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$4,495,000 Just Listed

  • For Sale
  • Active
  • Commercial
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Ocean House is an eleven unit, mixed use, historic property and the cornerstone of Stonington Borough's commercial Village District. Each of the fully occupied, fully renovated, seven residential suites features a fully applianced kitchen and private laundry. Each of the four occupied commercial spaces offer off-the-sidewalk entry and glass bay storefronts. Upside includes unfinished, full attic with panoramic, three state water views, and a garage and driveway, presently used for storage. Excellent cap 7.21. Stonington Borough is a quaint penninsula of colonial and victorian homes on cobblestone and slate fronted sidewalks, magnificent views of Long Island Sound and Napatree Point. Walk, boat, shop, play, outside your front door. Owner financing considered.

Full Property Details for 117 Water St

General

  • Price: $4,495,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 24148334
  • Updated: 1/13/2026
  • Added to Site: 7 day(s) ago

Interior

  • Interior Features: Window Display
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 11
  • Full Bathrooms: 7
  • Half Bathrooms: 4
  • Restrooms: 11

Exterior

  • Exterior Features: Sidewalk, Gutters, Lighting

Parking

  • Covered Parking: Yes
  • Covered Spaces: 1
  • Uncovered Spaces: 2
  • Total Spaces: 3
  • Parking: Parking Lot, On Street Parking, Driveway

Location

  • County: New London
  • Neighborhood: Stonington Village
  • Driving Directions: Water St. to Church St. on right

Community

  • Community Name: Stonington Village

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Baseboard, Oil
  • Heating Fuel: Oil

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected
  • Utility Description: Electric, Gas, Cable

Structural Information

  • Roof: Asphalt Shingle
  • Stories/Levels: 4
  • Stories in Building: 4
  • Square Feet: 12,145
  • Sq. Ft. Source: Public Records
  • Current Bldg. Use: Mixed Use Commercial Residential
  • Year Built: 1850

Unit Information

  • # Tenants: 11

Unit 1

  • Unit Description: Retail
  • Square Feet: 645
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 2

  • Unit Description: 1 Bedroom
  • Square Feet: 645
  • Total Bathrooms: 1

Unit 3

  • Unit Description: Retail
  • Square Feet: 900
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 4

  • Unit Description: Retail
  • Square Feet: 300
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 5

  • Unit Description: Retail
  • Square Feet: 725
  • Total Bathrooms: 1
  • Half Baths: 1
  • Partial Bathrooms: 1

Unit 6

  • Unit Description: 1 Bedroom
  • Total Bathrooms: 1

Unit 7

  • Unit Description: 2 Bedrooms
  • Full Bathrooms: 1

Unit 8

  • Unit Description: 2 Bedrooms
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Unit 9

  • Unit Description: 1 Bedroom
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Unit 10

  • Unit Description: 2 Bedrooms

Unit 11

  • Unit Description: 1 Bedroom

Lot Features

  • Lot Size (Acres): 0.12
  • Frontage: Municipal Street, Paved Road
  • Frontage Feet: 63
  • Present Use: Mixed Use Commercial Residential
  • Zoning: PC
  • Lot Description: Zero Lot Line, Corner Lot, Level Lot

Financial Considerations

  • Assessment Amount: $599,700
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Documents Avail.: Lead Disclosure, Legal Description
  • Exclusions: Personal artwork and furnishings
  • Flood Zone: Yes
  • Property ID: 2075135

Listed by Lori Hopkins-Cavanagh Broker, Lori Hopkins-Cavanagh

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Listing agent

— 117 Water St —

  • Lori Hopkins-Cavanagh

    Lori Hopkins-Cavanagh Broker

Agent Contact: (860) 449-2007 Office Contact: (860) 443-4976

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 117 Water St

School District:Stonington School District
NameGradesDistance
Deans Mill School
35 Deans Mill Road, Stonington, CT 06378
K-52.1 mi
Stonington Middle School
204 Mistuxet Avenue, Stonington, CT 06355
6-82.6 mi
Stonington High School
176 South Broad St., Stonington, CT 06379
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 117 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/10/2026
Listed
$4,495,000
402.23%
MLS
8/19/2021
Sold
$895,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 117 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,200
—
$599,700
-4%
2023
$12,227
-1%
$627,000
—
2023
$12,321
-20%
$627,000
8%
2022
$15,460
-24%
$579,900
-23%
2021
$20,291
2%
$755,700
—
2020
$19,920
—
$755,700
—
2019
$19,920
3%
$755,700
—
2018
$19,331
17%
$755,700
18%
2017
$16,526
3%
$639,800
—
2016
$16,065
5%
$639,800
—
2015
$15,368
5%
$639,800
—
2014
$14,671
2%
$639,800
—
2011
$14,319
—
$639,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Lori Hopkins-Cavanagh Broker, Lori Hopkins-Cavanagh

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117 Water Street, Stonington, CT 06378 (MLS# 24148334) is a Commercial property. 117 Water Street is currently listed for $4,495,000 and was received on January 10, 2026. Want to learn more about 117 Water Street? Do you have questions about finding other Commercial real estate for sale in Stonington Village? You can browse all Stonington Village real estate or contact a Coldwell Banker agent to request more information.

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