23 River Road
$1,100,000
3
2
1,728
1,728
$637
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...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.
- Listed by Tyler DeVecchis • Berkshire Hathaway NE Prop.P: (860)-966-9217 C: (860)-966-9217 tylerdevecchisrealtor@gmail.com
Property Details for 23 River Road
Basement Description
Full
Direct WaterfrontNo
Garages Number2
NeighborhoodN/A
StyleCottage
Garage Parking InfoDetached Garage
Swimming PoolNo
LISTING UPDATED: 12/18/2024 04:53 AM
Property Details for 23 River Road
Status | Active |
---|---|
MLS # | 24035490 |
Days on Market | 147 |
Taxes | $9,232 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential |
Year Built | 1912 |
Lot Size | 1.02 AC / 44,431 SF |
County | New London County |
Building Information for 23 River Road
Stories-Year Built1912Building Size-Lot Size1.02 AC / 44,431 SF
Property Information for 23 River Road
Property History for 23 River Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 23 River Road
Taxable ValueLand$82,740Additions$267,610Total$350,350
Tax Record2024$9,232 ($769 / month)
Home Facts
Beds0Lot Size44,412 SqFtStyleSingle Family ResidenceZoningR10CountyNEW LONDONAPNELYM M:031.2 B:00001 L:00000
Schools near 23 River Road
This home is within East Lyme School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 4 | |||
Public - | K to 4 |
Rating | School | Distance |
---|---|---|
East Lyme Middle School Public5 to 8 | ||
East Lyme High School Public9 to 12 | ||
Flanders School PublicK to 4 | ||
Lillie B. Haynes School PublicK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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