Forest Ridge Condos in New Canaan, CT

Opening Overview

Forest Ridge is a 12-unit townhouse condominium complex at 109 Forest Street in New Canaan, CT. Twelve units is a small pool. That matters to buyers because it constrains resale comps, slows turnover, and means any unit that comes to market carries real pricing uncertainty. The MLS record shows 12 sales since 2017, with closed prices ranging from $465,000 to $1,195,000 and a median of $680,000. That spread is wide for a small complex, and it reflects genuine variation between units — in size, condition, and renovation level — rather than market volatility. If you are shopping New Canaan CT condos, Forest Ridge offers townhouse-style living with a price point that sits well below the town’s overall median of $2,080,000. That gap matters. It makes Forest Ridge one of the more accessible entry points into a town where single-family inventory rarely trades below $1.5 million.

Forest Ridge Condos for Sale

With only 12 units in the complex, active availability at Forest Ridge is limited by definition. Units rarely come to market more than once every year or two, and when they do, they tend not to sit. Buyers waiting for a specific unit type — a three-bedroom end unit, for example, or a unit with a larger footprint — may wait twelve to eighteen months before one surfaces. The New Canaan homes for sale market as a whole operates under the same constrained-supply dynamic, and Forest Ridge is no exception. If you are actively tracking this complex, contact The Engel Team directly. We monitor off-market movement, broker-to-broker conversations, and pre-listing activity that never reaches the public MLS feed.

Recently Sold at Forest Ridge

The MLS record for Forest Ridge includes 12 closed sales. The two most recent closed above $1 million: Unit 2 sold in May 2024 for $1,195,000 at 1,986 square feet, and Unit APT 6 sold in June 2024 for $1,000,000 at 2,744 square feet. Both were three-bedroom, three-bath units. Those two sales represent a meaningful step up from the cluster of transactions that closed in the $615,000–$710,000 range between 2017 and 2021.

The full sales table from the MLS is below. Unit sizes ranged from 1,722 to 2,782 square feet, and the median price per square foot across all 12 sales was approximately $295/SF. Note that the same unit number appears in multiple sales — Unit 2 sold in December 2023 for $690,000 and again five months later in May 2024 for $1,195,000. That is a $505,000 swing on the same unit within a single year, which tells buyers something important: condition and renovation level drive pricing at Forest Ridge more than any other factor. Buyers comparing two listings here should not assume similar square footage means similar value.

About Forest Ridge

Forest Ridge is located at 109 Forest Street in New Canaan, CT. The complex was built between 1972 and 1985, which places it among the earlier condominium developments in town. Twelve units total. That scale is closer to a small cluster of homes than to a conventional condominium association, and buyers should think about it that way. The complex is townhouse-style, meaning units are vertically oriented with multiple levels rather than stacked flats. Construction across that thirteen-year build window means not every unit was built to the same original specification, and subsequent renovations have widened that variation further. The name reflects the setting: Forest Street is a residential address in a town that covers roughly 22 square miles, with properties here carrying the landscaping emphasis that characterizes much of New Canaan CT real estate. Buyers who want density, shared amenities, or resort-style facilities will not find them here. What Forest Ridge offers is a low-count, low-profile townhouse community in a town that does not have many of them.

Homes and Layouts at Forest Ridge

Units at Forest Ridge come in two- and three-bedroom configurations. Square footage across the 12 MLS sales ranged from 1,722 to 2,782 square feet, which is a meaningful spread for a 12-unit complex. Three-bedroom, three-bath units appear most frequently in the sales record, with a handful of two-bedroom, two-bath units also trading. The townhouse layout means buyers are navigating stairs across multiple floors, which is a practical consideration for anyone prioritizing single-level access. No verified floor plan data is available to confirm exact room configurations by unit number, so buyers should walk each unit independently and not assume that matching bed and bath counts means matching layouts. Parking and outdoor space details were not available in the MLS data reviewed; buyers should confirm those specifics directly with the association or listing agent before making an offer.

What Buyers Need to Know

The current HOA fee is $552 per month at the baseline, though the sales record shows fees as high as $662 per month on specific units. Property taxes across the 12 sales ranged from $6,283 to $10,487 per year, with the town figure of $8,274 serving as a reasonable midpoint estimate. Both numbers should be confirmed for any specific unit before making an offer, since HOA fees and assessments can shift between sales.

At 12 units, the association’s financial depth deserves close scrutiny. A small association has a smaller pool of owners contributing to reserves. One large capital expense — roof replacement, foundation work, exterior envelope repair — can trigger a special assessment that hits every owner proportionally. Buildings constructed between 1972 and 1985 are at or past the useful life of major building systems. Buyers should request the most recent reserve study, the current reserve fund balance, and the association’s history of special assessments before closing. If no recent reserve study exists, that is itself important information.

Rental rules, pet policies, and owner-occupancy ratios were not available in the verified data. These details matter for financing: conventional and FHA lending guidelines require minimum owner-occupancy thresholds, and a small complex with several investor-owned units can create financing complications for buyers seeking standard mortgage products. Confirm occupancy ratios through the association’s management documents. Similarly, any planned renovations to an individual unit should be reviewed against association rules before assuming they are permitted. Units built across a thirteen-year window will have varied structural configurations, and assumptions about what modifications are structurally straightforward may not hold across every unit.

The wide price range in the sales record — from $465,000 to $1,195,000 — is not random. It is a direct signal that condition and renovation quality are the dominant pricing variables here. Buyers comparing Forest Ridge to other New Canaan condominium options should bring that lens to every unit inspection.

Buying or Selling at Forest Ridge

Pricing a unit at Forest Ridge is not a simple comp exercise. With 12 units and a price range that spans $730,000, the standard approach of pulling three recent sales and averaging them will produce a number that is wrong for most individual units. The Engel Team has tracked sales activity across New Canaan’s condominium market and can provide unit-specific valuation analysis that accounts for renovation level, square footage, and the specific sales history within this complex.

For buyers, we monitor pre-market and off-market activity at Forest Ridge. For sellers, we can provide a detailed pricing strategy before you list — one that positions your unit correctly against the wide comp range without leaving value on the table. Contact The Engel Team to schedule a valuation conversation or to get on our active buyer notification list for this complex.

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