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$4,495,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • 1 Car Garage
  • Updated 2 days ago
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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.

Full Property Details for 117 Water St

General

  • Price: $4,495,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24148701
  • Updated: 1/14/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 25

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: Washer/Dryer All Units

Exterior

  • Exterior Features: Sidewalk, Awnings, Gutters, Lighting

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 3
  • Parking: Attached Garage, Off Street Parking, Driveway

Location

  • County: New London
  • Neighborhood: Stonington Village
  • Driving Directions: Water Street to Church Street. Properties on left at corner.

School Information

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • High School: Stonington

Community

  • Community Name: Stonington Village

Heating & Cooling

  • Cooling Type: Wall Unit, Window Unit
  • Heating Type: Baseboard, Oil
  • Heating Fuel: Oil
  • Water Heater: Oil, Domestic

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Clapboard, Vinyl Siding
  • Basement Desc.: Partial, Full
  • Roof: Asphalt Shingle
  • Attic: Yes
  • Disability Access: Exterior Curb Cuts
  • Square Feet: 12,145
  • Above Ground: 12,145 Sq. Ft.
  • Year Built: 1850

Unit Information

Unit 1

  • Square Feet: 645
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Full Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.12
  • Driveway/Sidewalk: Private
  • Zoning: PC
  • Lot Description: Corner Lot, Level Lot, Historic District, Water View

Water Features

  • Water Front Desc.: Walk to Water, Harbor, View, Access

Green Features

  • Energy Features: Thermopane Windows

Financial Considerations

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

Disclosures and Reports

  • Exclusions: Personal art and select 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
1/14/2026
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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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# 24148701) is a Multi-Family property with 11 units containing 10 bedrooms and 7 full bathrooms. 117 Water Street is currently listed for $4,495,000 and was received on January 14, 2026. Want to learn more about 117 Water Street? Do you have questions about finding other Multi-Family 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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