23 River
East Lyme, CT 06333
- 3 beds
- 2 baths
- 1,728 sqft
- ~1 acre lot
- $636 per sqft
- 1912 build
- – on site
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.
Last checked:
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Last updated Dec 18, 2024
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MLS# 24035490 —
The Building
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Year Built:1912
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Cottage
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Roof Information:Asphalt Shingle
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Attic:Yes
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Attic Description:Unfinished, Access Via Hatch
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Exterior Siding:Vinyl Siding
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Foundation Type:Concrete, Stone
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Basement Description:Full
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Exterior Features:Deck, Gutters, Garden Area, Lighting
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SqFt Total:1728
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SqFt Est Heated Above Grade:1728
Interior
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Interior Features:Auto Garage Door Opener
Location
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Directions:GPS friendly
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Neighborhood:N/A
The Property
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Parcel Number:1471066
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Property Type:Single Family For Sale
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Zoning:R10
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Acres:1.02
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Acres Source:Public Records
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Lot Description:Level Lot
Listing Agent
- Contact info:
- Agent phone:
- (860) 633-3674
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:9232
Beds
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Beds Total:3
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Showing:Yes
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Hot Air
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Heat Fuel Type:Propane
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Cooling System:Central Air
Utilities
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Water Source:Private Well
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Sewage System:Septic
Appliances
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Appliances Included:Microwave, Range Hood, Dishwasher, Washer, Dryer
Schools
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Elementary School:Per Board of Ed
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Intermediate School:Per Board of Ed
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Middle Or Jr High School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Nearby Amenities:Lake, Park, Playground/Tot Lot, Public Pool, Shopping/Mall
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Walk to Water, Dock or Mooring, View, Access
Parking
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Garage/Parking:Detached Garage
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Garages Number:2
Monthly cost estimate
Asking price
$1,100,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,890
|
| Taxes | N/A |
| Insurance | $302 |
| Utilities | $407 See report |
| Total | $6,599/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/26/24
Jul 26, 2024
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Listed / Active | SMART_MLS | $1,100,000 |
