The Elms Condos in Ridgefield, CT

The Elms Condos for Sale

The Elms has 16 units total, and they do not come available often. With only 12 recorded MLS sales across the complex’s history, average turnover at any given time is thin. If you are tracking this building, availability changes quickly, and waiting for a Zillow alert is not a reliable strategy. The Engel Team monitors Ridgefield CT condos actively, including off-market movement at buildings like The Elms. Reach out directly if you want to know what is currently available or likely to move.

Recently Sold at The Elms

MLS records show 12 sales at The Elms. Closed prices ranged from $695,000 to $1,995,000, with a median sale price of $980,000. Unit sizes ran from 1,550 to 3,850 square feet, and the median price per square foot across those sales was approximately $476/SF. That spread reflects the significant difference between the smaller 2-bedroom apartments and the larger 3-bedroom townhouse-style units.

The most recent recorded sale, APT 3 in March 2026, closed at $1,005,000 for a 1,648 square foot 2-bedroom/2-bath unit, with an HOA of $900/month and annual taxes of $16,169. That same floor plan sold in February 2023 for $845,000 and in September 2020 for $695,000, a clear appreciation trajectory on identical square footage. At the upper end, Unit 6 sold in June 2023 for $1,995,000 with 3,850 square feet and 3 bedrooms and 5 baths. Unit 5 sold in April 2017 for $1,860,000 at the same square footage, and Unit 4 closed in May 2016 for $1,815,700 also at 3,800 square feet. The larger units have consistently held prices above $1.3M, with the top-floor and end-unit configurations commanding premiums.

Note: Several tax entries in MLS records appear to be placeholder values. Buyers should verify current annual tax obligations directly with the Town of Ridgefield assessor before closing.

About The Elms

The Elms sits at 500 Main Street, which puts it squarely in the center of Ridgefield’s historic downtown corridor. The year built range, 1740 through 2019, tells you immediately that this is not a standard condominium development. The complex incorporates structures of genuine historical age alongside more recent construction, a mix that gives it a character unusual for a 16-unit community. Walking distance to Aldrich Contemporary Art Museum, the Ridgefield Playhouse, and Ballard Park is not a marketing phrase here, it is a literal description of the location. Main Street Ridgefield is Ridgefield’s genuine center of gravity, and The Elms is on it. That positioning is what distinguishes this address from every other Ridgefield CT real estate option at a comparable price point. Pets are allowed.

Homes and Layouts at The Elms

The complex offers 2-bedroom and 3-bedroom units across a mix of apartment-style and townhouse and single-family detached configurations. Square footage ranges from approximately 1,550 to 3,850 square feet based on MLS sales history, which is an unusually wide range for a 16-unit building. The smaller units, the 1,550–1,648 square foot 2-bedroom/2-bath configurations, have transacted multiple times, giving buyers reliable comp data. The larger 3-bedroom units, some with 4 or 5 baths and running nearly 3,800 square feet, have sold in the $1.3M–$2M range and are a different product entirely. Garage parking is available at the complex. Given the building’s historic footprint and the construction timeline spanning from 1740 to 2019, buyers should expect meaningful variation in layouts, ceiling heights, storage, and finishes between units.

What Buyers Need to Know

HOA fees recorded across MLS sales ranged from $514 to $933 per month depending on unit. Those figures shift over time, and any buyer should request current fee schedules directly from the association. The gap between the lowest and highest HOA recorded suggests that fees are likely unit-specific rather than uniform across the building. Buyers should also request the most recent reserve fund study and the association’s operating budget. A building with structures dating to 1740 carries real capital needs, and the reserve position matters more here than in a newer complex.

The tax data in MLS records includes several entries that appear to be system placeholders rather than actual figures. Do not rely on the tax figures in the sales table above for budgeting. Verify current assessed value and annual tax obligation through the Ridgefield town assessor directly.

Pets are permitted at The Elms. Buyers with dogs or cats should confirm any weight or breed restrictions in the current association rules, as policies can be amended between sales. Before submitting an offer, request the full resale package, which typically includes financial statements, meeting minutes, any pending special assessments, current rules and regulations, and the master insurance certificate. Given the building’s age and construction mix, the master policy’s coverage scope, specifically whether it covers original building components or only the structure from the studs out, is worth clarifying before closing. Renovation variation between units is likely significant given the age range of construction; buyers should budget accordingly for any unit that has not been recently updated.

Rental policies and owner-occupancy ratios were not available in MLS data. If financing with a conventional loan, confirm with your lender that the owner-occupancy ratio meets underwriting requirements before waiving contingencies. For Ridgefield homes for sale in this price range, The Elms competes with single-family options, so buyers comparing formats should factor in HOA costs as an offset against deferred maintenance responsibility.

Buying or Selling at The Elms

Pricing a unit at The Elms correctly requires understanding which tier of the building you are in. The 2-bedroom apartment-style units and the large 3-bedroom detached configurations are not the same market, and treating the building’s overall median as a single benchmark will produce a bad number in either direction. The Engel Team has worked across Ridgefield’s condo market and can provide a unit-specific valuation based on the actual comparable sales at this address, not a broad zip-code average.

For sellers, the location at 500 Main Street is the strongest asset in the pitch. There is no other condo address in Ridgefield with this combination of historic character, walkability, and proximity to the Aldrich and the Playhouse. Presenting that correctly to buyers who are cross-shopping single-family homes in the same price range is a specific strategic task, not a generic listing exercise.

For buyers, units at The Elms rarely appear and do not wait long when they do. If this building is on your list, contact The Engel Team directly. We track off-market activity and can tell you what is likely to move before it hits the MLS.

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