Park Tower Condos in Stamford, CT

Address: 1 Broad Street, Stamford, CT
Total Units: 160
Year Built: 2009
Bedrooms: 1, 2, 3, and 4
Verified Price Range: $400,000 to $2,070,000
Median Sale Price: $830,000 (MLS, 41 verified sales)
Median Price Per Square Foot: ~$477/SF
HOA Fee: From approximately $995/month to $3,380/month depending on unit
Property Tax: From approximately $6,263/year to $39,728/year depending on unit

Park Tower Condos for Sale

Availability at Park Tower moves. With 160 units in a high-rise condominium building that consistently attracts buyers who want waterfront proximity, a gated setting, and a walk to the Stamford Metro-North station, turnover here is real but not constant. Active listings come and go quickly, and the most desirable units, particularly the penthouses and larger 3-bedroom configurations, do not sit. If you are tracking Stamford CT condos at this price point, Park Tower warrants a standing alert rather than a periodic check. Contact The Engel Team directly for current availability and off-market intelligence on units that have not yet hit the MLS.

Recently Sold at Park Tower

The MLS shows 41 verified sales at Park Tower. Closed prices ranged from $400,000 to $2,070,000, with a median sale price of $830,000 and a median price per square foot of approximately $477. Unit sizes ran from 1,106 to 3,351 square feet. That is a wide spread, and it reflects the genuine range of product inside this building, from efficient one-bedroom layouts in the low $400s to full penthouse duplex units that have crossed $2,000,000 twice in the verified sales record.

Recent 2025 and 2026 activity tells a consistent story. Unit PH D5 closed at $2,070,000 in August 2025 at 3,048 square feet. PHD2 closed at $2,000,000 in February 2026 at 3,341 square feet. On the lower end, unit 11C closed at $465,000 in April 2025 at 1,106 square feet, and unit 14B closed at $530,000 in May 2025 at 1,112 square feet. Mid-floor two-bedroom units in the 1,530 to 1,684 square foot range have been trading between $660,000 and $915,000 over the past twelve months. Three-bedroom A-line units at 1,825 square feet have consistently closed between $875,000 and $958,000.

About Park Tower

Park Tower is a 160-unit high-rise condominium building at 1 Broad Street in Stamford, completed in 2009. It sits near the shores of Long Island Sound, adjacent to the Stamford Yacht Club, with water views available from upper floors. The building operates as a gated community with elevator access throughout. Its location puts residents within walking distance of the Stamford Metro-North station, which is a practical advantage that shows up directly in pricing relative to other Stamford high-rises that require a drive to the platform. Among Stamford’s newer condominium inventory, Park Tower stands out for combining waterfront proximity, a gated structure, and full-service amenities inside a single building completed post-2005. That combination at 1 Broad Street is not easily replicated elsewhere in the Stamford CT real estate market.

Homes and Layouts at Park Tower

Park Tower offers one-, two-, three-, and four-bedroom units across its 160-unit inventory. Verified sales show unit sizes ranging from 1,106 square feet for one-bedroom layouts up to 3,351 square feet for the largest penthouse configurations. One-bedroom units have sold between approximately 1,106 and 1,112 square feet. Two-bedroom units appear most commonly in the 1,436 to 1,684 square foot range. Three-bedroom standard units are largely concentrated around 1,825 to 1,863 square feet. Combined or penthouse-level units, including combined A-B configurations and full penthouse duplex units, have reached 2,937 to 3,351 square feet. The building is a high-rise with elevator access. The gated setting provides building-level security without a townhouse-style entry. Parking and outdoor amenities, including the pool and park, are part of the complex’s verified amenity set.

What Buyers Need to Know

HOA fees at Park Tower are unit-specific and scale with size. Verified sales show monthly HOA fees ranging from $995 on smaller one-bedroom units to $3,380 on the largest penthouse configurations. The typical mid-floor two-bedroom unit runs between approximately $1,455 and $1,809 per month. Annual property taxes show similar spread, from $6,263 on a lower-floor one-bedroom to $39,728 on the largest penthouse unit sold. Buyers should not use the building median figures without verifying the specific tax record and HOA fee for the unit under consideration, as the variation is substantial.

Because Park Tower sits near Long Island Sound and adjacent to the Stamford Yacht Club, flood zone classification and flood insurance are not optional due diligence items. Buyers should pull the FEMA flood map designation for the specific unit and building, confirm whether the master policy covers flood, and determine whether a separate unit-owner flood policy is required. Waterfront proximity is priced into these units. The insurance cost and any shoreline exposure requirements should be factored into total monthly carrying costs before making an offer.

Park Tower was completed in 2009, which puts the building in its mid-teens. Reserve fund adequacy, the history of special assessments, and the condition of major building systems, including elevators, HVAC, roof, and common area infrastructure, are the right questions to ask now. Request the most recent reserve study and the last two years of meeting minutes before closing. Renovation variation between units is also worth examining. A unit updated since 2020 and one with original 2009 finishes will show very different condition on inspection even at similar square footage. The resale package, including the association’s financial statements and any pending litigation or assessments, is a non-negotiable review item at Park Tower given the HOA fee levels involved.

Buyers considering Park Tower as a rental investment should verify the association’s rental rules directly, including any cap on investor-owned units, minimum lease terms, and subletting restrictions. Owner-occupancy ratio affects both financing options and the long-term character of the building.

Buying or Selling at Park Tower

Pricing a unit at Park Tower correctly requires understanding the floor, the line, the view exposure, and the renovation condition, not just the square footage. A 1,684 square foot two-bedroom on the 9th floor and the same floor plan on the 19th floor with water views have sold $195,000 apart in the verified sales record. That spread is real and it compounds the challenge of pricing without deep comparable analysis specific to this building.

The Engel Team tracks Stamford CT homes for sale across all property types, including Park Tower specifically. For sellers, that means a valuation grounded in unit-level comparables, not building medians. For buyers, it means knowing when a unit is priced for the view it has or the view it is pretending to have. If you are considering a purchase or a sale at 1 Broad Street, contact The Engel Team for a current market analysis and a direct conversation about what the unit is actually worth in today’s market.

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