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270 North Water Street

Stonington, Connecticut 06378

PENDING$1,185,000
Beds
3
Baths
2
SqFt
1,894
Acres
0.41
Year Built
1840
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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WaterfrontDock / Mooring2-Car Garage1 Fireplace

About This Home

LOCATION, LIFESTYLE & STRONG INCOME HISTORY - ALL IN ONE! Ideally situated in Stonington just minutes from the heart of Stonington Borough, this exceptional property offers an enviable coastal lifestyle with remarkable versatility and income potential. Set on a level, nearly half-acre lot, the property is just steps from Don's Dock Marina and close to the water, beaches, restaurants, shops, galleries, vineyards, tennis and paddle courts, fitness facilities, and all that makes this area so special. Stroll or bike into Stonington Borough, or head to downtown Mystic, just minutes away. Inside, the home offers an inviting open-concept layout with three bedrooms, two full baths, central air conditioning, fireplace, & beautiful hardwood floors throughout. The versatile floor plan adapts effortlessly to a variety of lifestyles, whether you're looking for a full-time residence, a weekend coastal escape, or an investment property. And the investment story is compelling: the property has an excellent rental history through Airbnb, VRBO, and the local brokerage, offering the rare opportunity to enjoy the home while generating income when you're away. With its outstanding location, generous level lot, flexible layout, and proximity to virtually everything, this property presents uncaptured potential for its next owner. Live here. Rent it. Enjoy it. Invest in it. Properties offering this combination of location, flexibility, and opportunity rarely come along. Conveniently located bet...

Key Facts

City/Town
Stonington
Neighborhood
Stonington Village
Property / Style
Single Family · Colonial
Year Built
1840
Days on Market
45 days
Beds
3
Baths
2 full
Living Area
1,894 sq ft
Lot Size
0.41 acres
Garage / Parking
2 garage · 4 total
Property Taxes
$7,039 / Annually

Market Snapshot

The Stonington Market

Single Family · trailing 12 months

Median Days on Market

51

45 active listings

Median $ / Sq Ft

$485

45 active listings

Sale-to-List Ratio

99.2%

193 sales

How this home compares

List Price

$1.19M

vs $1.27M median

7.1% below median

Price / Sq Ft

$626

vs $485 median

29.1% above median

Days on Market

45 days

vs 51 days median

6 days fresher than median

Based on 45 active and 193 closed sales (trailing 12 mo) of single family in Stonington. Source: SmartMLS · As of September 23, 2026.

Location

270 North Water Street, Stonington, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$7,257

per month

  • Principal & Interest$6,275
  • Property Taxes$587
  • Insurance$395
  • 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
Single Family
Style
Colonial
Year Built
1840
New Construction
No/Resale
Living Area
1,894 sq ft

Schools

Elementary
Deans Mill
Middle
Per Board of Ed
High
Stonington

Interior

Heating
Hot Water
Heat Fuel
Oil
Cooling
Central AirDuctlessSplit SystemZoned
Fireplaces
1
Laundry
Main Level
Laundry Location
1st floor Bath
Appliances
Electric RangeOven/RangeMicrowaveRange HoodRefrigeratorFreezerIcemakerDishwasherWasherElectric DryerDryer
Basement
FullUnfinishedSump PumpHatchway AccessInterior AccessConcrete Floor
In-Law Apartment
No
Interior Features
Auto Garage Door OpenerOpen Floor Plan

Exterior & Lot

Lot Size
0.41 acres
Zoning
RM-15
Garage / Parking
2 garage spaces4 total parking spacesDetached GaragePavedOff Street ParkingDrivewayPrivateCementGravel
Waterfront
Direct waterfront
Waterfront Details
Walk to WaterDock or MooringHarborAccess
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Flood Zone
Yes
Construction
Vinyl Siding
Color
Light Gray
Roof
Asphalt Shingle
Foundation
Stone
Exterior Features
GuttersLightingFrench DoorsPatioBalconyGrillGazeboDeckGarden Area
Lot Description
Level LotClearedProfessionally LandscapedOpen Lot

Listing & Financials

Property Taxes
$7,039 / Annually
Days on Market
45
MLS #
24197474
MLS Status
Under Contract

Similar Properties

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

Listed By

Carlos Reyes

(917) 971-8821

William Raveis Real Estate

(860) 536-2600

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

The IDX display contains information sourced from SmartMLS, Inc. as of 9/23/2026. 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 9/23/2026 at 11:55 PM UTC.