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At the edge of Stonington Harbor, where sailboats move slowly through the water and the village wakes each morning to the rhythm of the tide, 88 Water Street offers a rare opportunity to live directly within one of New England's most beloved coastal communities. This historic home dates to 1840, yet today it feels distinctly current following an extensive renovation completed in 2022. The result is a residence that respects its heritage while embracing the ease and openness expected of modern coastal living. Inside, more than 3, 400 square feet of thoughtfully reimagined space unfold across multiple levels, with views of the harbor appearing at nearly every turn. The home's central living spaces flow naturally from one room to the next, creating an environment designed as much for relaxed daily life as it is for hosting friends and family. A spacious kitchen anchors the main level, centered around a generous island and complemented by casual gathering areas that invite conversation long after dinner ends. Nearby living and dining rooms retain the warmth and character expected in a home of this era, anchored by a traditional fireplace that brings a sense of intimacy to the space. Upstairs, the primary suite enjoys its own private outlook toward the water, with direct access to a deck that feels perfectly suited for quiet mornings overlooking the harbor. Additional bedrooms provide comfortable accommodations for family and guests. The uppermost level offers a particularly versatile arrangement: a private guest retreat complete with its own sitting area, kitchenette, bedroom, and bath. Whether used for visiting guests, extended family, or a creative workspace overlooking the water, the space functions almost as a residence within the home. Outdoors, the property embraces its waterfront setting. Terraces and covered outdoor areas extend the living spaces into the fresh coastal air, creating natural places to dine, gather, or simply watch the harbor activity unfold. A private dock allows direct access to the water, making boating, kayaking, and paddleboarding part of everyday life. The property also includes a detached garage and off-street parking, an uncommon convenience in the historic Borough. Perhaps most remarkable is the home's location along Water Street, the village's iconic waterfront corridor. From the front door, it is an easy walk to the restaurants, cafes, galleries, and boutiques that give Stonington Borough its distinctive character. The harbor lighthouse, duBois Beach, and the town docks are all just moments away, creating a lifestyle defined by walkability, coastal scenery, and an enduring sense of place. In Stonington Borough, homes are not simply addresses. . . they become part of the village's long maritime story. At 88 Water Street, that story continues at the water's edge.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | Upper |
| Bedroom 2 | Wall/Wall Carpet | Upper |
| Bedroom 3 | Full Bath,On 3rd Floor | Other |
| Dining Room | Combination Liv/Din Rm,Hardwood Floor | Main |
| Family Room | Fireplace,Hardwood Floor | Main |
| Full Bath | Upper | |
| Half Bath | Main | |
| Kitchen | Remodeled,Breakfast Bar,Built-Ins,Quartz Counters,Wet Bar,Pantry | Main |
| Living Room | Bay/Bow Window,Fireplace,Patio/Terrace,Sliders,Hardwood Floor | Main |
| Primary BR Suite | Balcony/Deck,Bedroom Suite,Full Bath,Stall Shower,Sliders,Wall/Wall Carpet | Upper |
| Studio Apt | Quartz Counters,Dining Area,Full Bath,On 3rd Floor | Other |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,036,000 | $3,036,000 | $3,036,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $2,565 | $2,565 | $2,565 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,001 | $18,447 | $25,415 |
| Total Monthly Payment | $19,691 | $21,137 | $28,105 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.