7 Silver Falls Road
East Lyme, Connecticut 06333
Reduced from $825,000
- Beds
- 5
- Baths
- 4
- SqFt
- 3,386
- Acres
- 2.37
- Year Built
- 1900
- Property Type
- Single Family

Matt Caiola
Luxury Real Estate Advisor
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About This Home
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.
Key Facts
- City/Town
- East Lyme
- Neighborhood
- N/A
- Property / Style
- Single Family · Ranch,Farm House
- Year Built
- 1900
- Days on Market
- 34 days
- Beds
- 5
- Baths
- 4 full
- Living Area
- 3,386 sq ft
- Lot Size
- 2.37 acres
- Garage / Parking
- 1 garage · 10 total
- Property Taxes
- $10,680 / Annually
Market Snapshot
The East Lyme Market
Single Family · trailing 12 months
Active Listings
40
43 under contract
Median List Price
$858,800
40 active listings
Median Closed Price
$570,000
187 sales
Median Days on Market
32
40 active listings
Median $ / Sq Ft
$336
40 active listings
Sale-to-List Ratio
100.0%
187 sales
How this home compares
List Price
$799,500
vs $858,800 median
6.9% below median
Price / Sq Ft
$236
vs $336 median
29.8% below median
Days on Market
34 days
vs 32 days median
2 days longer than median
Based on 40 active and 187 closed sales (trailing 12 mo) of single family in East Lyme. Source: SmartMLS · As of July 28, 2026.
Location
7 Silver Falls Road, East Lyme, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$4,076
- Property Taxes$890
- Insurance$267
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- East Lyme
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Single Family
- Style
- Ranch,Farm House
- Year Built
- 1900
- New Construction
- No/Resale
- Living Area
- 3,386 sq ft
Schools
- Elementary
- Flanders
- Middle
- Per Board of Ed
- High
- East Lyme
Interior
- Heating
- BaseboardHeat PumpWood/Coal Stove
- Heat Fuel
- ElectricOilWood
- Cooling
- DuctlessSplit SystemWall Unit
- Laundry
- Lower LevelMain LevelUpper Level
- Laundry Location
- Main house has 3 hookups. Cottage has 1
- Appliances
- Oven/RangeMicrowaveRefrigeratorDishwasherWasherDryer
- Basement
- FullInterior AccessFull With HatchwayFull With Walk-Out
- In-Law Apartment
- YesDetached
- Interior Features
- Cable - Available
Exterior & Lot
- Lot Size
- 2.37 acres
- Zoning
- R40
- Garage / Parking
- 1 garage space10 total parking spacesAttached GaragePavedDrivewayUnpavedPavedUnpaved
- Waterfront
- Direct waterfront
- Waterfront Details
- BrookAccess
- Water Source
- Private Well
- Sewer
- Septic
- Flood Zone
- No
- Construction
- ShakeCedar
- Color
- Cedar Shake
- Roof
- Asphalt Shingle
- Foundation
- ConcreteStone
- Exterior Features
- Fruit TreesBarnGuttersGuest HouseHot TubPatio
- Lot Description
- Level LotOpen Lot
Listing & Financials
- Property Taxes
- $10,680 / Annually
- Days on Market
- 34
- MLS #
- 24185840
- MLS Status
- Active
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 5:25 AM UTC.