Rainbow Lake in Ridgefield CT: Real Estate Activity 2006-2008
May 8th, 2008 categories: Buying Your House, Lake Living, Market Data & Statistics, Recent Transactions, Ridgefield, Talking Real Estate
I have been fortunate enough to have lived on Rainbow Lake since November 2001. Over the years, there has been a lot of renovation, re-building, and refurbishing of the original lake cottages surrounding the lake that were built in the mid 1930’s to 1940’s. Rainbow Lake is a magnificent 44 acre lake nestled in a valley behind the Bennett’s Pond Trail System, Hemlock Hills, and Pierrepont State Park in Ridgefield, CT.
In the past few years we have seen an influx of city dwellers looking for a weekend retreat within 1 hour of NYC. Ridgefield’s Rainbow lake, with its quiet understated charm seems to fit the bill. Most of the homeowners of Rainbow Lake are here full-time, but the mix of weekenders and residents give it a resort feel in the heart of the New York suburbs.
Rainbow lake real estate values continue to increase as more and more people discover the allure of lake living. Following are all of the transactions from the past two years around Rainbow Lake. Note how many were listed, sold or both listed and sold by Rob and me. Nobody knows the lake like us and we are always available to answer any questions you might have about buying, selling or living on the lake. We are the ‘lake experts”!
Rainbow Lake Home Sales 2006 - 2008
Note homes listed and sold by The Kimmelman-Gutman Group (KGG)
| Address | List Price | Sold Price | Style | Beds | Baths | |
|---|---|---|---|---|---|---|
| 191 LAKESIDE DR | $599,000 | $550,000 | Cape | 3 | 2.5 | Sold by KGG |
| 210 MOUNTAIN RD | $429,000 | $429,000 | Cottage | 2 | 1.5 | Listed by KGG |
| 265 BENNETTS FARM RD | $509,000 | $478,500 | Contemporary | 3 | 1 | Sold by KGG |
| 321 BENNETTS FARM RD | $949,000 | $910,000 | Ranch | 3 | 3.5 | |
| 6 RAINBOW DR | $420,000 | $387,000 | Ranch | 3 | 1 | |
| 253 BENNETTS FARM RD | $445,000 | $440,000 | Ranch | 3 | 2 | |
| 14 CLEARVIEW DR | $519,900 | $506,000 | Colonial | 3 | 2 | Listed by KGG |
| 40 MOUNTAIN RD | $789,850 | $750,000 | Colonial | 3 | 2.5 | |
| 17 LAKE RD | $629,000 | $592,500 | Colonial | 3 | 2 | Listed and Sold by KGG |
| 174 MOUNTAIN RD | $635,000 | $621,000 | Cape | 3 | 3 | Listed and Sold by KGG |
| 6 CRESCENT DR | $575,000 | $548,000 | Ranch | 2 | 1 | Listed by KGG |
| 157 MOUNTAIN RD | $599,000 | $580,000 | Contemporary | 2 | 2 | Sold by KGG |
| 18 CLEARVIEW TER | $695,000 | $645,000 | Colonial | 3 | 3 | Sold by KGG |
| 18 CLEARVIEW TER | $849,000 | $787,500 | Colonial | 3 | 4.5 | Listed and Sold by KGG |
| 28 CREST RD | $449,000 | $428,000 | Raised Ranch | 3 | 1.5 | Listed and Sold by KGG |
| 66 CRESCENT DR | $539,000 | $510,000 | Contemporary | 3 | 2 | Listed by KGG |
| 205 MOUNTAIN RD | $899,000 | $883,000 | Contemporary | 3 | 3 | Listed by KGG |
| 333 BENNETTS FARM RD | $595,000 | $565,000 | Farmhouse | 4 | 2 | |
| 315 BENNETTS FARM RD | $375,000 | $365,000 | Cottage | 3 | 1 | |
| 109 MOUNTAIN RD | $339,500 | $339,500 | Ranch | 2 | 1 | |
| 279 MOUNTAIN RD | $1,300,000 | $1,200,000 | Contemporary | 3 | 3.5 | |
| 358 BENNETTS FARM RD | $429,000 | $431,000 | Split Level | 3 | 2 | |
| 4 WOODY PL | $499,500 | $487,500 | Colonial | 3 | 3 |
Related Posts:
- 10 Things To Know About Rainbow Lake in Ridgefield, CT.
- 5 Ways to Enjoy the New England Winter in Ridgefield, Connecticut
We are always available to answer questions, give advice or help in any way possible. Please contact us for anything.
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Looks like the values are holding in your area. It is good to see data to contradict the screaming headlines about the entire real estate market.
Yup, it’s really encouraging to see that the generally alarming news about the real estate market are not true for every place in the US. Hopefully, the market will be able to stay that way for a longer period of time.