117 Water Street
Stonington, Connecticut 06378
Reduced from $4,495,000
- Beds
- 10
- Baths
- 7
- SqFt
- 12,145
- Acres
- 0.12
- Year Built
- 1850
- Neighborhood
- Stonington Village
- Property Type
- 5+ Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Ocean House is an eleven unit, mixed use, historic property, comprised of seven residential suites and four commercial suites. The cornerstone of Stonington Borough's commercial Village District, each of the occupied, renovated residential suites features a fully applianced kitchen with dishwasher and a private laundry. Each of the four commercial spaces offer off-the-sidewalk entry and glass bay storefronts. Upside included unfinished, walk up attic with panoramic tri-state water views, and a garage and driveway, presently used by the landlord but in high demand as a rental. Excellent cap at 7.21. Stonington Borough is a quaint peninsula of colonial and Victorian homes on cobblestone and slate sidewalks, magnificent views of Long Island Sound and Napatree Point. Walk, shop, boat, swim, play outside your front door. Owner financing considered.
Key Facts
- City/Town
- Stonington
- Neighborhood
- Stonington Village
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1850
- Days on Market
- 224 days
- Beds
- 10
- Baths
- 7 full
- Living Area
- 12,145 sq ft
- Lot Size
- 0.12 acres
- Garage / Parking
- 1 garage · 3 total
- Property Taxes
- $20,198 / Annually
Market Snapshot
The Stonington Market
Multi-Family · trailing 12 months
Active Listings
7
2 under contract
Median List Price
$3.50M
7 active listings
Median Closed Price
$600,000
18 sales
Median Days on Market
87
7 active listings
Median $ / Sq Ft
$482
7 active listings
Sale-to-List Ratio
96.6%
18 sales
How this home compares
List Price
$4.25M
vs $3.50M median
21.4% above median
Price / Sq Ft
$350
vs $482 median
27.4% below median
Days on Market
224 days
vs 87 days median
137 days longer than median
Based on 7 active and 18 closed sales (trailing 12 mo) of multi-family in Stonington. Source: SmartMLS · As of August 26, 2026.
Location
117 Water Street, Stonington, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: indicative defaultsper month
- Principal & Interest$21,827
- Property Taxes$1,683
- Insurance$1,417
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Stonington
- Neighborhood
- Stonington Village
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units on different Floors
- Year Built
- 1850
- New Construction
- No/Resale
- Living Area
- 12,145 sq ft
Schools
- Elementary
- Per Board of Ed
- Middle
- Per Board of Ed
- High
- Stonington
Interior
- Heating
- Baseboard
- Heat Fuel
- Oil
- Cooling
- Wall UnitWindow Unit
- Laundry
- Washer/Dryer All Units
- Laundry Location
- 4 commercial suites do not have laundry
- Basement
- PartialFull
- Accessibility
- Exterior Curb Cuts
Exterior & Lot
- Lot Size
- 0.12 acres
- Zoning
- PC
- Garage / Parking
- 1 garage space3 total parking spacesAttached GarageOff Street ParkingDrivewayPrivate
- Waterfront
- Direct waterfront
- Waterfront Details
- Walk to WaterHarborViewAccess
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- Yes
- Construction
- ClapboardVinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Exterior Features
- SidewalkAwningsGuttersLighting
- Lot Description
- Corner LotLevel LotHistoric DistrictWater View
Listing & Financials
- Property Taxes
- $20,198 / Annually
- Days on Market
- 224
- MLS #
- 24148701
- MLS Status
- Active
- Financing
- Owner Financing
Similar Properties
Homes with a close match in area, property type, and price.
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/26/2026. 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 8/26/2026 at 8:55 PM UTC.