Summer 2020 Waterfront Reportmedia.halstead.com/pdf/Summer2020WaterfrontReport.pdf88 Delafield...

Summer 2020 Waterfront Report

Lower Fairfield County’s Waterfront Communities

Greenwich • Stamford • Darien • Norwalk • Westport • Fairfield

Long Island Sound Waterfront Single Family Houses

All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead’s prior consent. While information is believed true, no guaranty is made of accuracy.

25 Butlers Island Road in Darien, located on a secluded peninsula in the Tokeneke section of Darien, is set on 1.2 acres, with 550 feet of direct Long Island Sound frontage, heated pool with waterfall spa, and dock. $10,900,000. Web # 170278922.

Data in report sourced from the Smart, Greenwich, and Darien MLS, and includes Halstead off-market closings.



Long Island Waterfront Single Family Houses

Halstead’s Summer Waterfront Report takes a look at Lower Fairfield County’s most recent L.I. Sound waterfront sales data and trends.

Waterfront property has been in high demand in 2020, particularly when taking into account both sales and rentals. There were 20 L.I. Sound waterfront house sale closings this year through June 20th, highlighted by two that closed for over $16 million, one in Greenwich and one in Fairfield. Meanwhile, there were 48 L.I. Sound waterfront rental house closings from March 1 to June 20th, many of them short term or summer rentals, up 85% as compared to the same time frame in 2019. The average sold price of the houses closed was $4.3 million while the average rental closing price for a waterfront house between March 1st and June 20th was $18,000 per month.

$17.1 Million The closing price of 54

Byram Drive in Greenwich in May (details below), the highest priced closing in Connecticut so far 2020. Listed by Halstead, the

home is set on 3.96 acres and has 375 feet of direct

Long Island Sound shoreline.


54 Byram Drive, a Halstead listing located in Greenwich’s exclusive Belle Haven Association, sold in May for $17.1 million. Along with its 375 feet of shoreline the property has an over-sized swimming pool and a contoured golf practice green with bunkers.

4

15

25

36

37

60

65

68

69

0 10 20 30 40 50 60 70 80

Berkshire Hathaway

Higgins

Sotheby's International

William Pi tt

Coldwell Banker

Houlihan

WILLIAM RAVEIS

Halstead

$47

$62

$117

$202

$209

$248

$281

$377

$0.00 $50.00 $100.00 $150.00 $200.00 $250.00 $300.00 $350.00 $400.00

Berkshire Hathaway

Higgins

William Pi tt

Sotheby's International

WILLIAM RAVEIS

Coldwell Banker

Houlihan

Halstead

Millions

Halstead Is The Leader in Waterfront

Real Estate in Southern Fairfield County**

Dollar Volume of Closed L. I. Sound Waterfront Listings in Southern Fairfield County, 2013-2020*

Number of Closed L. I. Sound Waterfront Listings in Southern Fairfield County, 2013-2020*

* 2020 Through June 20.

**Greenwich, Stamford, Darien, Norwalk and Westport.


$377

69


Greenwich • Stamford • Darien • Norwalk • Westport

L.I. Sound Waterfront Single Family Houses





16 Marlow Court in Riverside (Greenwich) has 200’ of direct waterfront frontage, an extra .15-acre island, and among its spaces to enjoy the beautiful scenery, a 3-season enclosed and screened-in gazebo. $5,850,000. Web ID 170309055.




Houses: Number of Waterfront Closings: 2015-2020*

49 52 5565 72

99

0

20

40

60

80

100

120

Stamford Darien Westport Norwalk Fai rfield All of Greenwich

H: $48MA: $6.5M

Greenwich

Fairfield

Westport

Darien

Stamford Norwalk


Highest and Average Closing PriceL.I. Sound Waterfront Houses, by Town: 2015-2020*

H: $4.16MA: $2.0M

H: $18MA: $5.1M

H: $7.85MA: $2.2M

H: $16MA: $3.8M

H: $16.4MA: $2.3M

H: Highest A: Average * 2020 Through June 20.





187 Shore Road, Old Greenwich. $3,465,000. Web # 170290028.

Average Closing Price L.I. Sound Waterfront Houses, 2015-2020*

$3.60

$3.48

$4.09

$3.70

$4.39

$4.27

$0.0 $1.0 $2.0 $3.0 $4.0 $5.0

2015

2016

2017

2018

2019

2020

Millions

$0.60$0.91

$1.39$1.52

$1.64

$1.91$2.10

$2.27$2.75

$3.26

$3.37$3.69

$3.86$3.91

$4.77

$4.87$5.81

$6.02

$6.89$8.40

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00

Harbor Shores (Norwalk)Harborview (Norwalk)

South Norwalk

Beach (Fairfield)Cove (Stamford)

Shippan (Stamford)Waterside (Stamford)

East Norwalk

RowaytonSaugatuck Shore (Westport)

Wilson Point (Norwalk)Saugatuck (Norwalk)

Compo Beach (Westport)

Noroton (Darien)Southport (Fairfield)

Old GreenwichRiverside (Greenwich)

Tokeneke (Darien)

Greens Farms (Westport)Greenwich

Millions



Waterfront Single Family Houses

1053 Fairfield Beach Road, Fairfield, with panoramic views and over 2 miles of beach out its back door. $2,450,000. Web ID: 170173312

Summer 2020 Waterfront ReportData in report sourced from the Smart, Greenwich, and Darien MLS, and includes Halstead off-market closings.

$16.35M The selling price in Janu-

ary for 340 Willow Street in Fairfield, the highest closing price for an MLS-listed home in the town of Fairfield in at least 20 years. The 15,000+ sq. ft. home is set on 5.56

acres with 350 feet of shoreline.

Average Closing Price of a L.I. Sound Waterfront House,by Neighborhood: 2015-2020*

8 Pratt Island, Darien has a heated pool, private beach, and mag-nificent views throughout. $6,999,000. Web # 170200737.

* 2020 Through June 20. The above chart is for neighborhoods with at least 3 closings during this time frame.



Waterfront Single Family Houses

9 Stony Point Road, Westport has a deep water dock, expansive decks, and spectacular views of the Saugatuck River and beyond. $3,888,888. Web ID: 170156420.

Summer 2020 Waterfront ReportData in report sourced from the Smart, Greenwich, and Darien MLS, and includes Halstead off-market closings.

Busiest Time for Waterfront Closings? Interest in waterfront property continues unabated throughout the year, as the chart below reveals. However, from 2015 to 2020, 198 of the 392 L.I. Sound waterfront house closings (51%) took place in the June to October time period.

Number of Lower Fairfield County L.I. Sound Waterfront House Closings by Month, 2015-2020*

3023

29

21

31

51

32

48

3235

31 29

0

10

20

30

40

50

60

Jan Feb March April May June July Aug Sept Oct Nov Dec




Waterfront House Rentals

9The number of waterfront

summer rentals on Fairfield Beach Road in Fairfield

between March 1 and June 20th, slightly higher than 2019, when there were 6.

Prices ranged from $8,333 to $20,000 per month, with

an average closing price of $14,000.

29 Glen Avon Drive in Riverside (Greenwich) has 154 feet of waterfront frontage, dock, and wrap-around porch and stone patio overlooking the water. $4,495,000. Web ID 170306961.


$12,694

$18,032

$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000

2019

2020

Average Rental Closing Price of Lower Fairfield County L.I. Sound Waterfront Rental Houses, March - June 20

2 24

5

8

5

13

68

11

19

02468

101214161820

Stamford Norwalk Darien Westport Fai rfield Greenwich

2019 2020

Number of L.I. Sound Waterfront Rental House Closings, March - June 20

18 Wallacks Drive in Stamford is a 6.2-acre waterfront compound that consists of 2 coastal homes, 5 cottages, sweeping lawns, a Gunite pool, a dock, and over 500 feet of private, sandy beaches. $13,000,000. Web ID: 170302209.


Summer 2020Waterfront

5 North Crossway in Old Greenwich, a HOBI-award winning waterfront home that features a dock, multiple waterside decks, and a floor plan designed to maximize water views. $4,695,000.Web ID: 170248203.

Summer 2020 Waterfront

88 Delafield Island Road in Darien, a Tuscan-style estate set on 1.42 acres, has sweeping lawns, 181 feet of direct waterfront, and magnificent views of Scott’s Cove and the Long Island Sound. $4,250,000. Web ID: 170286894.

8 Butlers Island Road in Darien has its own large, private beach and outside terraces overlooking the water. $7,495,000. Web ID: 170184015.


Summer 2020 Waterfront

603 Steamboat Road, Unit #5, Greenwich, features stunning water views from all floors, wa-terside deck, and direct access to the Long Is-land Sound. $2,450,000.Web ID: 170240995.

1 Runkenhage Road in Darien, a 3.25-acre waterfront estate with an expansive, level lawn leading to the water, a large fishing pier, dock, pool, pool house, and separate guest house. $7,950,000. Web ID: 170163410.

6 Contentment Island Road in Darien, an eco-friendly home with geothermal heating and solar panels, heated pool, and dock. $4,975,000. Web ID: 170265511.


Summer 2020 Waterfront Reportmedia.halstead.com/pdf/Summer2020WaterfrontReport.pdf88 Delafield...

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