Old Greenwich Gables Greenwich CT
| Address | 51 Forest, Old Greenwich, CT |
| Total Units | 167 |
| Year Built | 1990 – 2010 |
| Unit Style | Ranch, Gated Community |
| Bedrooms | 1, 2, 3, 4 |
| Median Sale Price | $900,000 (MLS verified, 37 sales) |
| HOA Fee | From approximately $642/month |
| Property Tax | From approximately $3,525/year |
| Amenities | Pool, Health Club, Clubhouse |
Old Greenwich Gables Condos for Sale
Turnover at Old Greenwich Gables runs slow. With 167 units in a gated ranch-style community on 51 Forest in Old Greenwich, the complex does not produce a steady stream of listings. When units do come to market, they move. The combination of a gated setting, single-level ranch layouts, and a location in one of the most supply-constrained pockets of Greenwich CT real estate keeps demand consistent even when inventory is thin. No active listings are verified at the time of this writing. Availability changes quickly here, and waiting for a public listing often means missing the unit. Contact The Engel Team directly to monitor availability and get ahead of units before they hit the open market.
Recently Sold at Old Greenwich Gables
MLS records show 37 verified sales at Old Greenwich Gables. Closed prices ranged from $569,000 to $1,635,000, with a median sale price of $900,000. Unit sizes ran from 820 to 3,614 square feet, and the median price per square foot landed at approximately $577/SF. That spread reflects how dramatically layout and size vary within the same complex.
The three most recent sales tell a sharper story. APT 125 closed at $1,635,000 in September 2025, a 3-bedroom, 3-bath unit at 1,821 square feet. APT 33 closed at $1,550,000 in March 2025 at 2,271 square feet. APT 44 sold for $1,355,000 in June 2025 at 1,511 square feet. All three were 3-bedroom or larger configurations. For comparison, a 1-bedroom unit at 997 square feet (APT 166) closed at $780,000 in late 2023. The largest recorded sale in the dataset, APT 115 at 3,614 square feet, closed at $1,400,000 in 2017 – a price that has since been exceeded by units half that size, which tells you something about how this market has moved.
HOA fees in the sales data ranged from $571/month to $1,477/month, correlating closely with unit size. Property taxes tracked similarly, from $3,525/year on the smallest units to over $12,000/year on the largest. Buyers should pull specific figures for any unit they are evaluating rather than relying on the complex-wide averages.
| Unit | Date | Price | Bed/Bath | SqFt | HOA/mo | Tax/yr |
|---|---|---|---|---|---|---|
| APT 125 | 09/30/2025 | $1,635,000 | 3/3 | 1,821 | $1,457 | $8,009 |
| APT 44 | 06/10/2025 | $1,355,000 | 2/3 | 1,511 | $1,215 | $7,534 |
| APT 33 | 03/25/2025 | $1,550,000 | 3/3 | 2,271 | $1,458 | $8,393 |
| 156 | 06/07/2024 | $1,060,000 | 2/2 | 1,258 | $1,080 | $5,663 |
| 21 | 05/10/2024 | $1,310,000 | 3/3 | 2,194 | $1,401 | $8,456 |
| 97 | 04/05/2024 | $1,550,000 | 3/4 | 3,313 | $1,477 | $9,876 |
| 44 | 01/31/2024 | $1,175,000 | 2/3 | 1,511 | $1,074 | $6,242 |
| 166 | 10/20/2023 | $780,000 | 1/2 | 997 | $642 | $4,752 |
| 9 | 04/05/2023 | $825,000 | 2/2 | 1,676 | $785 | $6,246 |
| 144 | 12/05/2022 | $690,000 | 2/2 | 943 | $690 | $4,519 |
| 134 | 11/21/2022 | $815,000 | 1/1 | 820 | $658 | $3,525 |
| 87 | 11/08/2022 | $780,000 | 1/2 | 947 | $571 | $4,546 |
| 80 | 10/07/2022 | $805,000 | 1/2 | 1,271 | $698 | $5,241 |
| 104 | 06/30/2022 | $1,575,000 | 4/4 | 2,697 | $1,142 | $9,033 |
| 30 | 03/03/2022 | $1,510,000 | 3/3 | 2,271 | $1,142 | $6,637 |
About Old Greenwich Gables
Old Greenwich Gables sits at 51 Forest in Old Greenwich, which is not the same as the rest of Greenwich. Old Greenwich is a tight beach town within the larger municipality – closer in feel to a New England coastal village than to the back-country estates Greenwich is otherwise known for. The complex itself is a gated community of 167 units developed in phases between 1990 and 2010. That construction window means buyers will encounter some variation in finishes and systems depending on when a specific unit was built. The ranch-style layout distinguishes Old Greenwich Gables from most Greenwich CT condos, which tend toward vertical townhouse formats. Single-floor living in a gated setting at this price point in Old Greenwich is a specific product. There is not much else like it in the immediate area. The complex includes a pool, health club, and clubhouse.
Homes and Layouts at Old Greenwich Gables
The condominium units at Old Greenwich Gables range from 1-bedroom to 4-bedroom configurations, spanning 820 to 3,614 square feet based on verified MLS sales records. The ranch format means no stairs between living levels, which is a functional differentiator for buyers who prioritize single-floor living. Smaller units in the 820- to 1,300-square-foot range have sold in the $569,000 to $830,000 corridor. Mid-size 2-bedroom units cluster between 940 and 1,680 square feet. The larger 3- and 4-bedroom units, some running past 2,200 square feet, have consistently cleared $1.1 million and reached as high as $1,635,000 in the September 2025 sale. Unit 97, a 3,313-square-foot 3-bed/4-bath, and Unit 115 at 3,614 square feet represent the upper end of the size range. Buyers looking at the largest floor plans should verify current finishes and systems, since these units have been in circulation for several years and renovation quality varies considerably across the complex.
What Buyers Need to Know
HOA fees at Old Greenwich Gables are unit-specific. Verified sales show monthly fees ranging from $642 to $1,477, with the fee level tracking closely to unit size. Buyers should request the full resale package before making an offer. That package must include the current reserve fund balance, the most recent reserve study, any history of special assessments, and the association’s budget. A complex built between 1990 and 2010 in phases will have aging infrastructure in its older sections. Roof cycles, HVAC systems, and common area mechanical equipment are the first places to probe. Do not assume a recent renovation inside the unit means the building systems behind the walls are current.
Rental restrictions and owner-occupancy ratios affect both financing options and resale value. Confirm the current percentage of owner-occupied units directly with the association before closing. A low owner-occupancy ratio can disqualify buyers from conventional financing and shrink the pool of eligible purchasers when you eventually sell. Pet policies and renovation approval processes should be confirmed in the governing documents, not assumed. Property taxes in the verified sales range from $3,525 to $12,087 per year depending on unit size – Greenwich applies a tax rate of 12.04 mills, so even modest increases in assessed value will move the annual tax figure meaningfully. Request the current tax card for the specific unit, not just the complex average.
Old Greenwich Gables is not a waterfront complex, but its location in Old Greenwich puts it within the general coastal zone of southern Greenwich. Buyers should confirm flood zone designation for the specific parcel and review current insurance requirements accordingly. Master policy coverage and what it includes – versus what falls to individual unit owners – should be clarified before closing.
Buying or Selling at Old Greenwich Gables
Thirty-seven sales over the complex’s history gives buyers a solid pricing foundation, but comps here require careful selection. A 3-bedroom unit at 1,821 square feet is a very different product than a 3-bedroom at 3,313 square feet, and both have closed near $1.55 million at different points. Raw bedroom count is not a useful comparison tool at Old Greenwich Gables. Square footage, floor plan position, renovation level, and HOA fee structure all drive the real pricing difference between units. Sellers need that analysis done properly before setting a list price. Buyers need it done before submitting an offer.
The Engel Team works directly in the Greenwich homes for sale market and tracks resale activity at Old Greenwich Gables. If you are a buyer looking to monitor off-market availability or need a full comp analysis before making a move, contact us. If you own a unit here and want to understand what it is worth in the current market, we can provide that valuation with full MLS context. Reach out to The Engel Team at Douglas Elliman to get started.
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