In the affluent town that is Greenwich, Connecticut, the recent sale of one waterfront estate has surpassed any assumptions one might have for the pricey village. Officially crowned the most expensive residential property ever sold in Connecticut history, Copper Beech Farm, a 50+ acre parcel along the coast, sold for $138 million. “The opportunity to purchase a residence of this high caliber is a true rarity,” Joseph Barbieri, one of the listing agents, said in a statement. “It was our honor to be charged with representing such an unparalleled, historic estate in one of the most coveted markets.”
Listed at $150 million, the property was brought to market through Barbieri and Leslie McElwreath of Sotheby’s International Realty – Greenwich Brokerage, in collaboration with Nikki Field of Sotheby’s International Realty – East Side Manhattan Brokerage. The buyer, who was not named, was represented by Stephanie Bo Li of Douglas Elliman. “Copper Beech Farm is the crown jewel of the Greenwich coastline,” McElwreath added. “It’s an awe-inspiring compound complete with every conceivable luxury for a sophisticated live, work, and play retreat.”
The expansive property was built in 1898 and is located on a private peninsula with almost a mile of water frontage and two private beaches. On the secluded compound is a château-esque main house, swimming pool, apple orchard, grass tennis court, carriage house, gatehouse, pool house, and two greenhouses. The main home sprawls across 13,519 square feet and encompasses 21 rooms, eight bedrooms, a library, and home office. Almost every room offers views of the water.
Though it is the most expensive home in Connecticut, it also once held the title as the most expensive home in the nation. Even now, its sale is still among the priciest real estate transactions in the country. Greenwich, where the cost of living is 64% higher than the national average, is known for its proximity to New York City as well as the location for multiple hedge funds and financial services firms. “This remarkable sale resoundingly proclaims the unassailable verity that Greenwich reigns supreme,” Pam Pagnani, senior vice president and brokerage manager of Sotheby’s International Realty – Greenwich Brokerage, said. “Purchasers recognize the charm of the town, with its close proximity to Manhattan, its amenities, schools, and shopping and dining experiences [that] are unparalleled amidst the coveted tapestry of residential havens.”