Greenwich Estate Tops Nation For Home Asking Prices

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Copper Beech Farm, a Greenwich estate, has the highest asking price in the country. (Courtesy of Zillow.com)

Copper Beech Farm, a Greenwich estate, has the highest asking price in the country. (Courtesy of Zillow.com)

Greenwich is known for its mammoth mansions, but now the tony Fairfield County enclave can claim another privilege of its affluence: the highest listing price of any home in the country.

The owners of Copper Beech Farm are asking a whopping, $190 million for the 13,500-square-foot main house with 12 bedrooms and 9 bathrooms. The listing price sounds more like California than Connecticut, and it’s well above the $150 million Candy Spelling dared to ask for “The Manor” in Los Angeles a couple of years ago, according to Zillow.com.

The 50-acre Greenwich estate off Indian Field Road has 4,000 feet of frontage on Long Island Sound, not to mention access to two private islands.

“There are some wealthy people in this world,” David Ogilvy, of David Ogilvy & Associates in Greenwich, which has the listing, said. “They want the best.”

See a gallery of photos of Copper Beech Farm here.

The asking price is driven largely by the land, which is divided into two parcels that can be subdivided, Ogilvy said. A 30-acre parcel that doesn’t include the Victorian-style mansion could be subdivided into as many as 15 lots, he said.

Visitors enter the estate via an 1,800-foot driveway which leads to two stone towers that flank the main entrance. The entrance room and stairway climbs three stories with a fireplace. The mansion includes a living room with carved fireplace, a solarium, an oak-paneled library and a master bedroom suite with a sleeping porch.

On the extensive grounds, there is a 75-foot heated swimming pool with 14 sides, an octagonal pool house and a grass tennis court. A stone carriage house now serves as a garage and still has milking stalls dating from the estate’s construction in 1898.

The estate was built by the Lauder Greenway family, which had ties to Carnegie Steel. Its current owners John and Laurie Rudey bought it 31 years ago, according to online records. John Rudey is a timber tycoon who leads companies such as Timberlands Services Co.

Ogilvy said there hasn’t been a similar-sized estate on the market since 1952, and that property has since been subdivided for redevelopment.

“The opportunity to own this extraordinary 50-acre waterfront estate in sought after Greenwich is unique and will not present itself again,” an online listing for the property coos.

The Copper Beech Farm listing crushes the highest asking prices in Connecticut. They include $33 million for the former Greenwich estate of actor Mel Gibson and $30 million for the seaside home of the late actress Katharine Hepburn in the Fenwick section of Old Saybrook.

And it easily tops the $125 million for a 5-bedroom, 7.5-bath penthouse on three floors of the The St. Pierre Hotel on Park Avenue in Manhattan and Versace’s former, 10-bedroom, 11-bath home in Miami Beach, listed for $100 million.

As eye-catching as the asking price is and for all the attention is garnering, it isn’t clear a buyer will come close to paying that price.

In 2011, The Wall Street Journal reported that the $100 million paid by Russian investor Yuri Milner for a French chateau-style estate in Silicon Valley was believed to be “the highest known price paid for a single-family home in the U.S.”

And even Candy Spelling had to settle for far less than her $150 million asking price, agreeing to sell Spelling Manor for $85 million to the heiress of the Formula One auto racing empire.

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6 thoughts on “Greenwich Estate Tops Nation For Home Asking Prices

  1. IOU

    Small and not grand for price. It’s the precious amount of waterfront and acres driving this price.

  2. Green3nergy

    Someone will buy just because it’s listed as the most expensive house in the US. People and their egos…

  3. Mike Green

    I guess there really is such a thing as asking too much. Having wealth is ok. But this is not wealth this is bordering on gluttony. $190 million dollars!!! I do hope they pay a whopping tax rate for the trouble. Of course if you can afford the house the taxes are merely a formality right?

  4. Your Name

    I was ready to pull the trigger but realized there is no mention of a boat dock. I’ll just have to wait for the next 190 Mil home to go on the market.

  5. Robert

    Remember the price is driven by the ability to subdivide. In Greenwich the ability to build 15 additional multi million homes makes the price of the home a lot lower than $190M. Still too high and they won’t get it, but it will be interesting to see what they do get.

  6. PAUL

    GOOD TO HEAR THE REAL ESTATE MARKET IS REBOUNDING
    HEY IF YOU HAVE GOT THE MONEY, MORE POWER TO YOU
    WELCOME BACK…BIG 80’S

Comments are closed.