Estate sells for $30M in Greenwich price peak

A home on a 27-acre estate in Greenwich has sold for $30 million. 

The deal marks the second largest closing in the Connecticut town this year and is one of eight homes in the area to ever sell for $30 million or higher, according to listing agent Katie Schaller of Coldwell Banker, who represented the property with fellow Coldwell Banker agent Pam Cunconan. 

“To find 27 acres with a newer build is basically impossible out here,” said Schaller, who declined to identify the seller. 

The home was built in 2020 before it initially listed for $40 million in April 2021, where it has been since, save for two months last holiday season.

The sellers combined three parcels to create the 27-acre property before building the French Normandy-style home, which has six bedrooms, eight full bathrooms and two half-bathrooms. 

Spanning nearly 15,000 square feet, the house comes with an interior pool built under a full-length skylight. The property, which borders a lake, also comes with a boathouse, a new dock and a tennis court.

While just the eighth Greenwich home to sell for $30 million or more, it’s not even remotely close to the town’s top sale, which came just five weeks ago. 

Copper Beech Farm sold for just under $139 million in August, making it the most expensive property in Connecticut history. The 50-acre estate abutting Long Island Sound comes with a French Renaissance-style mansion, two private beaches and a private island. 

Low inventory, a common theme in markets across the tristate area, is keeping the market brisk. 

“I think a lot of that is due to the fact we don’t have a lot of inventory and haven’t had a lot of inventory since Covid pushout,” she said.

Read more

Tri-State

Hamptons, North Fork resi markets make waves despite inventory squeeze

New York

Bespoke brings 1% commissions to Manhattan

New York

The Daily Dirt: Fortis’ legal drama