Fairfield House Condos in Greenwich, CT

Fairfield House Condos for Sale

Fairfield House does not turn over often. With 74 units in a building constructed in 1956, the ownership base trends toward long-term residents who have no particular urgency to sell. When a unit does come to market, it tends to move. Buyers looking for a Greenwich CT condo at a realistic price point should not wait for the perfect unit to appear and then deliberate. Active listings here change quickly, and off-market interest from pre-positioned buyers is common. Contact The Engel Team directly for current availability, including units that may not yet be publicly listed.

Recently Sold at Fairfield House

Twenty-six MLS sales at Fairfield House give buyers and sellers a meaningful dataset. Closed prices ranged from $248,000 to $730,000. The median sat at $365,000. Median price per square foot came in at approximately $443/SF across unit sizes that spanned 400 to 1,250 square feet.

The most recent sale closed June 30, 2025: Unit 4E, a 2-bed/2-bath at 1,250 square feet, sold for $730,000, or $584/SF. That is the high end of what this building has produced on record, and it signals that fully renovated or well-positioned upper-floor units are capable of trading well above median. By contrast, Unit APT 1J sold in February 2025 for $352,000, a 1-bed/1-bath at 500 square feet, closer to the building’s floor for smaller configurations.

Three-bedroom units, which max out at 1,250 square feet here, have traded between $493,500 and $605,000. APT 3F sold in September 2024 for $605,000 at $484/SF. One-bedroom units in the 570-to-767-square-foot range have clustered between $310,000 and $365,000 in recent years. The spread between floors and unit condition is real, and buyers should not assume a lower-floor or dated unit will price like the 4E sale.

About Fairfield House

Fairfield House is a mid-rise condominium building at 50 Lafayette Place in Greenwich, CT, built in 1956. The building holds 74 units across multiple floors. It sits in central Greenwich, which means buyers are not buying into one of the town’s outer neighborhoods, they are buying into the core of one of the most expensive real estate markets in New England. At the building’s median price of $365,000, that address carries significant value relative to what it costs. The Greenwich CT real estate market as a whole runs at a town-wide median near $3.8 million. Fairfield House represents a distinct entry point into that market, and buyers who understand that gap tend to act decisively when a unit becomes available.

The building is not a boutique new-construction product. It is a mid-century structure with character, established ownership patterns, and price behavior shaped by decades of sales history. Unit condition varies meaningfully from one floor to the next and from one renovation cycle to another. That variation is built into the price range, and it is the first thing a buyer should investigate before making an offer.

Homes and Layouts at Fairfield House

Fairfield House offers one-, two-, and three-bedroom configurations. Unit sizes in the MLS record ranged from 400 to 1,250 square feet. The smaller one-bedroom units at 400 to 500 square feet are at the compact end of what the building produces. One-bedrooms in the 570-to-767-square-foot range appear more frequently in the sales record and represent the building’s modal transaction. Two-bedroom units range from roughly 980 to 1,250 square feet depending on configuration, with bath counts of either one or two. Three-bedrooms have topped out at 1,250 square feet in every recorded sale.

The building is a flat-style mid-rise, not a townhouse layout. Buyers should confirm parking arrangement, storage availability, and floor level directly with the seller or association. Upper-floor units at Fairfield House have historically commanded a premium, as the 4E sale history demonstrates clearly, two sales of that unit at $575,000 in 2022 and $730,000 in 2025.

What Buyers Need to Know

HOA fees at Fairfield House have varied across units and time periods. The figures in the sales record range from $345/month on a small first-floor unit to $900/month on a third-floor three-bedroom. The current base reference fee is $537/month, but buyers should confirm the exact fee for any specific unit directly with the association. Fees at this level in a 1956 building are worth scrutinizing. Request a copy of the association’s reserve study, current reserve balance, and a three-year history of assessments before going to contract.

Buildings constructed in 1956 carry deferred maintenance risk that varies unit by unit and system by system. Ask specifically about the status of the roof, elevator, HVAC systems, and common area infrastructure. Special assessments are not unusual in buildings of this age. Knowing whether one is pending or recently passed is material to any offer.

Renovation variation between units is real and wide here. The price gap between a first-floor 400-square-foot unit at $285,000 and a fourth-floor 1,250-square-foot unit at $730,000 reflects both size and condition. A buyer evaluating two similarly sized units at different prices should inspect the mechanical infrastructure, not just the finishes.

Rental rules, pet policies, and owner-occupancy ratio should be confirmed directly with the association. These details affect both quality-of-life expectations and financing eligibility. Some conventional lenders require a minimum owner-occupancy percentage before approving a condominium loan. FHA and VA financing have their own condominium approval requirements, and buyers using those products should verify Fairfield House’s current approval status early in the process.

Resale potential at Fairfield House is real but unit-specific. The most recent sale closed at $730,000 in mid-2025. The spread between the building’s floor and ceiling is wide enough that condition, floor, and unit size have an outsized effect on resale value. Buyers who renovate intelligently in a building with this price ceiling can exit well. Buyers who overpay for a dated unit and then hold it without updating it face more friction on resale. Request the full resale package from the association before closing, including meeting minutes and any pending litigation.

Buying or Selling at Fairfield House

If you are buying at Fairfield House, pricing precision matters more than it does in a building with higher volume. Twenty-six recorded sales over a multi-year period is a workable dataset, but the range is wide, and the wrong comp can cost you real money in either direction. The Engel Team works the Greenwich CT homes for sale market with the depth to identify where a specific unit sits within the building’s price curve, not just what the median says.

If you are selling, the June 2025 sale of Unit 4E at $730,000 sets a new ceiling for this building on record. That price does not mean every two-bedroom will trade there. It means the market will pay for a well-positioned, well-presented unit. Presentation, timing, and pricing strategy are the variables that separate a strong result from a long listing. The Engel Team offers full listing strategy, valuation, and off-market buyer outreach for sellers at Fairfield House. Contact us directly to discuss what your unit is worth in today’s market.

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