$1,100,000 ($636.57 per sqft)

Est. Mortgage $5,562/mo *

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23 River Road, East Lyme, CT, 06333

23 River Road, East Lyme, CT, 06333
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6 rooms

3 beds

2 Full baths

1912

Cottage

1,728 sqft

Cozy Nest Cottages at 23 River Rd, East Lyme, CT offers a unique shoreline opportunity for owner occupants or investors. The main home, remodeled in 2007, is a charming year-round residence with water views, deeded access to the Niantic River, a mooring, and a generator hookup. It features a versatile 3-bedroom, 2-full-bath floor plan, a two-car garage, storage, and a shed. Situated on an acre-plus parcel, the property includes seven cottages ranging from 240 to 600 sq ft. These cottages feature one-bedroom units with open kitchen-family room styles, studios with lofts, and larger open-concept studios. Six cottages have porches, and three are seasonal, all showcasing a unique "cottage beach style" with one bathroom per cottage. Ideal for family vacations, friends' getaways, individuals, traveling nurses, and wedding parties, the cottages also offer significant rental income potential from platforms like Airbnb, VRBO, and private rentals. The main home can generate $3,500 per month, while the cottage rentals are estimated to bring in $60,000 - $75,000 annually, for a total potential annual rental income of $117,000. Additional highlights include a lodging license, no flood insurance requirement, and proximity to the Niantic River and Oswegatchie Hills Nature Preserve trails. This quiet enclave of homes is just minutes from I-95/I-395. Enjoy the breathtaking views of the sunset and river from the main home or cottages. Live in the primary home or rent it out and capitalize on the rental income from the cottages. Schedule your viewing today with the listing agent.

Status:

Active

Type:

Single-family residential

Zoning:

R10

Garage:

2-car Detached Garage

Heating:

Hot Air

Cooling:

Central Air

Basement:

Full

Acreage:

1.02

Est. Taxes:

$9,232

Assessment

$350,350

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

145

Appliances:

Microwave, Range Hood, Dishwasher, Washer, Dryer

MLS #:

24035490

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Tyler DeVecchis, Berkshire Hathaway NE Prop. Email: tylerdevecchisrealtor@gmail.com