Portal Ridge Condos in Greenwich, CT

Address: 140 Field Point Road, Greenwich, CT
Total Units: 30
Year Built: 1973
Bedrooms: 2
Verified Sale Price Range: $535,736 – $708,975
HOA Fee: $580/month
Property Tax: $4,404/year (approximate)

Portal Ridge Condos for Sale

Portal Ridge is a 30-unit condominium complex, and with that size comes a simple reality: units do not come available often. When one does, it does not wait. Buyers watching Greenwich CT condos at this price point know that anything south of $750,000 in this part of town moves before most buyers have finished their first walkthrough. We are not aware of any active listings at Portal Ridge at this time, but availability changes quickly. Contact The Engel Team directly if you want to be notified the moment a unit comes to market, including any off-market opportunities.

Recently Sold at Portal Ridge

MLS records show five sales at Portal Ridge across a multi-year window. Closed prices ranged from $535,736 to $708,975, with a median sale price of $575,000. Units sold were all 2-bedroom, 2-bathroom configurations. Square footage across those sales ranged from 1,155 to 1,226 square feet, producing a median price per square foot of approximately $498. That number reflects the location premium Greenwich commands even at the entry tier of its condominium market.

Five sales is a thin comp set. Pricing a unit here requires careful analysis of condition, floor position, and any updates made since the last sale. Buyers should not assume the 2021 high of $708,975 is the floor for today’s market. Get a current valuation before making any assumptions about where the next unit prices.

About Portal Ridge

Portal Ridge sits at 140 Field Point Road in Greenwich, CT, placing it in close proximity to downtown Greenwich and the Field Point corridor. The complex was built in 1973 and contains 30 units total. For a town where the overall median price sits well north of $3 million across all property types, Portal Ridge represents one of the lower-volume, lower-footprint entry points into Greenwich real estate. At 30 units, this is a small association. That affects everything: how quickly units trade, how decisions get made by the board, and how much you will know about your neighbors. Buyers used to large anonymous complexes will find the dynamics here considerably more personal. That is not a drawback. For buyers who want genuine community in a condominium, smaller associations often perform better over time than sprawling ones.

Homes and Layouts at Portal Ridge

Every verified sale at Portal Ridge involved a 2-bedroom, 2-bathroom configuration. Unit sizes across the five recorded sales ranged from 1,155 to 1,226 square feet. That is a tight band, which suggests the complex has a consistent floor plan rather than a wide mix of unit types. Buyers should confirm whether the specific unit they are considering matches the larger or smaller end of that range, and whether any interior modifications have been made since the last sale. Renovation quality varies unit to unit in buildings of this age, and a kitchen or bath update can justify a meaningful premium over the baseline comp. Parking and outdoor space details should be confirmed directly with the listing agent or association prior to any offer.

What Buyers Need to Know

The HOA fee at Portal Ridge is $580 per month, based on the most recent verified sale data. Property taxes run approximately $4,404 per year, though individual unit assessments vary slightly as reflected in the sales table above. Greenwich applies a tax rate of 12.04 mills, so buyers should confirm the assessed value of any specific unit before closing.

For a building constructed in 1973, reserve funding is the first question any buyer should ask. Buildings of this age require ongoing capital investment in systems like roofing, elevators, plumbing, and common area infrastructure. Request the most recent reserve study and the association’s financial statements. Understand the gap between funded reserves and projected capital needs. A well-run small association can be in excellent shape; a poorly managed one can surprise a new owner with a special assessment within the first few years of ownership.

Resale potential at Portal Ridge depends heavily on unit condition and on how the broader Greenwich CT real estate market moves. Buyers should review the full resale package before going to contract. That package typically includes governing documents, meeting minutes, financial statements, and any pending litigation or special assessments. In a 30-unit association, a single major capital project affects every owner materially. Read the minutes carefully.

Rental and pet policies, owner-occupancy ratios, and any short-term rental restrictions should all be confirmed with the association directly. These details are not standardized and can affect both daily living and future financing options. Some lenders apply stricter underwriting to buildings with low owner-occupancy rates or significant pending assessments.

Buying or Selling at Portal Ridge

With only five recorded sales in the MLS history, valuing a unit at Portal Ridge is not a straightforward comp exercise. Buyers need someone who understands how to price thin-data buildings in a market where the overall median is far above what Portal Ridge trades at. Sellers face the same challenge in reverse: without a recent comp, the asking price either leaves money on the table or sits until it has to be reduced.

The Engel Team works across the full Greenwich homes for sale market, including small condo associations like Portal Ridge where off-market awareness matters as much as active listing strategy. If you are considering a purchase here, we can help you evaluate the comp set, assess the HOA financials, and structure an offer that accounts for the building’s age and the limited sales history. If you are a current owner thinking about selling, we can walk you through what the last sale at $708,975 means for your unit’s position today and what it takes to hit that number or exceed it.

Reach out to The Engel Team for a no-obligation conversation about Portal Ridge. Whether you are buying, selling, or just watching the market, knowing this building well before you need to act is the advantage that most buyers and sellers here never have.

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