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 Status:

Active

Date Added:

July 26, 2024 — 98 days ago

Listing Office:

Berkshire Hathaway NE Prop., Tyler DeVecchis (860-966-9217)

Office Phone:

860-633-3674

MLS ID:

24035490

Features & Amenities

This listing courtesy of:
Berkshire Hathaway NE Prop., Tyler DeVecchis

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• 3 beds |
• 3 baths |
• 2,000 sqft

216 Pennsylvania Avenue East Lyme, CT 06333

Listing by Kate Lee CENTURY 21 Shutters & Sails

#24040095