85 Melba Street, Milford, CT 06460 (MLS # 24170749)

Price $1,695,000
Status Active
Beds 4
Baths 2 Baths
Home size 2,398 sqft
Lot Size 5,228 sqft
Days on Market 2
A rare opportunity to own a true "Waterfront Compound" in Milford featuring THREE legal dwellings in one lot with private beach access-offering immediate income potential and long-term redevelopment upside. Currently operated as short-term rentals with strong seasonal performance, this property is ideal for investors or buyers seeking to offset ownership costs. Set on a direct waterfront lot, the offering presents multiple paths: continue as an income-producing asset, create a multi-generational coastal retreat, or reimagine the site into a larger custom residence. The compound includes three separate structures totaling over 2,500 sq ft: a 1,100 sq ft waterfront home with 4 bedrooms, 2 baths, and an oversized patio overlooking the water; a 300 sq ft bungalow-style studio with potential to add a kitchen and bath; and a second 1,100 sq ft residence offering 3 bedrooms, 1.5 baths, and water views from the living room and primary bedroom. Ample on-site parking adds significant value-an uncommon feature for shoreline properties. Conceptual potential exists to redevelop while maintaining an additional dwelling. Buyers to perform their own research. Minutes to Milford's vibrant downtown, harbor, restaurants, and beaches.
Property Type(s): Single Family
Last Updated 4/28/2026 Year Built 1910
County New Haven

SCHOOLS

Elementary School Calf Pen Meadow
Jr. High School East Shore
High School Joseph A. Foran

Additional Details

APPLIANCES Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Oven, Range, Refrigerator, Washer
BASEMENT None
CONSTRUCTION Frame, Wood Siding
HEAT Baseboard, Hot Water
LOT 5227 sq ft
LOT DESCRIPTION Level, Waterfront
PARKING Private, Driveway
SEWER Public Sewer
STYLE Colonial, Other
TAXES 12751
VIEW Yes
VIEW DESCRIPTION Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Front, Beach Access
ZONING R5

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Scott Bayne to contact you even if your name is on a Federal or State "Do not call List".
Listing courtesy of BHGRE Gaetano Marra Homes
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.

This IDX solution is (c) Diverse Solutions 2026.

Email a Friend