The Real Deal New York

A $50M price cut? Most expensive U.S. home now only $140M

September 23, 2013 03:44PM

Copper Beech Farm, having slashed its asking price from $190 million to a mere $140 million, no longer bears the title of America’s priciest mansion.

Thanks to Friday’s price chop, that honor now goes to Jackson Land and Cattle, a 1,750-acre estate in Jackson Hole, Wy.

The 50-acre Greenwich, Conn., spread could, however, still snag a record. Should the property sell at its current $140 million ask, it will unseat America’s priciest sale to date: a Silicon Valley spread that changed hands in January for $117.5 million.

Owned by timber mogul John Rudey, Copper Beech Farm boasts a 12-bedroom mansion dating back to the 1890s, 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.

While Rudey told the Wall Street Journal in May that he was selling the property because the kids are now grown, a July follow-up story in the New York Times revealed that financial setbacks may also be nudging the sale. The debt attached to the property reportedly totals a whalloping $203 million. [Curbed] Julie Strickland