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Downtown New London Condo for Sale

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    $399,000

    • 3 Beds
    • 2 Baths
    • 1,640 Sq Ft

    461 Bank St Unit 501, New London, CT 06320

    The best of city living and waterfront charm in this impeccably maintained 3 bed, 2 full bath condo on the fifth floor of the luxurious Harbor Towers building in downtown New London. Enjoy water views from every single window and hardwood floors throughout. Open concept kitchen/dining/living room with gas fireplace and leading to a private balcony overlooking the pool and the Thames River.

    Geoff Gordon Compass Connecticut, LLC

    461 Bank St Unit 501, New London, CT 06320

Why Live in Downtown New London

Downtown New London is a historic neighborhood featuring a mix of modern midrise condominiums and three-story colonials from the mid-1800s, many listed on the National Register of Historic Places. These homes include multi-family units and remodeled single-family houses with Italianate details. The area is in high demand due to local employers like Electric Boat and Lawrence and Memorial Hospital. New London Waterfront Park is a key attraction, offering fishing piers, historical markers, and dining options like the City Dock Restaurant/Oyster Bar. Amistad Pier, along with 14 other sites downtown, is part of the Black Heritage Trail, which includes historical markers and a replica of the Amistad schooner. Cultural highlights include Hygienic Art, a gallery and public art park, and The Garde Arts Center, a historic performance venue. Muddy Waters Café and Fiddleheads Food Co-op are popular local spots. Annual events like Sailfest and Hispanic Heritage Month celebrations draw large crowds. The neighborhood is well-connected with SEAT buses, Amtrak services from Union Station, and nearby Interstate 95 and 395. Ferries provide access to Long Island, Fishers Island, and Block Island. Lawrence and Memorial Hospital is only 1.5 miles south of downtown.

Home Trends in Downtown New London, CT

Housing Trends

Median Sale Price
$320,000
Median Single Family Sale Price
$320,000
Median 2 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$211
Number of Homes for Sale
1
Last 12 months Home Sales
6
Months of Supply
2.00
Median List Price
$350,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
28%
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