Mallard's Landing Condos in Norwalk, CT

Mallard’s Landing Condos for Sale

Mallard’s Landing moves slowly. With 120 units in a mid-rise building built in 1988, turnover here is limited, and active listings do not stay available for long. Norwalk CT condo inventory has tightened considerably in the first half of 2025, with total residential inventory down roughly 10.6% compared to the same period in 2024. At a complex like Mallard’s Landing, where the unit mix is consistent and the price point sits well below the Norwalk median of $660,000, demand holds even as the broader market softens. If you are waiting for the right unit to appear and then thinking it over, you will likely miss it. Contact The Engel Team directly for current availability and off-market opportunities.

Recently Sold at Mallard’s Landing

MLS data shows three recorded condominium sales at Mallard’s Landing. Closed prices ranged from $260,000 to $307,000, with a median sale price of $275,000. Every recorded unit was a 2-bedroom, 2-bathroom flat at 1,196 square feet, putting the median price per square foot at approximately $230. The most recent sale, Unit C2, closed in September 2022 at $275,000. Unit AA6 closed in July 2021 at $307,000, the high point in the data set. The earliest recorded sale, Unit B5, closed in June 2015 at $260,000. The three-sale sample is thin, and the most recent transaction is now nearly three years old. Buyers should not use these figures as current market pricing without additional verification. The Norwalk market saw median sale prices decline 6.9% in the first half of 2025, and that pressure applies across condo segments. A current comparative market analysis from The Engel Team will give you a more reliable pricing baseline than the MLS history alone.

About Mallard’s Landing

Mallard’s Landing sits at 97 Richards Avenue in Norwalk, CT, on the Long Island Sound. That waterfront position is the defining fact about this property. The complex was built in 1988, contains 120 units, and is structured as a mid-rise building, not a series of townhouses. The setting distinguishes it from the majority of Norwalk condo inventory, which sits inland and at higher price points. At $275,000 median, Mallard’s Landing offers waterfront access at a fraction of what comparable exposure costs elsewhere in Fairfield County. Metro North is accessible from Norwalk, making this a realistic option for buyers who commute and want to come home to a water view without paying a coastal premium. The combination of location, price point, and a consistent 2-bedroom, 2-bathroom unit layout has kept the building attractive to a steady buyer base for more than three decades.

Homes and Layouts at Mallard’s Landing

Every recorded sale at Mallard’s Landing has been a 2-bedroom, 2-bathroom unit at 1,196 square feet. The building is mid-rise in style, meaning units are accessed by corridor rather than private entry. That distinction matters for buyers who are comparing Mallard’s Landing to townhouse-style complexes in Norwalk. You are buying a flat, not a vertical unit. Assigned parking is included, which removes one of the common friction points in mid-rise condo ownership. The building offers a pool and a park, which are the two confirmed on-site amenities. Water views are a feature of the complex’s position on the Sound. Individual units will vary in condition and finish depending on renovation history. The 1,196-square-foot floor plan is consistent across recorded sales, but buyers should verify the exact layout of any specific unit before making assumptions about configuration.

What Buyers Need to Know

The HOA fee at Mallard’s Landing is $390 per month. Annual property taxes on recent sales ranged from $4,042 to $4,226, with the most current figure at $4,076 per year. Those carrying costs are low relative to comparable Norwalk inventory, but buyers should examine what the $390 monthly fee covers before assuming it is comprehensive. Reserve fund health is the most important number in a mid-rise building built in 1988. A 35-year-old structure will have had at least one cycle of major capital expenditure on roofing, mechanical systems, or exterior work. Request the reserve study, the most recent reserve fund balance, and any history of special assessments. A healthy reserve fund means future costs are already accounted for. A thin one means an assessment is likely.

Because the complex sits on the Long Island Sound, flood zone status is a required disclosure item, not an optional one. Buyers must confirm the FEMA flood zone designation for their specific unit and building position. Flood insurance may be required by a lender, and the annual premium should be factored into total carrying cost alongside the HOA fee and property taxes. Shoreline exposure also affects building maintenance cycles, particularly for exterior surfaces, windows, and common areas. Ask what the association’s maintenance schedule looks like for weather-exposed elements.

Resale potential at Mallard’s Landing is tied directly to the complex’s waterfront position and price point. The resale package you receive from the association before closing will include meeting minutes, financial statements, rules and regulations, and any pending litigation. Review it carefully. Renovation variation between units is real in a building of this age. A unit that has been updated commands a different price than one that has not, and the 1,196-square-foot floor plan leaves little room for the kind of renovation that dramatically changes value. Know what you are buying at the unit level, not just the complex level. Buyers should also confirm rental rules and owner-occupancy ratios if financing, since many lenders require a minimum percentage of owner-occupied units in a condominium building.

For more on available Norwalk homes for sale across all property types, The Engel Team can provide current market context alongside any Mallard’s Landing analysis.

Buying or Selling at Mallard’s Landing

Three MLS sales over a decade is a thin comp set. That is not a criticism of the complex. It reflects how rarely these units trade. For buyers, thin sales history means pricing is harder to anchor, and a CMA from an agent who knows the Norwalk waterfront condo market will matter more than in a building with 20 recent transactions. For sellers, the same data scarcity works in your favor if you price and present correctly. There is no ceiling established by recent sales, and a well-prepared unit in good condition can push well above the $275,000 median.

The Engel Team tracks Norwalk condo inventory actively, including units at Mallard’s Landing that may not yet be publicly listed. If you are a buyer waiting for the right unit, we can monitor for you. If you are a seller considering timing, we can provide a current valuation and walk you through what the 2025 Norwalk market actually looks like at this price point. Contact The Engel Team to start that conversation.