Park Slope Condos in New Canaan, CT

Opening Overview

Four verified MLS sales at Park Slope have closed between 2022 and late 2025, with prices ranging from $1,501,000 to $2,420,000 and a median of $2,397,500. That range tells you something important: condition and square footage move the needle here more than at a larger complex where comparable units trade within a tighter band. With only 13 units total, every sale is a significant data point, and buyers should treat each one carefully rather than averaging them into a false sense of precision. If you are browsing New Canaan CT condos, Park Slope sits at the upper end of the condominium market in town, well above the New Canaan-wide median of $2,080,000 for all property types.

Park Slope Condos for Sale

With 13 units and a turnover rate that amounts to roughly one or two sales per year in an active stretch, Park Slope does not have a deep pool of available inventory at any given moment. No active listings are verified at time of writing. Availability at a complex this size changes quickly, and units here do not sit. If Park Slope is on your list, contact The Engel Team directly. Off-market awareness matters at a 13-unit complex more than at almost any other property type in New Canaan.

Recently Sold at Park Slope

MLS data shows four closed sales at Park Slope. Here is what the record shows:

The three most recent sales, all closing between late 2024 and late 2025, landed within a tight $25,000 range despite meaningful differences in square footage and bath count. Unit 213 closed at $2,395,000 with 3,139 square feet, while Unit 217 closed at $2,420,000 with only 2,189 square feet. That gap in price-per-square-foot, roughly $764/SF versus $1,105/SF, reflects how heavily buyers are weighing factors beyond raw size. Layout, finish level, and outdoor space are doing real work in this pricing. The median price per square foot across all four sales was approximately $906/SF. The 2022 sale at $1,501,000 sits well below the 2024–2025 cluster and should not be used as a current comp without adjustment for market movement over that period.

About Park Slope

Park Slope is a small condominium community at 197 Park in New Canaan, CT, built across a span from 1981 to 2002. Thirteen units total. That construction window is longer than most buyers expect, which means individual units within the community can vary meaningfully in their systems, finishes, and overall condition depending on when they were built and how they have been maintained since. The address places residents close to Irwin Park, which offers passive recreation and open space without the commercial density of New Canaan’s town center. As a condominium development in a town where the residential fabric skews heavily toward single-family homes on larger lots, Park Slope occupies a specific and limited niche.

Homes and Layouts at Park Slope

Units at Park Slope are townhouse-style, running three and four bedrooms with three or four baths depending on the specific unit. Square footage across the four verified sales ranged from 2,189 to 3,139 square feet, which is a significant spread for 13 units. Buyers should not assume that all units within Park Slope are configured similarly. The vertical townhouse layout means living space is distributed across multiple floors, which suits buyers who do not need single-level living but want more privacy and separation between rooms than a flat-style condominium provides. Given that every property in this area carries some version of a garden, outdoor space at the unit level is worth asking about specifically, as landscaping and seasonal planting are part of what this market expects at this price point.

What Buyers Need to Know

HOA fees across the four verified sales ranged from $603 to $837 per month, with the current average running approximately $733/month. Annual property taxes ranged from $14,697 to $22,079, averaging roughly $19,596. That tax variation across units in the same complex is worth flagging: buyers should pull the exact tax card for any unit they are considering rather than assuming a community average applies.

Park Slope was built between 1981 and 2002, which means some units are now over 40 years old. For a building of this age, reserve fund health is the first question. Ask for the most recent reserve study and confirm whether the association is fully funded. A community of 13 units has limited capacity to absorb a large special assessment across fewer owners than a 50- or 100-unit complex, so any deferred maintenance item becomes proportionally more expensive per unit. Buyers should also request a history of special assessments going back at least ten years.

Building systems including roofs, mechanicals, and common-area infrastructure should be inspected carefully for units at the older end of the construction range. Renovation variation between units is real here, given the long build-out period, and buyers should not assume that a recently renovated unit reflects the condition of units that have not been updated. Confirm what the association covers structurally versus what individual owners carry.

Rental restrictions, pet policy, and owner-occupancy ratio should all be requested from the association before making an offer. At a complex this small, a high investor-ownership ratio affects financing options and resale dynamics. Lenders underwriting a purchase at a 13-unit complex will scrutinize owner-occupancy carefully. Ask for the resale package and certificate early in your due diligence timeline.

Buying or Selling at Park Slope

Pricing a unit at Park Slope accurately requires more judgment than at a larger complex. Four sales over several years is a thin comp set. The spread from $1,501,000 to $2,420,000 is not random noise: it reflects real differences in square footage, condition, finish, and timing. A seller who prices against the wrong comp leaves money on the table or sits unsold. A buyer who overpays against a thin market does not have many resale comps to protect them.

The Engel Team tracks New Canaan homes for sale across all property types and maintains awareness of off-market activity at small complexes like Park Slope where public listing data alone does not tell the full story. Whether you are evaluating a purchase, monitoring for an opportunity, or preparing a unit for sale, contact The Engel Team for a current valuation and strategy specific to this complex.

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