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$785,000

  • Sold
  • Closed
  • Multi-Family
  • 5 Total Beds
  • 1 Car Garage
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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.

Full Property Details for 7 Silver Falls Rd

General

  • Sold For: $785,000
  • Taxes: (July 2026-June 2027)
  • Status: Closed
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24186470
  • Added to Site: 110 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: All Units Have Hook-Ups

Exterior

  • Exterior Features: Barn, Gutters, Guest House, Hot Tub, Stone Wall, Patio
  • Color: Cedar Shake

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 10
  • Parking: Attached Garage, Paved, Driveway, Unpaved

Location

  • County: New London
  • Driving Directions: Rt. 161 to Silver Falls Rd. Not to be confused with Silver Falls Rd Montville

School Information

  • Elementary School: Flanders
  • Middle School: East Lyme
  • High School: East Lyme

Heating & Cooling

  • Cooling Type: Ductless, Split System, Wall Unit
  • Heating Type: Baseboard, Heat Pump, Wood/Coal Stove, Electric, Oil, Wood
  • Heating Fuel: Electric, Oil, Wood
  • Water Heater: Oil, Electric, Upright Tank

Utilities

  • Sewer: Septic
  • Water: Private Well

Structural Information

  • Architectural Style: Other
  • Construction Status: No/Resale
  • Exterior Const.: Shake, Cedar
  • Basement Desc.: Full, Full With Hatchway
  • Roof: Asphalt Shingle
  • Attic: Yes
  • Square Feet: 3,386
  • Above Ground: 3,386 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Square Feet: 2252
  • Total Bathrooms: 3
  • Bedrooms: 4

Unit 2

  • Square Feet: 1134
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 2.37
  • Driveway/Sidewalk: Paved, Unpaved, Asphalt, Gravel
  • Zoning: R40
  • Lot Description: Some Wetlands, Level Lot

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Brook, Access

Green Features

  • Energy Features: Active Solar

Financial Considerations

  • Assessment Amount: $381,290
  • Tax Year: July 2026-June 2027

Disclosures and Reports

  • Property ID: 1472289

Listed by William Pitt Sotheby's Int'l, Amanda Gaudette
Sold by RE/MAX One, Next Level Team of RE/MAX One, Alexis John

Listing agent

— 7 Silver Falls Rd —

  • Amanda Gaudette

    William Pitt Sotheby's Int'l

Agent Contact: (860) 859-7610 Office Contact: (860) 536-5900

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7 Silver Falls Rd

School District:East Lyme School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7 Silver Falls Rd

Date
Details
Price
Change
Source
9/04/2026
Sold
$785,000
-1.81%
MLS
7/13/2026
Price Reduced
$799,500
-3.09%
MLS
6/26/2026
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by William Pitt Sotheby's Int'l, Amanda Gaudette
Sold by RE/MAX One, Next Level Team of RE/MAX One, Alexis John

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7 Silver Falls Road, East Lyme, CT 06333 (MLS# 24186470) is a Multi-Family property that was sold at $785,000 on September 04, 2026. Want to learn more about 7 Silver Falls Road? Do you have questions about finding other Multi-Family real estate for sale in East Lyme? You can browse all East Lyme real estate or contact a Coldwell Banker agent to request more information.