23 River Rd, East Lyme, Connecticut, United States | Homes For Sale at GLOBAL LISTINGS

Report Listing

Home For Sale

$1,100,000

23 River Rd
East Lyme, Connecticut, United States

3bd 2ba

Listed By: Realtyww Info

Listed On: 07/29/2024

Listing ID: GL11829992 View More Details

Description

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.

For more details:

Listed by: Tyler Devecchis