Greenwich’s Copper Beech Farm, listed last year with the highest asking price of any home in the country, has sold for $120 million, town officials confirmed.
The estate and its 13,500-square-foot main house with 12 bedrooms and nine bathrooms hit the market last year with the highest-ever listing price of $190 million, but was slashed to $140 million four months later.
The buyer was Conservation Institute LLC, with an address of 1 Atlantic St. in Stamford, town officials said.
The 50-acre estate off Indian Field Road has 4,000 feet of frontage on Long Island Sound and access to two private islands.
A 30-acre parcel that doesn’t include the Victorian-style mansion could to be subdivided into as many as 15 lots. The development potential, in large part, drove the high asking price.
Listing agent David Ogilvy, of David Oglivy & Associates could not immediately be reached for comment this afternoon.
The estate was built by the Lauder Greenway family, which had ties to Carnegie Steel. Its owners John and Laurie Rudey bought it 31 years ago, according to online records.