Available direct waterfront homes are really not aplenty in Westport. Currently, there are only 28 homes that fit that bill.
Don’t let an initial look fool you into thinking there are more. If
one performed a search using direct waterfront as their only parameter,
45 homes would be included, however this grouping also includes lakes,
ponds, brooks, rivers and/or streams.
What it truly boils down to is that in fact, there aren’t that many to choose from at this time.
These 28 homes equate to less than 8 percent of all single-family
homes for sale in Westport, which are marketed through our Multiple
Listing Service, and have descriptions that include Long Island Sound,
harbor, ocean or frontage. The average price of these waterfront homes
is just under $5.6 million.
Considering 19 of the 33 homes that were listed as
having direct waterfront sold in the past year included the above
additional parameters, this segment of the market is performing
There are now 361 homes on the market and have been listed for an
average of 125 days, with a cumulative market time of 210 days. The
average list price is $2,269,993 and the median price is $1,795,000.
A home on Beachside Avenue is the highest priced property for sale at
$32 million, and the lowest available priced single family is a
five-bedroom home on Ferry Lane East for $439,900.
Eight new listings came on the market in the last seven days, and no
properties came back on the market after being under deposit, or
temporarily withdrawn. Sixteen properties had a price change.
Ten properties have gone under the initial deposit stage, which we
call CTS, and six properties went into pending status, which means that
the conditions have been satisfied, and the property is scheduled to
The average price of those six properties was $1,611,000. There are
currently 23 homes in CTS status throughout Westport, and another 46
properties scheduled to close town-wide, with an average price of
Closings: There were 13 single family homes reported as sold
in the last week, and they were listed on average at $1,567,838 with an
average market time of just 70 days. There were 63 status changes in the
last seven days.
Condos: There are 14 condominiums that are available, and they
have been listed an average of 56 days. Their average listing price is
$614,543 and the median price is $537,000.
The highest priced condo in town is listed at $1,195,000 and is a
two-bedroom home located at Terra Nova, and the lowest priced unit for
sale is a one-bedroom home on Bridge Street for $209,000.
There was one new listing this week, and no homes came back on the
market, There were no price changes, one property went under the initial
stage of deposit, and one home entered pending status.
There is one property town-wide that is currently in CTS status, and
there is one property scheduled to close that is listed at $748,000.
One sale was reported during the last week, and was listed at $445,000. There were five status changes.
Rentals: If you are interested in renting year round, either
furnished or unfurnished, there are 100 homes or apartments available.
The median price is $5,925 per month and the average price is $6,587 per
month. These year round rental opportunities have been on the market an
average of 54 days.
There are 43 short-term rental opportunities that are available, and
they have been on the market an average of 90 days. Their average price
is $13,419 and the median price is $9,500. 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: Market Data is compiled from the GFC-CMLS and represents
activity through our local MLS system. Private sales are not included in
This home at 7 Sandpiper Road is listed at $6,989,000.
This stunning and unique direct waterfront home with private beach in
Saugatuck Shores was custom designed by noted area architect Peter
Cadoux, and its nine gracious rooms offer exceptional carefree living.
The beautifully landscaped .68 acre property also includes a private
The stone and shingle style colonial with a hint of European flair
could itself be considered an architectural masterpiece, and the
6,100-square foot home was designed to take in outstanding unobstructed
waterviews from most every room.
No expense has been spared with expert craftsmanship and exquisite
detailing throughout this nine-year old home includes a wonderful open
and flowing floor plan, and semi-circular rooms overlooking the Sound.
The front-to-back foyer allows for calming Long Island Sound views
the moment you enter, and each of the three floors of living area take
full advantage of the scenery.
The great room with tray ceilings has a stone fireplace flanked on
either side by built-ins and window seats, and two sets of sliding doors
which lead out to the covered deck and screened porch with fireplace.
A custom gourmet kitchen is open to the great room, and features
top-of-the-line appliances and limestone counters. A two-tiered center
island has matching tops, and comfortably accommodates four for an
informal bite, as well as a breakfast area with banquet seating.
The dining room has a custom tray ceiling, floor-to-ceiling wine
cooler and two sets of sliding glass doors to the covered veranda with
teak ceiling and built-in Viking grill.
The Cherry paneled library can easily be an additional bedroom, has
extensive built-ins, and a semi-circular wall with windows with “forever
views” of the sound and a French door to the covered stone patio.
A separate den has built-in seating and cathedral ceilings.
The master bedroom wing occupies the right side of the second level,
has a gas fireplace and a semi circular sitting room overlooking lush
Outstanding views of Long Island Sound are both indoors and out
through a French door to the covered deck.. A sumptuous marble bath
includes a two separate water closets, a jetted tub and glass enclosed
Two large fitted walk-in closets ensure everyone has enough clothing storage.
Three additional bedrooms are each en suite, and the media
room/additional en suite bedroom on the top floor has a French door to
covered balcony. The sitting area with French doors opens on to an
expansive rooftop deck with breathtaking views of beach and Long Island
A covered lanai on the ground level offers a “grotto” with stone
fireplace, another built-in Viking grill and a quiet place of outdoor
respite overlooking gunite pool with spa, beautifully landscaped
.68-acre grounds with specimen plantings and unobstructed views of Long
The ground level also includes an in-door cabana with kitchen,
laundry and full bath marble bath and changing room with French door to
Schools—Kings Highway, Coleytown, Staples
Extras and items to note—Four to five bedrooms, six full and one-half
baths, four fireplaces, 9-foot ceiling height on all levels, elevator,
security system, audio system, central vacuum system, public water,
public sewer, rooftop deck, private beach, Gunite pool and spa, three
car garage, generator.
Annual taxes are $60,875 and includes separate beach front property.
Listing/photo courtesy of Halstead Property/Westport.
Thursday, August 25, 2016