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23 River Road
East Lyme, Connecticut
$1,100,000 Price
3 Bedrooms  
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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...

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.

Listing courtesy of Berkshire Hathaway Ne Prop

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
East Lyme, Connecticut
Type: House
Price: $1,100,000
Re Tax: $9,232
Date Listed: 7/26/2024
Approx. sqft: 1,728 sf
Web ID: 24035490

Info & Amenities

Type: Single Family
Rooms: 6.0
Bedrooms: 3
Bathrooms: 2.0
Built: 1912

Map of Area for 23 River Road

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