Far Mill River Condos in Shelton, CT

Address: 85 River Bend, Shelton, CT
Total Units: 318
Year Built: 1973–1975
Bedrooms: 1, 2, and 3
Building Style: Townhouse (gated community)
Median Sale Price: $247,450 (MLS history) | $374,000 (current estimate)
HOA Fee: From $125/month to $180/month depending on unit
Property Tax: Approximately $4,000–$7,400/year depending on unit

Far Mill River Condos for Sale

Availability at Far Mill River moves quickly. This is a 318-unit gated condominium community, which gives it more internal liquidity than most complexes in Shelton, but individual units still turn over infrequently enough that waiting for the right floor plan can take months. The complex covers a wide range of configurations, from 1-bedroom units just over 1,000 square feet to 3-bedroom townhouses approaching 2,300 square feet, so buyers with specific layout requirements should be prepared to act when the right unit appears. If you are watching Shelton CT condos and want early notice when a Far Mill River unit comes to market, contact The Engel Team directly. Off-market and pre-list activity at complexes this size is common, and the buyers who move first are almost always the ones who set up the conversation before a listing goes live.

Recently Sold at Far Mill River

The MLS record for Far Mill River includes 78 closed sales. Prices in the verified sales history ranged from $149,900 to $340,000, with a median sale price of $247,450. The median price per square foot across those transactions was approximately $179/SF. Unit sizes in the sales record ran from 1,061 to 2,272 square feet, confirming a broad mix of layouts within the complex.

The most active recent period in the data runs from early 2021 through mid-2023. In that window, 2-bedroom, 2-bath units in the 1,200–1,500 square foot range typically closed between $275,000 and $340,000. Larger 2-bedroom, 3-bath townhouses with over 1,700 square feet traded in the $285,000–$340,000 range. The single 3-bedroom, 3-bath unit in the dataset, at 2,272 square feet, closed at $275,000, which on a per-square-foot basis came in well below the median, suggesting that larger unit types at Far Mill River can represent value relative to smaller configurations.

One-bedroom units have traded as low as $149,900 and as high as $260,000, making them the most affordable entry point in the complex but also the thinnest segment of the resale market. Buyers targeting 1-bedroom units here should plan for a longer search window given the limited sales volume in that category.

HOA fees in the verified sales record ranged from $125 to $180 per month depending on unit and date of sale, with most transactions clustering between $138 and $162 per month. Annual property tax figures across the sales record ranged from approximately $4,017 to $7,402, with meaningful variation even among similar unit types.

About Far Mill River

Far Mill River is a gated condominium community built between 1973 and 1975 at 85 River Bend in Shelton, CT. With 318 units, it is one of the larger complexes in the Shelton market. The townhouse format distinguishes it from the garden-style and flat-over-flat condominiums common in other parts of Shelton. Units are arranged in multi-unit buildings throughout the gated property, with shared common areas and community amenities that include a pool, basketball court, health club, clubhouse, gardening area, and park space.

The complex sits within a town that has meaningfully appreciated in buyer interest over the past several years. Shelton’s median sold price for all property types was approximately $537,500 in early 2026, and months of inventory stood near 1.0. Far Mill River’s price points remain well below the broader Shelton market, which creates an entry point for buyers who want Fairfield County access without Fairfield County pricing. For more on the broader Shelton CT real estate market, including single-family comparisons, The Engel Team covers the full picture.

Homes and Layouts at Far Mill River

The townhouse layout at Far Mill River means buyers get a vertical living format, typically with living areas on a lower level and bedrooms above, rather than a single-floor flat. Unit sizes in the verified sales record ran from 1,061 square feet for the smallest 1-bedroom configurations up to 2,272 square feet for the largest 3-bedroom units. The majority of sales in the MLS record involved 2-bedroom units, with bathroom counts ranging from 1 to 3 baths depending on the specific configuration.

The four building designations in the sales data (A, B, C, D) suggest multiple building types or clusters within the community, each potentially with different floor plan offerings. Buyers should ask which building and building type applies to any unit under consideration, as square footage, bath count, and price per square foot have varied noticeably across building designations in the historical data. Outdoor space, parking, and unit orientation details should be confirmed at the unit level during a showing.

What Buyers Need to Know

HOA fees at Far Mill River have historically ranged from $125 to $180 per month. At those levels, the fees are low relative to many Fairfield County condominium communities, but buyers should request the full reserve fund study and the most recent budget before making any offer. A complex of 318 units built in the early 1970s carries legitimate questions about the status of major building systems, roofing cycles, exterior maintenance schedules, and whether reserves are adequately funded to handle those costs without triggering special assessments.

The age of the complex, now over 50 years, makes the reserve review non-optional. Ask specifically whether there have been special assessments in the past five years, and whether any are anticipated. The variation in property tax figures across comparable units in the sales record is notable. Two units of the same bedroom count and similar square footage carried taxes ranging from $4,000 to over $7,000 annually. Buyers should run the actual mill rate calculation on the assessed value of any specific unit rather than relying on neighboring sales as a proxy.

The resale market at Far Mill River is active enough to provide pricing comps, but individual unit condition and renovation level vary considerably in a building this age. Units that have been updated, particularly kitchens and baths, have commanded premiums in recent sales. Units in original or partially updated condition have priced accordingly. Resale potential here is tied directly to unit condition, so buyers planning to hold and sell should factor renovation investment into their underwriting. Requesting the resale package from the association before closing is standard practice and will surface any outstanding dues, pending litigation, or rule changes affecting the unit.

Rental rules, pet policies, and owner-occupancy ratios should be confirmed with the association. These details are not available in the MLS record and are material to financing, particularly for buyers using conventional loans, which carry lender-imposed thresholds on investor concentration within a condominium association.

Buying or Selling at Far Mill River

If you are buying at Far Mill River, the price-per-square-foot data in the verified sales record gives you a real baseline for evaluating any active listing. Units priced above $200/SF should be scrutinized against condition and building designation. If you are selling, the compression between the historical median of $247,450 and the current market estimate near $374,000 suggests meaningful appreciation, but pricing correctly against the specific building designation, unit size, and current condition is what determines whether you close at a premium or sit on the market.

The Engel Team works with buyers and sellers at condominium complexes throughout Shelton. For buyers, that means access to off-market monitoring, honest comp analysis, and offer strategy built on actual closed data. For sellers, it means a pricing framework that accounts for unit-specific factors rather than blanket complex averages. You can also browse the full inventory of Shelton homes for sale to understand where Far Mill River sits within the broader Shelton buyer market. Reach out to The Engel Team for a current valuation or to be notified when the next Far Mill River unit becomes available.