Sanford I. “Sandy” Weill, the architect of the Travelers-Citicorp merger in the 1990s, is selling one of his estates in Greenwich with a list price of $14 million: a 6.3-acre estate on tony Round Hill Road that is next door to Weill’s primary residence.
The centerpiece of the estate is a 16,400-square-foot, 14-room mansion with a hand-cut stone exterior. In addition to six bedrooms, nine full bathrooms and three half bathrooms, there are six fireplaces, a home theater, library, wine cellar, in-law apartment and chef’s kitchen.
Lyn Stevens, of Fieldstone Partners/Sotheby’s International Realty in Greenwich, told me the house is set back from the road, assuring privacy. “It’s spectacular,” she said.
In an interview with the Wall Street Journal, Weill said he and his wife bought the property around 1980 with the idea of developing a family compound. They gave it to their son Marc, who built the mansion in 2004, Weill told the Journal.
Property records show Weill bought the property back in 2009 for $11 million.
Weill told the Journal he no longer needed the property and an improving housing market led to the decision to list the house now.
Read the Journal’s story here.
Weill, 80, is considered an icon in the financial services industry. Weill’s company, Primerica Corp. acquired the former Travelers, founded in Hartford, during deals in 1992 and 1993 when Travelers was suffering from losses in commercial real estate investments.
In 1998, Weill held a teleconference at the Waldorf Astoria Hotel in New York to announce the merger of Travelers Group Inc. and Citigroup Inc. It was the largest merger in history, forming a colossal financial services company with 100 million customers in 100 countries and $700 billion in assets.
To see the full listing for the property, visit Sotheby’s International Realty.