Under Contract

7 Silver Falls Road

East Lyme, CT 06333
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Bed 5

Bed

Bath 4

Bath

SqFt3,386

Sqft

Acres2.37

Acres(Lot)

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 stor age 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. This property is not in a Flood Zone. The driveway to the cottage is a right-of-way over 59 Silver Falls Rd, Montville.

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Detail Ic Property Details

Property Type : Residential Income

Price : $799,500

AD Id : 86137054

MLS Id : 24186470

Beds : 5

Lot Size : 2.37 Acres

Living Area Size : 3,386

Year Built : 1900

Garage : 1

County : New London

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Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Rooms Total: 12 Has Basement: Yes Basement: Full
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Oil, Wood, Baseboard, Heat Pump, Active Solar Has Cooling: Yes Cooling: Wall Unit(s), Ductless Water front: 1

  • Building Information

    Year Built: 1900 Building Area Total: 3386 Construction Materials: Cedar, Frame, Shake Siding Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Lot Size Acres: 2.37 Lot Description: Level, Waterfront

  • Listing Price Information

    Listing Price: $799500 Original Price: $825000

  • Tax Information

    Parcel Number: 1472289 Annual Tax: $10680

  • Parking Information

    Parking Total: 10 Asphalt, Gravel, Paved, Unpaved, Driveway, Attached

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

  • School Information

    Elementary School: Flanders
    Junior High School: East Lyme
    Senior High School: East Lyme
  • Location Information

    Direction: Rt. 161 to Silver Falls Rd. Not to be confused with Silver Falls Rd Montville WaterSource: Well
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 08/21/2026 @ 01:16

MLS: 24186470 LISTED BY: Amanda Gaudette, William Pitt Sotheby's Int'l SOURCE: SmartMLS

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