Indian River Green Condos in Westport, CT

Indian River Green Condos for Sale

Indian River Green is a 20-unit townhouse complex on Saugatuck Avenue in Westport. With only 20 units in the building, turnover is infrequent. Most buyers tracking this complex wait months before a unit appears. When one does, it moves. The combination of a walkable location near the train, river views, and a price point well below the Westport CT real estate town median of roughly $2,000,000 creates demand that the inventory cannot consistently satisfy. Do not rely on public listing data to tell you what is available here. Contact The Engel Team directly for current availability, off-market awareness, and pricing context before you miss the next sale.

Recently Sold at Indian River Green

Twelve verified MLS sales at Indian River Green show a clear price trajectory. Closed prices ranged from $554,000 to $775,000. The median sale price across all 12 transactions was $665,000. Every unit that sold was a 2-bedroom, 3-bathroom layout at 1,200 square feet, placing the median price per square foot at approximately $554. The two most recent closings, in late 2024 and late 2025, came in between $730,000 and $759,000, reflecting the upward pressure the Westport CT condos market has absorbed over the past several years.

The gap between the 2016 floor of $554,000 and the 2025 ceiling of $759,000 is roughly 37 percent appreciation across the verified transaction history. That is a meaningful run for a 20-unit colonial-style complex, and it reflects what the Saugatuck Avenue location has done for buyer demand over that period.

About Indian River Green

Indian River Green sits at 230 Saugatuck Avenue in the Saugatuck section of Westport, one of the more walkable and transit-accessible pockets of town. The complex was built in 1988 in a colonial architectural style and contains 20 townhouse condominium units. It overlooks woodland scenery associated with the Indian River, giving most units a sense of natural privacy that is unusual this close to the train. The location puts the Saugatuck train station within walking distance, which is the primary reason buyers at this price point consistently prioritize this complex over others in Westport. It is a small, self-contained community, and that scale is part of the appeal. Larger complexes in Westport come with more amenities and more neighbors. Indian River Green keeps both to a minimum.

Homes and Layouts at Indian River Green

Every verified sale at Indian River Green has been a 2-bedroom, 3-bathroom townhouse at 1,200 square feet. The townhouse format means a vertical layout with living space on the ground level and bedrooms above, which differs from the flat-style condominiums more common in downtown Westport. Garage parking is included. The building style and footprint suggest standard townhouse construction from the late 1980s: attached units, likely with small private outdoor areas, and the kind of interior flexibility that comes from three bathrooms across a two-bedroom floor plan. Unit condition varies, as renovation work completed by prior owners is not uniform across all 20 units. Buyers should walk multiple units when possible to assess finish level before anchoring to a price.

What Buyers Need to Know

HOA fees have risen from $475 per month in 2018 to $620–$621 in the two most recent 2025 closings. That is a roughly 30 percent increase in HOA costs over seven years, which is not unusual for a 1988 building entering its fourth decade, but buyers should understand what that trajectory means for carrying costs going forward. At $620 per month, annual HOA payments exceed $7,400, which adds real weight to the all-in monthly cost on top of taxes that have reached $7,860 per year on recent transactions.

For a 35-year-old building, the reserve fund is one of the most important documents in the resale package. Buyers should request the reserve study, confirm the current reserve balance, and ask whether any special assessments have been levied or are anticipated. Roof, siding, windows, and mechanical systems on a 1988 colonial-style townhouse complex are all age-dependent expenses. If the reserve fund is underfunded relative to the replacement schedule, a special assessment is the mechanism by which the association will address it, and that cost falls to the owner of record at the time.

The Saugatuck Avenue location warrants a flood zone check. Properties near the Indian River and Saugatuck River corridor carry varying flood designations depending on elevation and proximity. Buyers should confirm the FEMA flood zone designation for the specific unit, determine whether flood insurance is required or recommended, and factor that cost into their carrying cost analysis. Flood insurance premiums have increased substantially in Connecticut over the past several years, and a waterfront or river-adjacent property that did not require flood insurance a decade ago may require it now.

Rental rules, pet policy, and owner-occupancy ratio are not publicly verified for this complex. These are standard items to request during the due diligence period. A low owner-occupancy ratio can affect conventional financing availability. Confirm all three with the association before submitting an offer. The resale package, which typically includes meeting minutes, financials, reserve study, and bylaws, is your primary tool for evaluating association health at Indian River Green.

Buying or Selling at Indian River Green

Indian River Green trades infrequently. There have been 12 verified MLS sales across roughly a decade. In a 20-unit building, that pace means roughly one sale per year on average, with some years producing two closings and others producing none. For a buyer, that means you cannot wait for ideal conditions. When a unit appears, you need current pricing context and a clear sense of unit-specific condition relative to recent sales. For a seller, thin comps cut both ways: a well-prepared unit with updated finishes can push toward the $759,000 end of the verified range, while an unrenovated unit will land closer to the midpoint.

The Engel Team works the Westport condominium market with direct knowledge of what has traded, what did not, and why. If you are tracking Indian River Green as a buyer, The Engel Team can monitor for off-market movement and give you pricing context before the unit hits the public market. If you are selling, the 12-sale transaction history gives us a precise basis for positioning your unit. Reach out directly to discuss current availability, valuation, or a listing strategy built around the specific condition and timing of your unit.