Priciest pads of Greenwich, Conn.
The median sale price in this posh NYC suburb was $2.4M in June
July 29, 2014 03:45PM
By E.B. Solomont
From left: 521 Round Hill Road, 207 Byram Shore Road and 124 Old Mill Road
1. $65 million (521 Round Hill Road)
Leona Helmsley’s former estate has 9 beds, 8.4 baths and spans nearly 18,000 square feet on 40.26 acres.
2. $32 million (207 Byram Shore Road)
Producer Bob Weinstein’s waterfront estate sits on 3.28 acres with 440 feet of shoreline; the 6-bed, 6.2-bath house was built in 1916.
3. $29.9 million (124 Old Mill Road)
Actor Mel Gibson’s estate sits on a whopping 75.7 acres; designed by architect Charles Lewis Bowman for the financier George Ohrstrom in 1926, it has 15 bedrooms and 10.7 baths.
4. $25 million (60 Oneida Drive)
The former estate of Mario J. Boiardi – who founded Chef Boyardee canned pasta products – is a 6.6-acre waterfront property that last sold in 2012 for $11 million.
5. $24.9 million (Address not disclosed)
Built in 2006, the house tops 19,000 square feet and has 6 beds, 10.2 baths on more than 10 acres.
6. $23.5 million (429 Taconic Road)
A 5-bed, 7.2-bath house built in 2012 is the centerpiece of a 12.87-acre working horse farm.
7. $20 million (1 Harbor Drive)
Sitting on 2.19 acres, the 1890s Victorian is nearly 15,000 square feet and has water views; it was totally renovated and has 8 beds, 8.3 baths.
8. $18.9 million (Address not disclosed)
The modern house, more than 10,000 square feet, was built in 1987 and sits on 1.31 acres, with 7 beds, 8.1 baths and a private beach.
9. $18.5 million (36 Game Cock Road)
Situated on a 1.15-acre island, the main house has 8 beds and 5.1 baths, and a second house has 3 beds and 2 baths.
10. $18.45 million (1 Indian Chase Drive)
Built in 1913, the 1.81-acre estate has 7 beds, 6.1 baths and views of Long Island Sound.
When Leona Helmsley’s former Greenwich, Conn. estate went back on the market for $65 million earlier this month, the 40-acre property became the area’s priciest listing – for now.
Listed for $65 million, the 40-acre estate is for sale following a two-year renovation. The current owners bought the property for $35 million in 2012, after the price was cut from $125 million.
To be sure, Greenwich is accustomed to high prices.
In April, a 50.5-acre waterfront estate in Greenwich sold for $120 million, after being listed at $190 million. Copper Beech Farm has 4,000 feet of water frontage and two offshore islands.
Overall, there were 548 properties for sale in Greenwich during the second quarter, compared with 524 in the prior year period, according to David Ogilvy & Associates, an affiliate of Christie’s. Jane Howard Basham of David Ogilvy is the listing agent for the Helmsley estate. There were 231 properties sold during the second quarter, compared with 272 during the same time last year.
The median sale price in Greenwich in June was $2.4 million, up 48.9 percent from May and up 37.4 percent from June of 2013, according to brokerage Houlihan Lawrence, which has an office in Greenwich.
But properties in the upper echelon can be tricky to sell.
“It’s a very limited group of buyers, and you just have to find the right person for these,” said Beckie Hanley, a senior vice president at one of William Raveis’ two offices in Greenwich. “These properties take a long time.”
She said buyers at the high end of the market tend to be local, particularly those looking to trade back country estates for properties closer to town. “There are buyers coming out of the city who want to have a weekend home,” as well as foreign buyers, she said.