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For sale
    • Price cut: $54K (7/6)
    $1,295,000

    15-1/2 Water Street #4, Groton, CT 06355

    2beds
    1,314sqft
    : 
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    Condominium
    Built in 1830
    -- sqft lot
    $-- Zestimate®
    $986/sqft
    $610/mo HOA

    What's special

    Direct Waterfront One Level Condo with Un-Obstructed Water Views of the Mystic River. This 2 Bedroom, 2 Full Bath condo is located in one of the most Iconic Buildings in all of Mystic. "The Power House" turn of the Century Stately Water Front Building in Historic Downtown Mystic. Enjoy one-level living at its best. Includes 1 private parking space in the covered garage and access to the private outside parking lot as well. Watch the mesmeric boat traffic on the Mystic River from your 14' Balcony and enjoy the waterfront seating area with picnic table for outdoor gatherings. Efficient heat pump heating system with central air. First floor unit accessed by elevator. Adjacent to Deep Water Marina and stroll to fine restaurants, SIFT Bakery, Resort Shopping and Seaside Cafes. Live a Dream in Historic Downtown Mystic. Wake to the rhythm of the harbor and take in mesmerizing boat traffic from your private 14-foot waterfront balcony, where sailboats, yachts, and classic vessels glide by in a timeless coastal parade. Residents enjoy access to a private riverfront seating area, perfect for relaxed gatherings overlooking the water. This thoughtfully designed home features elevator access, an efficient heat pump system with central air, and the rare convenience of one covered garage space plus additional private parking. Perfectly positioned beside Deep Water Marinas, you are just steps from Mystic's finest waterfront dining, boutique shopping, and beloved destinations such as SIFT Bakery and charming seaside cafes-all within a picturesque stroll along the river. A rare opportunity to live the quintessential New England waterfront lifestyle-where every day feels like a getaway. No Short Term Rentals Allowed.
    6 days
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    467
    |
    17
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    Zillow last checked:

    Listing updated:

    Listed by:

    Judith Caracausa (860)912-9903,

    William Pitt Sotheby's Int'l 860-536-5900

    Source: Smart MLS,MLS#: 24184927MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Features: Balcony/Deck, Bedroom Suite, Full Bath, Walk-In Closet(s), Wall/Wall Carpet
      • Level: Main
      • Area: 270 Square Feet
      • Dimensions: 15 x 18
      Bedroom
      • Features: Hardwood Floor
      • Level: Main
      • Area: 140 Square Feet
      • Dimensions: 10 x 14
      Primary bathroom
      • Features: Stall Shower, Hardwood Floor
      • Level: Main
      • Area: 54 Square Feet
      • Dimensions: 9 x 6
      Bathroom
      • Features: Stall Shower
      • Level: Main
      • Area: 35 Square Feet
      • Dimensions: 7 x 5
      Dining room
      • Features: Balcony/Deck, Combination Liv/Din Rm, Sliders, Hardwood Floor
      • Level: Main
      • Area: 121 Square Feet
      • Dimensions: 11 x 11
      Kitchen
      • Features: Breakfast Bar, Granite Counters, Double-Sink, Hardwood Floor
      • Level: Main
      • Area: 192 Square Feet
      • Dimensions: 12 x 16
      Living room
      • Features: Balcony/Deck, Combination Liv/Din Rm, Dining Area, Sliders, Hardwood Floor
      • Level: Main
      • Area: 176 Square Feet
      • Dimensions: 16 x 11
      Heating
      • Heat Pump, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Oven/Range, Microwave, Range Hood, Refrigerator, Dishwasher, Washer, Dryer, Water Heater
      • Laundry: Main Level
      Features
      • Basement: None
      • Attic: None
      • Has fireplace: No
      • Common walls with other units/homes: End Unit
      Interior area
      • Total structure area: 1,314
      • Total interior livable area: 1,314 sqft
      • Finished area above ground: 1,314

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached, Assigned
      • Attached garage spaces: 1
      Features
      • Stories: 1
      • Exterior features: Balcony, Sidewalk, Lighting
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Waterfront, River Front, Walk to Water, Water Community, Access
      Lot
      • Features: Level, In Flood Zone
      Details
      • Parcel number: 2239668
      • Zoning: MDD

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Ranch
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1830

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Features: Health Club, Library, Medical Facilities, Park, Playground, Shopping/Mall
      • Subdivision: Mystic
      HOA
      • Has HOA: Yes
      • Amenities included: Elevator(s), Guest Parking, Security, Management
      • Services included: Security, Maintenance Grounds, Trash, Snow Removal, Flood Insurance
      • HOA fee: $610 monthly
      Location
      • Region: Groton

      Financial & listing details

      • Price per square foot: $986/sqft
      • Tax assessed value: $461,510
      • Annual tax amount: $12,562
      • Date on market: 7/6/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,506/mo

        Price history

        DateEventPrice
        7/6/2026Price change$1,295,000-4%$986/sqft
        Source: Smart MLS #24184927 Report a problem
        5/26/2026Listed for sale$1,349,000+149.9%$1,027/sqft
        Source: Smart MLS #24173072 Report a problem
        4/17/2015Listing removed$539,900$411/sqft
        Source: Visual Tour #E10033387 Report a problem
        4/8/2015Listed for sale$539,900$411/sqft
        Source: Visual Tour #E10033387 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,670 +4%$461,510
        2023$11,217 +2.2%$461,510
        2022$10,972 +21.7%$461,510 +44.2%
        2021$9,014 +0.8%$319,970
        2020$8,940 +4.5%$319,970
        2019$8,553 +1.2%$319,970
        2018$8,450 +1.9%$319,970
        2017$8,294 $319,970
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 06355

        Getting around

        65 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Fitch Senior

        Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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