Two weeks ago, The Hartford’s Liam E. McGee announced he would be stepping down as the insurer’s chief executive officer in July amid health problems.
Friday, McGee listed his 12-room, Colonial in West Hartford on Woodridge Lake for $2.7 million.
The 7,700-square-foot home at 64 Waterside Lane, built in 2001, has 6 bedrooms, 7-1/2 baths, home theater, basketball court on the grounds and a dock on the lake. The property encompasses nearly 4 acres in exclusive Wood Pond.
Online property records show McGee and his wife, Lori, purchased the home for $2.6 million in late 2009. The property had previously been owned by the former CEO of Phoenix Cos., Dona D. Young.
Julie Carter, an agent with William Raveis in West Hartford, couldn’t immediately be reached for comment today.
The $1 million-plus market has been slow to recover from the last housing downturn, but one agent said the home’s lakeside location is a plus.
“It’s a different dynamic for homes that are on the water,” said Rob Giuffria, of Prudential Premier Homes in Farmington.
Giuffria said he didn’t expect the house to sit long, probably between two and six months. He also didn’t expect much room for negotiation, and he anticipates a sale price of no lower than $2.5 million.
In 2013, The Hartford Financial Services Group disclosed that McGee had a brain tumor surgically removed. Earlier this month, the insurer said McGee had a “follow-up procedure” related to same health issue, as the company said McGee would step down. The insurer did not elaborate on the procedure.
McGee will remain chairman until The Hartford’s next annual meeting.
McGee came to The Hartford in the fall of 2009 as the company was struggling, having taken $3.4 billion in assistance from the U.S. Treasury’s Troubled Asset Relief Program, which it paid back with interest in the spring of 2010.
I am trying to obtain more photos of 64 Waterside Lane. Check back later for updates.