85 Melba Street
Milford, CT 06460
4
Bed
2
Bath
2,398Sqft
0.12Acre(Lot)
A rare opportunity to own a true "Waterfront Compound" in Milford featuring THREE legal dwellings in one lot with private beach access-offering immediate income potential and long-term redevelopment upside. Currently operated as short-term rentals with strong seasonal performance, this property is ideal for investors or buyers seeking to offset ownership costs. Set on a direct waterfront lot, the offering presents multiple paths: continue as an income-producing asset, create a multi-generational coastal retreat, or reimagine the site into a larger custom residence. The compound includes three separate structures totaling over 2,500 sq ft: a 1,100 sq ft waterfront home with 4 bedrooms, 2 baths, and an oversized patio overlooking the water; a 300 sq ft bungalow-style studio with potential
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 11 Basement: None -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt Appliances: Dishwasher, Electric Cooktop, Dryer, Electric Range, Microwave, Range, Oven, Refrigerator, Washer -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Hot Water Water front: 1
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Building Information
Year Built: 1910 Building Area Total: 2398 Construction Materials: Wood Siding, Frame Patio And Porch Features: Deck Private Pool: No Water front Features: Beach Front, Beach Access View: Water
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Lot Information
Lot Size Acres: 0.12 Lot Description: Level, Waterfront
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Listing Price Information
Listing Price: $1695000
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Tax Information
Parcel Number: 1203554 Annual Tax: $12751
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Parking Information
Parking Total: 6 Private, Driveway
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School Information
Elementary School: Calf Pen MeadowJunior High School: East ShoreSenior High School: Joseph A. Foran -
Location Information
Direction: Use GPS WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 40 Hawley Avenue, Milford, CT, 06460 | $2,990,000 | 4 | 4 | 3,092 | 3,092 SqFt |
| 24 Anderson Avenue, Milford, CT, 06460 | $1,298,000 | 4 | 4 | 3,012 | 3,012 SqFt |
| 12 Usher Street, Milford, CT, 06460 | $1,499,000 | 3 | 4 | 3,437 | 3,437 SqFt |
| 106 Hawley Avenue, Milford, CT, 06460 | $630,000 | 3 | 2 | 1,531 | 1,531 SqFt |
| 217 Merwin Avenue, Milford, CT, 06460 | $529,000 | 3 | 1 | 1,194 | 1,194 SqFt |
| 649 Merwin Avenue, Milford, CT, 06460 | $490,000 | 3 | 2 | 1,222 | 1,222 SqFt |
| 182 Merwin Avenue, Milford, CT, 06460 | $649,900 | 3 | 3 | 1,734 | 1,734 SqFt |
| 114 Merwin Avenue, Milford, CT, 06460 | $1,590,000 | 3 | 4 | 3,209 | 3,209 SqFt |
| 233 Chapel Street, Milford, CT, 06460 | $549,900 | 2 | 1 | 750 | 750 SqFt |
| 77 Merwin Avenue #A, Milford, CT, 06460 | $1,100,000 | 3 | 4 | 2,555 | 2,555 SqFt |
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ByOwner last updated this listing 06/10/2026 @ 06:02
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