The Real Deal New York

50-acre Copper Beech Farm sells for $120M

Initial asking price for Greenwich, Connecticut estate was $190M

April 11, 2014 03:33PM

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Copper Beech Farm in Greenwich, Connecticut

Copper Beech Farm in Greenwich, Conn.

A 50-acre estate known as Copper Beech Farm in Greenwich, Conn., sold for $120 million today, at roughly 61 percent of its first asking price of $190 million.

The buyer, Conservation Institute LLC, acquired the 12-bedroom mansion and surrounding acreage that belonged to timber mogul John Rudey, according to records from the Greenwich Town Clerk’s Office cited by Curbed. Last September, the $190 million asking price was chopped to a mere $140 million, and then to $130 million in January.

One of the few pricier U.S. mansions is Broken O Ranch, which changed hands for nearly $133 million in 2012, Curbed reported.

The estate features 4,000 feet of water frontage and two offshore islands. Once owned by the Lauder Greenway family, which helped Andrew Carnegie launch his steel business, the home spans 15,000 square feet. A 75-foot-long heated pool is also on offer. [Curbed]Mark Maurer

  • WannaBeLandlord

    Only in the northeast does a property sell at this price with window AC units. My Houston born wife think us Greenwich folk are crazy.

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