23 River Road East Lyme, CT 06333
3 bed / 2 bath / 1,728 Sq. Ft. / 44,431 Sq. Ft., 1.02 acres lot size / Single Family
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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.
property details
Type
Single Family
Status
Active
County
New London
Year Built
1912
Beds
3
Full Baths
2
Sq. Ft.
1,728
Lot Size
44,431 Sq. Ft., 1 acres
Listing Id
24035490
Courtesy Of
Tyler DeVecchis - Berkshire Hathaway NE Prop. lisacozzi@bhhsne.com
List Office Phone
+1 (860) 633-3674
Interior Features
Appliances
Dishwasher
Dryer
Microwave
Washer
Range Hood
Dryer
Microwave
Washer
Range Hood
Living Area Units
Sq. Ft.
Rooms Total
6
Full Baths
2
Bathrooms Total
2
Exterior Features
Roof
Asphalt
Lot/Land Description
Level
Parking
Garage Door Opener
Foundation
Stone
Concrete Perimeter
Concrete Perimeter
Utility & Building Info
Sewer
Septic Tank
Parcel Number
1471066
Cooling
Central Air
Water Source
Well
Heating
Propane
Forced Air
Forced Air
Tax Amount
9232
Building Area Total
1,728 Sq. Ft.
Price Per Sq Ft
$637
Architectural Style
Cottage
Price History
| date | event | price | source |
|---|---|---|---|
|
07/26/2024
07/26/2024
|
Active |
$1,100,000
|
Smart MLS |
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Market Trends
Source: Constellation1
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