36
Map
Listing Courtesy of: Joan Casey, RE/MAX Legends, (860) 941-2498
$630,018
●
House -
Off Market
23 Central Avenue
East Lyme, CT 06357
4 Beds
3 Baths
$4,005
Est. Monthly
$250
HOA / Fees
About This Property
Welcome to YOUR beach home!! Nestled in a vibrant community just a
short stroll from the sparking sands & rolling waves, this
beautiful 4 BR, 3 Bath oasis is the perfect blend of style, comfort
& convenience, making it ideal for families & savvy investors
alike. Step inside the foyer & you're greeted by natural light in
the dining & kitchen areas, creating an inviting atmosphere for
gatherings with family & friends. The upgraded flooring extends
throughout the majority of the home, ensuring a cohesive flow. The
heart of the home, the KITCHEN, has been upgraded and boasts brand
new appliances, cabinets, counters & flooring. Imagine enjoying
your morning coffee or evening cocktail on the private rear deck.
Say goodbye to parking woes with tons of off-street parking for you
& guests. This property is not just a home, it's a fantastic
investment for those considering AirBnB or short-term rentals. Its
prime location & many updates make it an attractive option for
vacationers looking for a perfect getaway.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$563
HOA Dues
$250
Year Built
1950
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Smart MLS #24156325)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2026 | Sold | ||
| Sold | |||
| Mar 28, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by RE/MAX Legends | $650,000 | |
| Listed by RE/MAX Legends | |||
| Dec 2, 2025 | Listed | $584,900 | |
| Listed | |||
| | |||
|
This beach community home (Crescent Beach Association) offers great potential with its spacious layout and prime location. Located just a couple blocks from 2 private beaches, Niantic Bay Yacht Club and a snack shack, you'll feel like you're on vacation year-round! With 4 bedrooms (2 on the main floor) and 3 bathrooms (2 on the main floor), there is ample room for family, guests or even as an income-generating Airbnb. While the house needs some updating, the solid bones (1 year old furnace, 2-year-old hot water heater, updates to plumbing & electric) and generous floorplan provide a fantastic foundation for your dream year-round home, summer getaway or rental investment. The flat yard provides endless possibilities for outdoor enjoyment (2 decks) and/or expansion of the present footprint. Bring your vision and makes this coastal gem your own.
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Niantic
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Listed by: Joan Casey
RE/MAX Legends
Last Updated: 6 months ago
Data Source: Smart MLS, MLS# 24156325
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX Legends
Last Updated: 6 months ago
Data Source: Smart MLS, MLS# 24156325
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017