7 Silver Falls Road, East Lyme, CT 06333
Multi-Family For Sale · 2 Family
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About This Home
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.
Listed by Amanda Gaudette (860) 859-7610 with William Pitt Sotheby's Int'l (860) 536-5900
Listing Snapshot
| Price | $799,500 | Days on Our Site | 38 days |
| Property Tax | $11,038/yr | Style | Other |
| Year Built | 1900 | Total Sq Ft | 3,386 |
| Lot Size | 2.37 acres | HOA Fees | N/A |
| Bedrooms | 5 | Full Bathrooms | 4 |
| Total Rooms | 12 | Half Baths | 0 |
Key Features
- Barn
- Gutters
- Guest House
- Hot Tub
- Stone Wall
- Patio
- Brook
- Access
- Golf Course
- Library
- Medical Facilities
- Public Pool
- Public Transportation
- Tennis Courts
Structure & Parking
Systems & Utilities
Schools
Mortgage Calculator
Estimate only. Contact a lender for accurate figures.
Listing History
| Date | Event | Price |
|---|---|---|
| Jul 13, 2026 | Price Reduced | $799,500 |
| Jun 24, 2026 | Listed | $825,000 |
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Listing Agent
Amanda Gaudette · (860) 859-7610
William Pitt Sotheby's Int'l · (860) 536-5900
MLS# 24186470 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jul 19, 2026 10:40 PM UTC
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7 Silver Falls Road, East Lyme CT, 06333
$799,500 • Active
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