The Hascoe estate in ConnecticutFrom the August issue:The Greenwich estate of late husband-and-wife entrepreneurs Norman and Suzanne Hascoe has sold for $39.5 million, the Hartford Courant reported last month. The price is the highest ever paid for waterfront property in the ritzy suburb, and the sale is the most expensive in Greenwich since 2004.
The mansion, known as Point of View, sits on 4.2 acres, with 340 feet of frontage on the Long Island Sound.
Industry experts say the sale indicates that the luxury home market in Greenwich is reviving, after the downturn dampened home sales through the state for several years.
The deal “aligns with what we’re experiencing in Greenwich, which is that high-end buyers are returning to the market, and are acting on special opportunities such as the Hascoe family estate,” said Kathy Korte, president and chief executive of Sotheby’s International Realty, which listed the property.
For example, Mel Gibson’s 16,000-square-foot Greenwich mansion, initially listed in 2007 for $39.5 million, sat on the market for years before selling in 2010 for $24 million.
By contrast, the Hascoe estate hit the market in October, and closed less than a year later, on June 30. Click here for Westchester and New Jersey briefs. Compiled by Omari Allen
