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. This property is not in a Flood Zone. The driveway to the cottage is a right-of-way over 59 Silver Falls Rd, Montville.
Sold for $785,000
Zillow last checked:
Listing updated:
Bought with:
Alexis John, REB.0795697
RE/MAX One
Source: Smart MLS,MLS#: 24186470
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Sold | $785,000-1.8%$232/sqft |
Source:  Smart MLS #24186470 Report a problem | ||
| 8/30/2026 | Pending sale | $799,500$236/sqft |
Source: Smart MLS #24186470 Report a problem | ||
| 7/13/2026 | Price change | $799,500-3.1%$236/sqft |
Source: Smart MLS #24186470 Report a problem | ||
| 6/26/2026 | Listed for sale | $825,000+150%$244/sqft |
Source: Smart MLS #24186470 Report a problem | ||
| 4/6/2017 | Sold | $330,000-8.1%$97/sqft |
Source: Public Record Report a problem | ||
| 7/1/2016 | Listing removed | $359,000$106/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 6/6/2016 | Price change | $359,000-4.3%$106/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 4/22/2016 | Price change | $375,000-6%$111/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 3/28/2016 | Pending sale | $399,000$118/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 2/9/2016 | Price change | $399,000-2.4%$118/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 1/21/2016 | Listed for sale | $409,000-3.8%$121/sqft |
Source: Heritage Properties SPC #E10104864 Report a problem | ||
| 7/26/2015 | Listing removed | $425,000$126/sqft |
Source: Owner Report a problem | ||
| 4/27/2015 | Listed for sale | $425,000-22.7%$126/sqft |
Source: Owner Report a problem | ||
| 3/24/2011 | Listing removed | $550,000$162/sqft |
Source: Owner Report a problem | ||
| 11/22/2009 | Listed for sale | $550,000+233.3%$162/sqft |
Source: Owner Report a problem | ||
| 7/2/1999 | Sold | $165,000+13.8%$49/sqft |
Source: Smart MLS #E90657 Report a problem | ||
| 6/11/1996 | Sold | $145,000$43/sqft |
Source: Public Record Report a problem | ||
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