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7 Silver Falls Road East Lyme, CT 06333
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Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type 2 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,386 sqft
Price per Sqft $231
MLS Listing ID 24186470
Sold Date 09/04/26
Style Other
Bedrooms 5
Full Baths 4
Year Built 1900
Annual Tax Amount $10,680
Lot Size 2.370 Acres
Property Sub-Type 2 Family
Property Description
Rare income-producing multi-family opportunity or ideal multigenerational compound in East Lyme! Situated on a sprawling 2.37-acre retreat along scenic Latimer Brook, this unique property features two fully detached homes on one lot. A high-yielding, flexible setup that is virtually impossible to replicate today. Perfect for savvy investors, families seeking separate-but-close living, or owner-occupants looking to offset their mortgage, the estate includes a spacious 2,252 sq. ft. main house (4 BR, 3 BA, expanded in 2004) and a private, fully detached 1,134 sq. ft. ranch cottage (1 BR, 1 BA) completely renovated with an effective build year of 2018. Adding immense value is a massive, versatile outbuilding with a workshop and garage space, ideal for home businesses, hobbyists, or extra storage rental income. The park-like acreage offers ultimate privacy with established fruit trees and the soothing sounds of Silver Falls, all while remaining minutes from East Lyme's coastal amenities, major highways, and top-rated schools. Live in one and rent the other, house multiple generations with perfect privacy, or lease both for maximum cash flow. This unique multi-family asset delivers endless potential.
Location
State CT
County New London
Zoning R40
Rooms
Basement Full, Full With Hatchway
Interior
Heating Baseboard, Heat Pump, Wood/Coal Stove
Cooling Ductless, Split System, Wall Unit
Exterior
Exterior Feature Barn, Gutters, Guest House, Hot Tub, Stone Wall, Patio
Parking Features Attached Garage, Paved, Driveway, Unpaved
Garage Spaces 1.0
Waterfront Description Brook,Access
Roof Type Asphalt Shingle
Building
Lot Description Some Wetlands, Level Lot
Foundation Concrete, Stone
Sewer Septic
Water Private Well
Schools
Elementary Schools Flanders
Middle Schools East Lyme
High Schools East Lyme
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Bought with Alexis John • RE/MAX One
Nearby Locations
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