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

TRD New York /
Sep.September 23, 2013 03:44 PM

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


Related Articles

arrow_forward_ios
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
New Jersey Gov. Phil Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Ned Lamont (Credit: Murphy by Bennett Raglin/Getty Images for Montclair Film; Cuomo by Spencer Platt/Getty Images; Lamont by Bonnie Biess/Getty Images for SiriusXM)

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus
Margaret Streicker (Credit: Facebook)

Rent law “canary in the coal mine” runs for Congress in Connecticut

Rent law “canary in the coal mine” runs for Congress in Connecticut
Fotis Dulos (AP Images/ Erik Trautmann)

Litigation, foreclosure cases complicate Fotis Dulos estate

Litigation, foreclosure cases complicate Fotis Dulos estate
Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer Fotis Dulos charged with murder

Connecticut developer Fotis Dulos charged with murder
Sherwood Arms Apartments in Stratford and MLK Real Estate Capital Co Founder and Managing Partner Solomon Kinraich

Rentals still rule in Connecticut as multifamily portfolio trades hands

Rentals still rule in Connecticut as multifamily portfolio trades hands
An XpresSpa location in the Philadelphia International Airport

Hot water: Spa executives purposefully undervalued company’s real estate to get rich, suit claims

Hot water: Spa executives purposefully undervalued company’s real estate to get rich, suit claims
50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...