Terra Nova turns over slowly. Fifty-four units, a gated setting close to downtown Westport, townhouse footprints averaging 3,000-plus square feet — that combination does not produce a steady stream of listings. When a unit does come available, it tends to move. Buyers who are serious about this complex should not wait for a listing to appear on Zillow before reaching out. The most useful thing you can do is get on the radar early. Westport CT condos at this price point and size rarely sit, and Terra Nova’s gated format gives it a distinct position in a market where most condominium inventory is either older or smaller. Contact The Engel Team directly to monitor availability and get advance notice when a unit is preparing to list.
MLS records show 22 verified sales at Terra Nova. Closed prices ranged from $925,000 to $1,475,000, with a median sale price of $1,200,000. Unit sizes across those transactions ranged from 2,992 to 3,761 square feet, and the median price per square foot worked out to approximately $371. The sales history below gives buyers a reliable baseline for understanding where this complex has priced historically.
| Unit | Date | Price | Bed/Bath | SqFt | HOA/mo | Tax/yr |
|---|---|---|---|---|---|---|
| 12/19/2022 | $1,350,000 | 2/4 | 2,992 | $1,035 | $12,739 | |
| 80 | 12/13/2022 | $1,475,000 | 3/4 | 3,237 | $1,035 | $12,148 |
| 17 | 08/17/2022 | $1,325,000 | 3/3 | 2,992 | $1,035 | $12,123 |
| 3 | 01/20/2022 | $1,148,000 | 3/3 | 3,258 | $1,000 | $11,962 |
| 20 | 10/01/2021 | $1,300,000 | 3/3 | 3,761 | $1,010 | $13,901 |
| 9 | 10/01/2021 | $1,270,000 | 3/3 | 3,182 | $1,010 | $12,880 |
| 64 | 09/30/2021 | $1,400,000 | 3/3 | 3,281 | $1,010 | $12,620 |
| 69 | 08/19/2021 | $1,225,000 | 3/3 | 3,237 | $1,010 | $12,148 |
| 2 | 01/06/2021 | $1,125,000 | 3/3 | 3,543 | $985 | $12,599 |
| 10/16/2020 | $925,000 | 3/3 | 3,005 | $985 | $12,402 | |
| 44 | 12/23/2019 | $1,075,000 | 3/3 | 3,236 | $950 | $12,792 |
| 32 | 12/06/2019 | $1,250,000 | 3/3 | 3,354 | $950 | $13,515 |
| 19 | 12/03/2019 | $1,025,000 | 3/3 | 3,078 | $950 | $12,190 |
| 3 | 12/10/2018 | $950,000 | 3/3 | 3,255 | $925 | $12,411 |
| 11 | 07/16/2018 | $975,000 | 2/3 | 3,298 | $10,175 | |
| 44 | 04/19/2018 | $1,200,000 | 3/3 | 3,236 | $12,652 | |
| 10 | 03/21/2018 | $1,065,000 | 3/3 | 3,407 | $12,513 | |
| 52 | 10/24/2017 | $1,300,000 | 3/3 | 3,260 | $13,264 | |
| 58 | 05/01/2017 | $1,150,000 | 2/3 | 3,082 | $10,887 | |
| 64 | 05/01/2017 | $1,235,000 | 3/3 | 3,281 | $12,620 | |
| 32 | 05/23/2016 | $1,100,000 | 3/3 | 3,237 | $10,970 | |
| 54 | 08/28/2015 | $1,200,000 | 3/4 | 3,237 | $11,652 |
One pattern worth noting: the three-bedroom, three-bath units have been the most consistent sellers, and prices moved decisively upward between 2020 and late 2022. Buyers using this table as a comp baseline should account for the gap between the most recent closed sale and today’s market conditions in Westport CT real estate.
Terra Nova sits at 5 Terra Nova in Westport, within easy reach of the downtown core. The community was built in 2004-2006, which puts it among the newer condominium developments in a town where much of the attached-housing inventory is considerably older. The complex holds 54 units total, all built in a townhouse format within a gated perimeter. That combination — gated access, townhouse construction, and proximity to downtown Westport — is not something buyers find at most other complexes in this market. The community includes a pool, golf, a clubhouse, a park, and garage parking. The gated entry adds a layer of privacy that buyers coming from single-family homes tend to appreciate, and the townhouse format means residents are not sharing floors with neighbors above or below.
Terra Nova units come in two and three-bedroom configurations with two, three, or four bathrooms depending on the specific unit. Square footage across verified sales has ranged from 2,992 to 3,761 square feet — generous by any condominium standard, and closer in scale to a single-family home than to a typical attached unit. The townhouse format means the living space runs vertically across multiple floors, with private entry rather than a shared lobby. Garage parking is included. The variation in square footage across units is real: a 2,992-square-foot unit and a 3,761-square-foot unit are not interchangeable, and buyers should confirm exact square footage, floor plan, and any finish upgrades directly. Individual units have been updated to different degrees since original construction, so condition and finish level vary meaningfully within the complex.
The current HOA fee runs approximately $1,005 per month. That figure covers standard association maintenance, and buyers should request the current budget, reserve study, and any pending or recent special assessments before going to contract. Terra Nova was completed in 2004-2006, so the building systems are mature enough to require attention in some units but not yet at the stage where major capital expenditures are unavoidable across the board. Reserves deserve a close look regardless. Property taxes have run between roughly $10,000 and $14,000 annually across verified sales, with $12,462 as the current typical figure. Buyers should confirm their specific unit’s assessed value with the town directly.
Pets are welcome at Terra Nova. Buyers with dogs or cats do not need to navigate a restrictive pet policy here. Rental rules, owner-occupancy ratio, and any restrictions on short-term rentals should be confirmed in the association documents. Financing eligibility can depend on the owner-occupancy ratio, so buyers using conventional financing should ask their lender to review the complex before submitting an offer.
The resale package — the full set of association documents provided to buyers — should include the budget, reserve study, meeting minutes from at least the past two years, bylaws, and any pending litigation. Resale value at Terra Nova has held reasonably well across its sales history, with the median closing at $1,200,000 and the top of the range reaching $1,475,000 as recently as December 2022. Buyers considering Terra Nova as a long-term hold have a meaningful comp history to work from. Those buying with a shorter time horizon should understand that a 54-unit gated community with low turnover produces thin comparables, which can complicate pricing in either direction.
Terra Nova is a specific asset in a specific market, and pricing it correctly requires more than pulling the last three sales. The sales history here spans several years, unit conditions vary, and the gated townhouse format does not translate directly to single-family comps or to smaller attached-unit complexes elsewhere in Westport homes for sale. The Engel Team works this market directly and can provide a current valuation, off-market monitoring for buyers, or a full listing strategy for sellers considering a move.
If you own at Terra Nova and are thinking about selling, the right pricing conversation starts with your specific unit, not the complex average. Floor plan, finish level, square footage, and any updates since original construction all affect where your unit prices relative to the sales history above. If you are a buyer, the combination of gated access, garage parking, and townhouse-scale square footage at this price point is genuinely unusual in Westport. Contact The Engel Team to get current availability, discuss recent activity, and get an honest read on where this complex sits today.
© 2025 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. 
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