15-1/2 Water Street, #4
Groton, CT 06355
$1,195,000 - Mystic
Open Houses
Direct Waterfront One Level Condo with Un-Obstructed Water Views of the Mystic River. This 2 Bedroom, 2 Full Bath condo is located in one of the most Iconic Buildings in all of Mystic. "The Power House" turn of the Century Stately Water Front Building in Historic Downtown Mystic. Enjoy one-level living at its best. Includes 1 private parking space in the covered garage and access to the private outside parking lot as well. Watch the mesmeric boat traffic on the Mystic River from your 14' Balcony and enjoy the waterfront seating area with picnic table for outdoor gatherings. Efficient heat pump heating system with central air. First floor unit accessed by elevator. Adjacent to Deep Water Marina and stroll to fine restaurants, SIFT Bakery, Resort Shopping and Seaside Cafes. Live a Dream in Historic Downtown Mystic.
| Listing Id: | 24198104 |
|---|---|
| List Price: | $1,195,000 |
| Property Type: | Condo |
| Property Sub Type: | Condominium |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 2 |
| Baths Full: | 2 |
| Living Area Sqft Per Public Record: | 1,314 |
| Hoa Fee Amount: | 610.0 |
| Property Tax: | $12,562 |
| Style: | Ranch |
| Direct Waterfront Yn: | Yes |
| City: | Groton |
| Neighborhood: | Mystic |
| County: | New London |
| Postal Code: | 06355 |
| Year Built: | 1830 |
| Unit On Floor Number: | 2 |
| Total Number Of Units: | 16 |
| Agent Owner Yn: | No |
| Appliances Included: | Oven/Range, Microwave, Range Hood, Refrigerator, Dishwasher, Washer, Dryer |
| Assessed Value: | $461,510 |
| Association Amenities: | Elevator, Guest Parking, Security Services |
| Association Fee Includes: | Security Service, Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Flood Insurance |
| Attic Yn: | No |
| Basement Description: | No |
| Basement Description: | None |
| Baths Total: | 2 |
| Complex: | Power House |
| Comp Only Manual Yn: | No |
| Cooling System: | Central Air |
| Current Price: | $1,195,000.00 |
| Directions: | Water Street to the Power House Condominiums. |
| Display Fair Market Value Yn: | Yes |
| Elementary School: | Per Board of Ed |
| Elevation Certificate Yn: | No |
| End Unit Yn: | Yes |
| Exterior Features: | Balcony, Sidewalk, Lighting |
| Exterior Siding: | Brick |
| Flood Zone Yn: | Yes |
| Garage & Parking: | Under House Garage, Assigned Parking |
| Garages Number: | 1 |
| Heat Fuel Type: | Electric |
| Heat Type: | Heat Pump |
| High School: | Fitch Senior |
| Hoa Fee Frequency: | Monthly |
| Home Owner's Assocation: | Yes |
| Home Warranty Offered Yn: | No |
| Hot Water Description: | Domestic |
| Interior Features: | Cable - Available |
| Laundry Room Info: | Main Level |
| Laundry Room Location: | Main Level |
| Levels In Unit: | 1 |
| Listing Contract Date: | 2026-08-11 |
| Lot Description: | Level Lot, Water View |
| Middle Jr High School: | Per Board of Ed |
| Mil Rate Total: | $27.22 |
| Status: | Active |
| Nearby Amenities: | Health Club, Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall |
| New Construction Type: | No/Resale |
| Occupied By: | Owner |
| Original List Price: | $1,195,000 |
| Parcel Number: | 2239668 |
| Parking Total Spaces: | 1 |
| Pets Allowed Info: | With restrictions |
| Pets Allowed Yna: | Restrictions |
| Possession Availability: | Negotiable |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 912-9903 |
| Price: | $1,195,000 |
| Property Manager Email: | cmyers@neproperty.com |
| Property Manager Name: | Chris Myers |
| Property Mgt Company Name: | Northeast Property Group |
| Remarks Public Addendum: | Wake to the rhythm of the harbor and take in mesmerizing boat traffic from your private 14-foot waterfront balcony, where sailboats, yachts, and classic vessels glide by in a timeless coastal parade. Residents enjoy access to a private riverfront seating area, perfect for relaxed gatherings overlooking the water. This thoughtfully designed home features elevator access, an efficient heat pump system with central air, and the rare convenience of one covered garage space plus additional private parking. Perfectly positioned beside Deep Water Marinas, you are just steps from Mystic's finest waterfront dining, boutique shopping, and beloved destinations such as SIFT Bakery and charming seaside cafes-all within a picturesque stroll along the river. A rare opportunity to live the quintessential New England waterfront lifestyle-where every day feels like a getaway. No Short Term Rentals Allowed. See Video. |
| Sewage System: | Public Sewer Connected |
| Sewer Assess Description: | Sewer usage charge is yearly |
| Sewer Usage Fee Annual: | $450 |
| Sign Yn: | No |
| Special Association Assessment: | No |
| Sq Ft Est Heated Above Grade: | 1,314 |
| Sq Ft Total: | 1,314 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2025-June 2026 |
| Total Rooms: | 4 |
| Under Agreement Yn: | No |
| Waterfront Description: | River, Walk to Water, Water Community, View, Access |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | MDD |
Listing Courtesy of: William Pitt Sotheby's Int'l
Listing Agent: Judith Caracausa
(860) 912-9903
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Smart MLS Inc. data last updated on October 08, 2026 06:51 PM - ET
Property Last Updated: October 08, 2026 06:51 PM - ET
