The Falls Condos for Sale

The Falls is a 26-unit gated community in Norwalk, and units here do not come to market on any predictable schedule. Seven verified MLS sales span roughly seven years, which tells you that turnover is low and buyers who find one available should move with a clear understanding of value. No active listings are verified at this time. If you are tracking The Falls specifically, availability changes quickly and off-market awareness matters. Contact The Engel Team’s Norwalk real estate practice directly to get ahead of new inventory before it hits the public MLS.

Recently Sold at The Falls

Seven MLS sales at The Falls provide a usable pricing baseline. Closed prices ranged from $550,000 to $926,300, with a verified median of $710,000. Unit sizes ran from 3,109 to 3,978 square feet. The median price per square foot across those sales was approximately $218/SF.

The most recent sales showed the strongest pricing. Unit 203 closed at $926,300 in August 2022, a 3-bed, 5-bath layout at 3,109 square feet, making it the highest price per square foot in the data set at roughly $298/SF. Unit 301 sold the following month for $900,000 at 3,978 square feet, a 3-bed, 3-bath configuration. Unit 101 closed at $810,000 in January 2022, also a 3-bed unit at 3,493 square feet.

Earlier sales give context for how the market moved. Unit 202 and Unit 201 both closed at $710,000 in 2020 and 2021 respectively, both three-bedroom layouts above 3,200 square feet. Unit 206 sold for $570,000 in late 2018, and Unit 408 closed at $550,000 in 2015. The trajectory is clear: prices at The Falls moved up materially between 2015 and 2022.

HOA fees in the sales data ran from $500 to $600 per month. Annual property taxes across those seven transactions ranged from $7,735 to $10,357.

Unit	Date	Price	Bed/Bath	SqFt	HOA/mo	Tax/yr
301	09/14/2022	$900,000	3/3	3,978	$600	$8,269
203	08/01/2022	$926,300	3/5	3,109	$600	$9,999
101	01/07/2022	$810,000	3/4	3,493	$600	$7,735
202	06/29/2021	$710,000	3/4	3,258	$600	$8,931
201	11/13/2020	$710,000	2/3	3,480	$525	$9,442
206	12/21/2018	$570,000	3/4	3,792	$500	$10,357
408	06/26/2015	$550,000	3/3	3,351	data not available	$10,006

About The Falls

The Falls sits at 301 Silver Creek in Norwalk, CT, a gated condominium community of 26 homes built across a development window that ran from 1984 to 2008. That extended build period matters. It means not all units are the same age, and buyers should confirm which phase any specific unit belongs to. The complex includes a pond, a pool, and a shared clubhouse, amenities that support a low-maintenance ownership model. The setting includes river views, and the gated entry sets it apart from most of what Norwalk’s broader condo inventory offers at this price point. The Falls is not a high-rise or a converted building. It is a purpose-built, detached-unit community with the privacy profile of a single-family neighborhood inside an association structure.

Homes and Layouts at The Falls

Units at The Falls are single family detached homes built in a townhouse style, ranging from two to four bedrooms. The MLS sales record shows that three-bedroom, multi-bath configurations have made up the majority of transactions. Square footage in verified sales ranged from 3,109 to 3,978 square feet, making these among the larger units available in Norwalk’s condominium market at this price level. At 3,100 to 4,000 square feet, these are not compact condos. Buyers coming from single-family homes will find the square footage competitive. Exact floor plans and unit-specific layouts should be requested directly from the listing agent or the association, as the 1984 to 2008 build window means unit finishes and configurations vary.

What Buyers Need to Know

The current HOA fee is $600 per month. Before submitting an offer, buyers should request the full reserve study, the past 24 months of meeting minutes, and the current operating budget. With units built as early as 1984, building systems, roofs, and exterior components on the older phase units may be approaching or past typical replacement cycles. A special assessment history is worth requesting explicitly, not just the current budget.

Property taxes across the seven verified sales ranged from $7,735 to $10,357 annually, so buyers should confirm the current mill rate and the specific assessed value for any unit under consideration rather than relying on neighboring unit tax figures.

The gated, detached structure of The Falls means that the association’s insurance policy may cover common areas and the exterior envelope differently than a standard condominium building. Buyers should have their attorney review what the master policy covers and what individual unit owners must insure independently.

Rental restrictions, pet policies, and owner-occupancy ratios should all be confirmed in the resale package before going under contract. The resale package and condominium documents are required reading, not optional. Renovation variation between units built in 1984 and those built closer to 2008 is meaningful and should be factored into any offer price. A unit with original 1984 finishes is not the same product as a fully updated 2006-phase unit, even if they share the same floor plan. Resale value here is directly tied to unit condition and the association’s long-term capital position.

The pond and the river view are assets, but buyers at any water-adjacent property in Norwalk should confirm the flood zone designation for their specific unit and get an insurance quote before committing. Flood zone status affects both insurability and lender requirements.

Buying or Selling at The Falls

Pricing a unit at The Falls is not straightforward. Seven sales over seven years is a thin comp set, and the spread from $550,000 to $926,300 reflects genuine variation in unit condition, phase, and size rather than just market movement. A buyer who overpays relative to condition and phase has limited upside. A seller who underprices relative to the 2022 high-water mark leaves real money behind.

The Engel Team tracks Norwalk homes for sale across all property types and maintains visibility into off-market activity that does not show up in an MLS search. For buyers, that means early notification when a Falls unit becomes available. For sellers, it means a pricing strategy built on the actual comp set, not a generic Norwalk median. The Norwalk market has shown softness in recent months, which creates both risk for sellers who price without precision and opportunity for buyers who know where the value floor sits.

If you own at The Falls and are considering a sale, or if you want to be notified the next time a unit comes to market, reach out to The Engel Team for a direct conversation about current value and strategy.

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