Cozy Nest Cottages in East Lyme, CT - Unique Shoreline Opportunity!

Cozy Nest Cottages | 23 River Road, East Lyme, CTOffering Price: $1,100,000Important Showing Requirement:All prospective buyers must submit a Letter of Intent (LOI) reflecting the asking price, along with Proof of Funds (POF) or financing outline (cash, mixed-use financing, or private capital) prior to any approved showing.No low-ball offers will be considered.Cozy Nest Cottages presents a rare shoreline investment and lifestyle opportunity in East Lyme. Situated on an acre-plus parcel with water views and deeded access to the Niantic River, this unique compound offers both immediate income potential and long-term upside.The main residence, renovated in 2007, is a year-round 3-bedroom, 2-bath home featuring water views, a flexible layout, generator hookup, two-car garage, and additional storage. The property also includes a mooring and private access to the river.Complementing the main home are seven standalone cottages (approximately 240–600 SF each), designed in a coastal “cottage beach” style. The unit mix includes:One-bedroom cottages with open kitchen/living layoutsStudio units with loftsLarger open-concept studio cottagesSix cottages feature porches, four are heated for extended seasonal use, and each unit includes a full bathroom.Income Potential (Pro Forma):Main Home: ~$3,500/monthCottages: ~$90,000 – $95,000 annuallyTotal Potential Income: ~$130-140K annually (and trending upward, if main home rented)Short-term rental demand supports use cases including vacation stays, traveling professionals, group rentals, and event overflow (weddings, seasonal tourism, etc.), with strong upside through platforms such as Airbnb and VRBO.Additional Highlights:Lodging license in placeNo flood insurance currently requiredClose proximity to Niantic River and Oswegatchie Hills Nature PreserveMinutes to I-95 and I-395Quiet, tucked-away setting with strong rental appealShowing Instructions:Owner-occupied. Showings are not daily or on-demand. All tours require minimum 24-hour notice and seller approval, and will only be scheduled after receipt and review of LOI and POF.Disclaimer:Rental income, occupancy, and pricing are seasonally variable and subject to change. Buyers should rely on the most current financials provided at the time of LOI submission.