Cozy Nest Cottages: Waterfront Property with 7 Cottages in East Lyme, CT
Cozy Nest Cottages
Financial Details
- Asking Price:
- $950,000
- Annual Revenue:
- $77,537
- Cash Flow / SDE:
- $37,149
- Profit Metric:
- NOI
- Valuation Multiple:
- 25.6x
- Location:
- East Lyme, CT, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
Cozy Nest Cottages presents a unique shoreline opportunity in East Lyme, CT, ideal for owner-occupants or investors. This property features a charming, remodeled main home with water views, deeded access to the Niantic River, a mooring, and a generator hookup. The main residence offers a versatile 3-bedroom, 2-bathroom layout, a two-car garage, and ample storage. The expansive acre-plus parcel also hosts seven distinct cottages, ranging from 240 to 600 sq ft, including studios and one-bedroom units, each with a unique 'cottage beach style'. Six cottages boast porches, and three are seasonal. With significant rental income potential from platforms like Airbnb and VRBO, estimated between $60,000 - $75,000 annually for the cottages alone, plus $3,500/month for the main home, this property offers substantial financial upside. The listing includes a lodging license, no flood insurance requirement, and is conveniently located near the Niantic River, Oswegatchie Hills Nature Preserve, and major highways (I-95/I-395). Enjoy breathtaking sunset and river views from this tranquil enclave.
Industry Information
- Industry Description:
- Travel
- Classification:
- Travel
Real Estate & Lease
- Status:
- Included
Broker Contact
- Name:
- Lisa Cozzi Tyler DeVecchis
- Company:
- Century 21 All Points/The Lisa Cozzi Team
- Phone:
- 860-773-9443
Listing Details
- Listing ID:
- 76b87929-e44e-4c18-8305-347091b55933
- Source Listing ID:
- Ad#:2265461
- Deal Status:
- For Sale
- Last Updated:
- September 15, 2025
- Currency:
- USD