lyme High School

  high · 9-12 · 4.3 mi

  8

• Mt Saint John

  high · 9-12 · 3.8 mi

• The Children's Tree Montessori

  elementary · K-9 · 3.9 mi

• The Children's Tree Montessori School

  elementary · K-4 · 3.9 mi

Price history

• Oct 7, 2026 · Listed$3,495,000
• Jul 14, 2026 · Sold$2,200,000
• Sep 19, 1983 · Sold$200,018
• Jun 28, 1983 · Sold$200,000

Tax history

• 2026$24,128 tax · $1,664,000 assessed
• 2023$22,244 tax · $1,140,700 assessed
• 2022$22,757 tax · $1,140,700 assessed
• 2021$22,757 tax · $1,140,700 assessed
• 2020$22,757 tax · $1,140,700 assessed
• 2019$22,757 tax · $1,140,700 assessed
• 2018$24,102 tax · $1,295,800 assessed
• 2017$23,648 tax · $1,295,800 assessed

Home value

$2,241,000

• Collateral Analytics$2,241,000
• Cotality$2,169,900
• Quantarium$3,485,296

Where it is