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5 Park Place

Groton, Connecticut 06355

PENDING$1,500,000
Beds
4
Baths
2
SqFt
2,335
Acres
0.31
Year Built
1853
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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About This Home

Location, Location, Location. Mystic gem on one of Mystic's most iconic streets known on Park Place. This historic home was built as the "John Prentice" home in 1853 and is an original homestead in the Mystic community. This property was enjoyed by the same owners for past several decades. Now it is the time to create a new chapter for this legendary homestead. The main entrance to the home features decorative staircase to the upper level that includes full bath and bedroom with kitchen in the rear of the building. This pristine destination enjoys coastal access to the Mystic River only a stone's throw from your front doorway where you can wheel your kayak to the boat launch. Park Place savors quiet enjoyment and privacy on this dead end street which opens to expansive water views and a boat launch for recreational activities. Nautical adventures await you up and down the magical river including those from the Mystic Seaport's annual antique wooden boat show and holiday lighted boat parade. There are two homes on this parcel inclusive of the 2 family home and the stand alone guest cottage with its own entrance way and driveway. Water views and close proximity to Downtown Mystic make this home a treasure where you can enjoy all the amenities offered in the Mystic community. The stand alone cottage is ideal for visiting guests or revenue opportunity. The rear of the property is bordered with a three car garage with automatic opener. ESTATE SALE, NO DISCLOSURES.

Key Facts

City/Town
Groton
Property / Style
Single Family · Cottage,Georgian Colonial
Year Built
1853
Days on Market
1130 days
Beds
4
Baths
2 full
Living Area
2,335 sq ft
Lot Size
0.31 acres
Property Taxes
Not on file from MLS

Market Snapshot

The Groton Market

Single Family · trailing 12 months

Median Days on Market

42

45 active listings

Median $ / Sq Ft

$331

45 active listings

Sale-to-List Ratio

100.0%

291 sales

How this home compares

List Price

$1.50M

vs $585,000 median

2.6× the median

Price / Sq Ft

$642

vs $331 median

94.0% above median

Days on Market

1130 days

vs 42 days median

1088 days longer than median

Based on 45 active and 291 closed sales (trailing 12 mo) of single family in Groton. Source: SmartMLS · As of July 28, 2026.

Location

5 Park Place, Groton, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$8,148

per month

  • Principal & Interest$7,648
  • Property Taxes$0
  • Insurance$500
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Groton
County
New London

Residence

Property Type
Single Family
Style
Cottage,Georgian Colonial
Year Built
1853
Living Area
2,335 sq ft

Schools

Elementary
S. B. Butler
High
Fitch Senior

Interior

Heating
Baseboard
Cooling
Ceiling FansWindow Unit
Laundry
Main LevelUpper Level

Exterior & Lot

Lot Size
0.31 acres
Garage / Parking
Detached Garage
Waterfront Details
Water CommunityViewWalk to Water
Construction
Aluminum
Roof
Asphalt Shingle
Foundation
Stone
Exterior Features
BreezewayGuest HouseGutters
Lot Description
Historic DistrictOpen LotDryClearedWater ViewLevel Lot

Listing & Financials

Days on Market
1130
MLS #
170578104
MLS Status
Under Contract - Continue to Show

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

William F. Turner

(860) 5015453

Berkshire Hathaway NE Prop.

Buyer's Agent

Geoff Gordon

RANDALL, REALTORS-Compass

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 5:25 AM UTC.