This 4-bed, 3-bath single-family home in Old Greenwich offers exceptional rental potential in a tight market. Based on comp data, it could command between $6,750-$15,500 monthly, with a realistic target around $8,500-$10,000 considering the property's size (2,318 sqft) and location. With average rents in Old Greenwich at $4,168 per month and climbing 1.3% annually, this property sits well above market averages. The Eastern Greenwich neighborhood's median listing price of $3.45M suggests strong demand. The Cape Cod style, built in 1949, offers vintage charm with modern appeal.
To maximize rental income, consider strategic updates to the kitchen and bathrooms while preserving the Cape Cod character. Installing smart home features and energy-efficient systems would justify premium rents in this luxury market. The property's location near Old Kings Highway provides excellent accessibility, a key selling point for high-end renters. If the owner is considering selling, timing the market is crucial - Greenwich rentals are experiencing historically low inventory with properties staying on market just 39 days on average, making this an ideal time to either sell at premium or convert to a lucrative rental.