Luxury Housing Market Roaring Back in Greenwich, Or Just Wishful Thinking?

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Actor Mel Gibson's former Greenwich estate is again on the market with an asking price well above what the property last sold for in 2010. Photo of estate courtesy of Trulia.com; Mel Gibson, Getty Images.

 

Has the luxury market on Connecticut’s Gold Coast improved that much since 2010?

Apparently, or so the owner of actor Mel Gibson’s former Greenwich estate appear to believe, according to People magazine. The owner, Cosette Property LLC, is asking $33 million for the 15,800-square-foot Tudor mansion on 75 acres, according to the listing from Sotheby’s International Realty, $9 million more than what Cosette purchased it for two years ago.

See more photos of the property here.

The 1926 estate has the highest asking price of all residential properties listed for sale in Connecticut, and is nearly 40 percent higher than the $23.9 million Cosette paid in 2010, according to The Warren Group.

Gibson first listed the property for sale in 2007 at $39.5 million, later reducing it $29.7 million.

 

 

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