The Pines Condos in Shelton, CT

Address: 54 Myrtle, Shelton, CT
Total Units: 11
Year Built: 1990–1992
Building Style: Townhouse
Bedrooms: 2–3
MLS Price Range (verified sales): $195,000–$400,000
Median Sale Price: $315,000
HOA Fee: $240/month
Property Tax: approximately $5,852/year

The Pines Condos for Sale

The Pines has 11 units total. At that scale, turnover is genuinely infrequent. A unit can sit off the market for a year or more, then two appear in the same quarter. If you are tracking this complex, availability changes quickly and waiting for a Zillow alert is not a reliable strategy. The Engel Team monitors Shelton CT condos including off-market activity at small complexes like The Pines. Contact the team directly to get notified when a unit becomes available before it hits the public MLS.

Recently Sold at The Pines

MLS data shows 8 verified sales at The Pines. Closed prices ranged from $195,000 to $400,000, with a median sale price of $315,000. Unit sizes ran from 1,050 to 1,580 square feet, producing a median price per square foot of approximately $244/SF.

The two-bedroom, two-bath units at roughly 1,050 square feet have traded between $195,000 and $320,000. The larger three-bedroom, three-bath units at 1,580 square feet sold between $330,000 and $400,000. The $400,000 sale in September 2020 for Unit 2 represents the high-water mark in the dataset, and it came with the largest footprint in the complex.

With only 8 sales across the full history, comps are thin by any standard. Buyers and sellers at The Pines should be careful about using price-per-square-foot averages as a hard benchmark. Unit condition, renovation level, and floor position carry more weight here than they would in a 100-unit complex. Have a broker who knows this specific building run the analysis, not just the town-wide condo average.

About The Pines

The Pines is a small condominium community at 54 Myrtle in Shelton, built between 1990 and 1992. With 11 units total, it is one of the more modestly scaled townhouse-style complexes in the Shelton CT real estate market. The scale matters for buyers: a smaller association means fewer neighbors, but also means that financial decisions, maintenance votes, and reserve funding fall on a narrower ownership base. Construction from the early 1990s places it in a period of solid but conventional residential building quality, and buyers should expect to evaluate mechanical systems and cosmetic updates on a unit-by-unit basis. The setting on Myrtle puts residents within reach of Route 8 and Route 34, which are Shelton’s primary commuter arteries. The complex is not waterfront and carries no flood zone designation based on its location.

Homes and Layouts at The Pines

The Pines offers two distinct unit types based on the verified sales record. The smaller configuration is a two-bedroom, two-bath layout at approximately 1,050 to 1,235 square feet. The larger configuration is a three-bedroom, three-bath layout at approximately 1,580 square feet. Both are built as townhouses, meaning a vertical multi-floor layout rather than a single-level flat. Townhouse-style units at this scale typically include private entry, a ground-floor living area, and bedrooms on an upper floor. Parking arrangements for a 1990s-era small complex of this type generally include assigned exterior parking; buyers should confirm the specific allocation for any unit under consideration. Outdoor space, if included, would be limited to a patio or small deck area, which should be verified in the unit documents prior to offer.

What Buyers Need to Know

The current HOA fee is $240 per month, which is modest by Shelton condominium standards. That low fee warrants a direct question: what does it cover, and what is the reserve fund balance? An 11-unit association has limited capacity to absorb a major capital expense, such as roof replacement or parking lot resurfacing, without levying a special assessment. Buyers should request the most recent reserve study, the current reserve fund balance, and the last two years of meeting minutes before making an offer. Any deferred maintenance items or planned capital projects should be identified and priced into the offer.

Property taxes run approximately $5,852 per year for the standard two-bedroom units, consistent across recent sales. The three-bedroom units carry a higher assessed value and have taxed closer to $6,664 per year in verified sales records.

Renovation variation between units is a real factor here. The sales history shows a spread of more than $200,000 between the lowest and highest closed prices. Some of that gap reflects unit size, but not all of it. A renovated kitchen and updated baths in a 1,050-square-foot unit can push the price well above a dated unit of the same size. Buyers should walk multiple units when possible before anchoring to a single comparable.

Resale potential at The Pines is reasonable given the price point and the broader Shelton market trajectory. Shelton’s median sold price reached approximately $537,500 in early 2026, and months of inventory sat near 1.0, indicating tight supply across all housing types. A two-bedroom condominium at The Pines sits well below that median, which positions it for consistent buyer demand from first-time purchasers and downsizers who want a townhouse layout without a single-family price tag. The resale package, including the declaration, bylaws, and budget, should be reviewed by a real estate attorney before closing. Rental rules and owner-occupancy ratios are not publicly available for this complex and must be confirmed directly with the association or its management contact. Pet policy should also be verified in writing before purchase.

Buying or Selling at The Pines

Small complexes require more precise valuation than large ones. With 8 total sales over several years, there is no deep pool of direct comps. Pricing a unit here without knowing the condition differences between sold units, or without understanding where the current market has moved relative to a 2020 or 2021 data point, is a real risk for both buyers and sellers.

The Engel Team covers Shelton homes for sale across all property types, including small condo associations with limited public sales history. For sellers, that means a valuation built on the right data set, not just an automated estimate that pulls from mismatched comps. For buyers, it means understanding what a fair offer looks like at a complex where the last verified sale is more than two years old.

If you are considering a purchase at The Pines or thinking about listing your unit, contact The Engel Team at Douglas Elliman for a current valuation and a review of the association documents. Off-market inquiries for small complexes like this one are common, and being positioned ahead of the public listing gives buyers a genuine advantage in a market with inventory this thin.