By Judy Szablak
Special to WestportNow
Waterfront homes remain at a premium throughout the Fairfield County’s coastline, and Westport has just 23 homes that fit that bill.
Featured Home: This home at 50 Shorehaven Road is listed at $3,995,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport.
According to the Smart Multiple Listing Service, there are 120 homes available in all of Fairfield County’s eight coastal cities or towns which are noted as having Long Island Sound frontage, ocean frontage, harbor, and/or dock or mooring. These properties have a median price of $3.1 million.
Seventy-nine homes matching the above criteria closed in the last year, and 15.2 percent of them closed in Westport, which also had the highest average sale price of any town along the coastline. The average list price to sale price ratio throughout these towns was 93%. (Note: The Smart MLS may not include all listings in Greenwich)
A notable sale in the last year was at 9 Owenoke Park, which is a four-bedroom, five-bath colonial that was built in 2018 by Bluewater Home Builders. The 3,373-square foot home is sited on .21 acres and closed at $6,217,983 or at 94.23% of asking price.
Also, a 6,043-square foot contemporary home at 2 Driftwood Point closed less than two months ago. The contemporary home was rebuilt and redesigned by noted architect Roger Bartels, and has five bedrooms, four and one half baths, and a deep-water dock. The home closed at $6.2 million, or at 91.3 % of asking price.
Market Stats
There are now 375 homes that are actively on the market, which is on par with the inventory we had last year at this time.
These properties have been listed for an average of 117 days, with a cumulative market time of 211 days. The average list price of $2,042,529 is consistent with that of a year ago, and up slightly up from last week. The median price remains at $1,450,000, which is also just under $150,000 from this same time last year.
Twenty new listings came on the market in the last seven days, which represents an increase of four units over last year. One property came back on the market after being under deposit, or temporarily withdrawn. There were 22 properties in the past week that had a price change.
A Tudor style home on 114 Beachside Ave. is the highest priced property at $22.5 million, and is an 8,482-square foot waterfront property comprised of three lots on 7.67-acres with 365-feet of waterfront.
The lowest available priced single family is a 1,104-square foot ranch on .10-acres at 19 Crescent Park Road. The home was built in 1983, has three bedrooms, two full baths, and is listed at $369,000.
There are currently 62 homes under some stage of deposit in town, and include 29 homes under the initial stage of deposit, and another 39 scheduled to close. The number of overall homes that are under deposit is down by 42 units from this time last year.
Closings: There were nine sales that were reported during the last week, and that was up by two units from last year. Average market time decreased by nearly two months
Two homes sold over asking price this past week, and one sold at asking price.
61 Richmondville Ave. closed at $921, 000 which $24,000 over asking price. The 2,482-square foot contemporary home with four bedrooms and 2.5 baths has direct water frontage and was sold “as is,” and sold in just 20 days
26 Reichert Circle also closed over asking price and lasted 30 days on the market. The 15-room home was built in 2011 on .48-acres has 5,951-square feet of living area. It was listed at $1.799 million, and closed at $1,815,000.
222 North Ave. closed at its asking price of $1.935 million after 19 days on the market. The 2,714-square foot totally remodeled home has nine rooms, four bedrooms and 3.5 baths and is set on two acres with a pond.
Condos: There are 18 condominiums that are currently available, which is consistent with this time last year. These condos have been listed an average of 82 days, with a cumulative market time of 118 days. The average price is $565,117 and the median price is $574,300.
The median price is up by over $37,000 from last year at this time.
There was one new listing entered in the last seven days, and no properties came back on the market. No homes had a price change, and no homes entered the initial deposit stage, and none entered pending status.
The highest priced condo in town is listed at $1,049,000, and is a three-bedroom, two and one half bath townhome with 3,260-square feet of living area located at 30 Terra Nova Circle and the lowest priced unit for sale is a one-bedroom unit with 750-square feet on 35 Bridge St. at The Saugatuck, which is an adult complex and listed at $178,300.
There are two properties currently under the initial stage of deposit townwide, and another four that are scheduled to close, with an average list price of $569,750.
There was one closing last week and it occurred at Riverside Green — a 15-unit complex which is located on 220 Riverside Ave. The two-bedroom end-unit has a one-car garage and 1,291-square feet of living area, and was listed at $699,000. The home closed at $680,000, or at 97.28% of asking price.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 48 homes or apartments available.
The highest priced rental is a newly listed 11,759-square foot home at 5 Charmers Landing that has five bedrooms, six and one half baths, and includes a private peninsula, over 70-feet of shoreline, and a deep water dock.
The two lowest priced rentals are both 495-square foot efficiency apartment-style units in the heart of downtown Westport at 14 Post Road East, and they are both listed at $1,465 per month.
The median price for townwide annual rentals is currently $4,700, and is about $1,300 less than it was at this time last year, and the average price is $6,240 per month, which is down about $750 per month as compared to last year at this time. These year round rental opportunities have been on the market an average of 52 days.
There are 49 short-term rental opportunities that are available, and 9 Cockenoe Drive is the highest priced home and is listed at $45,000. This 1,800-square foot ranch home with three bedrooms has a private beach and panoramic views of the Westport and Norwalk islands.
Seasonal rentals currently have an average price is $16,755 and a median price of $12,500, with an average market time of 53 days. Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.
Source — Listing information and data is compiled from the SmartMLS and represents listings and activity through our statewide MLS system. Private sales are not included in these statistics.
Featured Home
This home at 50 Shorehaven Road is listed at $3,995,000.
This nine-room contemporary waterfront home with water-views from every window is on a gated private island, and is truly in a class by itself.
The 3,060-square foot home itself has been exceptionally remodeled with stylish materials and an open concept, but perhaps among the unique features are in the nearly 360-degree views from its 2.53-acre property which is located on the furthest point of Canfield Island, one of Westport’s best kept secrets.
Add the unparalleled views of Long Island Sound, the coastline, a saltwater lagoons, two seemingly endless jetties, private sandy beaches, and it becomes extraordinarily special.
The main level entertaining areas include the great room with cathedral ceiling and floor to ceiling hearth with gas log fireplace. French doors lead out to the expansive wraparound deck with built-in perimeter seating.
A designer kitchen has professional grade appliances, quartzite counters and a breakfast bar with enough room to seat six.
An oversized bay picture window area is the perfect spot for the dining room, which is open to the kitchen. Both areas lead out to the wraparound deck that offers magnificent Southwestern views of Sprite Island and Long Island Sound beyond.
The sunroom, is open to the great room, has crisp white beams and a panorama of windows, which ensure that everyone has a terrific view of the passing sailboats. Another set of French doors lead out to the lower patio, which also adjoins the airy family room, with a second gas-log fireplace and compelling views of a different water scene altogether, across the channel to Saugatuck Shores.
There are four bedrooms in all, and three have en suite access.
The master bedroom has a cathedral ceiling, one of two balconies, and a luxurious white Carrara marble bath with dual vanities, radiant heated flooring, separate water closet and spa tub. Custom closets have extensive built-ins.
Extras and items to note — Four bedrooms, three full baths, two fireplaces, natural gas, public water, three car garage, outside built-in stone barbecue and separate firepit, stone walkway and rustic bridge over the lagoon, B100 approval for six-bedroom septic, swimming dock, boating dock, $3,000 annual association fee.
Annual taxes are $36,394.
Listing/photo courtesy of Coldwell Banker Westport.
(Editor’s Note: Judy Szablak of Coldwell Banker Westport — Riverside, Fairfield County CT Realtor since 1984 is author of “The Art of Buying or Selling a Home,” and featured on HGTV’s real estate show, “Desperate to Buy.” Email .(JavaScript must be enabled to view this email address) or visit her online at http://www.CThomesAndRealEstate.com.
