Jelliff Mill Falls Condos in New Canaan, CT

Opening Overview

Jelliff Mill Falls is a 10-unit townhouse condominium built in 2014 and 2015 in New Canaan, CT. Eleven verified MLS sales have closed here, ranging from $1,125,000 to $1,975,000, with a median sale price of $1,395,000. That positions this complex below the broader New Canaan real estate town median of $2,080,000, but the gap is not a discount story. It reflects unit size variation and where specific units land within that 2,330-to-4,310-square-foot range. At the top of the range, Jelliff Mill Falls trades close to the town median. At the bottom, it offers an entry point into new construction townhouse living in New Canaan that is hard to find elsewhere in town.

Jelliff Mill Falls Condos for Sale

With only 10 units in the complex, availability at Jelliff Mill Falls is genuinely limited. Turnover across the entire sales history has produced 11 recorded transactions since 2015, which works out to roughly one sale per year on average. In practice, that means a unit may not come to market for a year or more. Buyers who are waiting for the right layout or the right position within the development should not expect a standing inventory. If you are tracking New Canaan CT condos and Jelliff Mill Falls is on your list, the right move is to get ahead of the listing, not react to it. Contact The Engel Team directly to monitor availability, including any units that may change hands before reaching public MLS.

Recently Sold at Jelliff Mill Falls

The MLS record for Jelliff Mill Falls covers 11 sales from July 2015 through April 2026. Closed prices ranged from $1,125,000 to $1,975,000. The median sale price across all transactions was $1,395,000. Unit sizes ranged from 2,330 to 4,310 square feet, and the median price per square foot was approximately $436.

The most recent sale closed in April 2026 at $1,918,000 for a 3-bed, 4-bath unit at 2,952 square feet, which puts that transaction at roughly $650 per square foot, well above the portfolio median. Two 2022 sales illustrate how wide the spread can be within a single development: one closed at $1,975,000 for 4,310 square feet, the other at $1,349,000 for 2,330 square feet. Both were 2022 transactions, same complex, same market conditions. The difference was square footage and configuration.

Earlier sales reflect the development’s initial absorption in 2015 and 2016, with Unit 6 closing at $1,825,000 in July 2015 and Unit 10 at $1,865,000 in September 2016. Those figures held up well relative to subsequent resales, which is a reasonable indicator of how the market has received this product over time.

About Jelliff Mill Falls

Jelliff Mill Falls sits at 45 Jelliff Mill Road in New Canaan, CT. The complex was built between 2014 and 2015 as a collection of 10 townhouse-style condominiums set around a pond. The development is small by design. Ten units is a deliberate number, not a phase-one footprint. What distinguishes Jelliff Mill Falls from most of the New Canaan homes for sale that compete for the same buyer is the combination of new construction finishes, a pond-facing setting, and a layout that functions more like a standalone home than a conventional condominium. The development was completed in the same window as a broader uptick in New Canaan’s inventory of higher-end attached housing, and it has traded consistently since.

Homes and Layouts at Jelliff Mill Falls

Units at Jelliff Mill Falls range from approximately 2,330 to 4,310 square feet, with bedroom counts documented across MLS sales at 2, 3, and in at least one case 4 bedrooms. Bath counts across recorded sales have ranged from 3 to 5. The townhouse format means buyers get vertical living, typically with entry-level and upper-level configurations rather than a single-floor plan. The square-footage spread is significant: the smallest recorded unit is roughly 2,330 square feet and the largest is 4,310 square feet, which means two units in the same development can feel like entirely different product categories. Buyers should confirm the exact square footage, bed and bath count, and floor plan for any unit currently available, as the variation between units here is wide enough to materially affect both price and livability.

What Buyers Need to Know

The current HOA fee is $924 per month, based on the most recent sale recorded in the MLS. Earlier sales in this complex carried HOA fees ranging from $657 to $1,399 per month, which suggests that fees have varied by unit and potentially by period. Before making an offer, buyers should request the current HOA fee schedule for the specific unit, the association’s reserve fund balance, and any history of special assessments since the development’s completion in 2015.

Property taxes on recorded sales have ranged from $12,891 to $21,513 per year, with the most recently recorded tax figure at $16,551 on the April 2026 sale. The variation is tied to unit size and assessed value, not an error in the data. Buyers should verify the current mill rate and assessed value directly with the Town of New Canaan assessor.

Because Jelliff Mill Falls is a small 10-unit association, a few practical due diligence points matter more here than they would in a larger complex. First, the reserve fund per unit needs to carry more weight because there are fewer owners contributing. A shortfall in a 10-unit association hits each owner harder than in a 100-unit building. Request two years of financial statements and ask specifically about the reserve study. Second, the rental policy and owner-occupancy ratio should be confirmed. Smaller associations sometimes carry restrictions on short-term rentals or investor ownership that do not appear in the listing sheet. Third, the pond on the property is an amenity, but buyers should confirm whether it falls under association maintenance responsibility, what the associated costs are, and whether it creates any insurance or drainage obligations for unit owners.

The development was built in 2014 and 2015, which puts it at roughly 10 years old as of 2025. Building systems including roofing, HVAC, and water heaters are likely approaching their first replacement cycle depending on unit-specific maintenance history. Ask the seller for documentation on any major system replacements and verify that the association’s reserve budget accounts for near-term capital expenditures.

Buying or Selling at Jelliff Mill Falls

Pricing a unit at Jelliff Mill Falls is not straightforward. The 11 sales on record span 11 years, cover a 2,000-square-foot range in unit size, and show a $850,000 spread from low to high. Using the median alone misses the story. The right comparable depends on which specific unit is trading, its floor plan, its condition relative to other units, and where the HOA fee sits at the time of sale. That analysis requires knowing the building from the inside, not just running a price-per-square-foot on the MLS average.

The Engel Team works with buyers tracking small developments like this one and with sellers navigating a thin comp set where pricing precision matters more than in larger buildings. If you are considering a purchase here, we can help you understand where a specific unit sits within the sales history and what a reasonable offer looks like. If you own a unit and are considering a sale, we can provide a current valuation grounded in the full transaction record for this complex and the broader New Canaan real estate market. Contact The Engel Team to get started.

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