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$825,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 1 Car Garage
  • Updated 3 days ago
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Discover a truly rare, multigenerational compound in East Lyme, situated on a sprawling 2.37-acre retreat along the scenic Latimer Brook. A configuration like this is virtually impossible to recreate, making it a once-in-a-lifetime opportunity for a family compound, investment property, or a peaceful private sanctuary. The property features a spacious 2,252-square-foot main house originally built in 1900, with 4 bedrooms, 3 full baths, and expanded as recently as 2004. Steps away sits a fully detached, 1,134-square-foot guest cottage/in-law ranch featuring 1 bedroom and 1 bath, boasting an effective build year of 2018 following a complete, top-to-bottom renovation. Adding immense value is a massive, versatile outbuilding complete with a workshop and garage space, perfect for entrepreneurs, hobbyists, or a home occupation. The expansive grounds, already featuring a chicken coop, a vegetable garden, established apple and pear trees, blueberry bushes, and raspberries, offer fantastic potential for a small homestead or hobby farm. Outside, the park-like acreage offers unparalleled tranquility, filled with the gentle, distant sounds of the active Silver Falls. Enjoy ultimate privacy with room to breathe, all while remaining minutes from East Lyme's coastal amenities, highways, and top-rated schools. Whether looking to house multiple generations separately, offset your mortgage with rental income, or find workspace to cultivate your passion, this unique country compound delivers.

Full Property Details for 7 Silver Falls Rd

General

  • Price: $825,000
  • Taxes: (July 2026-June 2027)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24186470
  • Updated: 6/26/2026
  • Added to Site: 3 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

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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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$825,000
150%
MLS
4/07/2017
Sold
$330,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7 Silver Falls Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,680
6%
$381,290
—
2023
$10,047
6%
$381,290
—
2023
$9,486
4%
$381,290
—
2022
$9,090
15%
$381,290
38%
2021
$7,873
1%
$276,150
1%
2020
$7,788
1%
$274,610
—
2019
$7,741
10%
$274,610
7%
2018
$7,028
-2%
$256,970
-7%
2017
$7,208
—
$275,520
-3%
2016
$7,232
3%
$285,180
—
2015
$7,047
3%
$285,180
—
2014
$6,853
3%
$285,180
—
2012
$6,659
—
$285,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by William Pitt Sotheby's Int'l, Amanda Gaudette

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7 Silver Falls Road, East Lyme, CT 06333 (MLS# 24186470) is a Multi-Family property with 2 units containing 5 bedrooms and 4 full bathrooms. 7 Silver Falls Road is currently listed for $825,000 and was received on June 26, 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.

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