The Real Deal New York

Greenwich ‘English manor-style’ home takes steep price cut from $17M ask

February 06, 2019 04:06PM

A 5.29-acre estate in Greenwich that first hit the market seeking $17.35 million in 2015 is now available for roughly half that sum. The Wall Street recently spotlighted a 10,881-square foot property at 781 Lake Avenue in Greenwich, which is being marketed for $8.775 million by Brad Hvolbeck and Marijane Bates Hvolbeck of Sotheby’s International Realty. The English manor-style home, purchased by hedge funder Ellen Adams and her ex-husband for $6.8 million in 2002, subsequently went through two years of renovations oversaw by architect Laurent “Rink” DuPont that cost $9 million, the outlet reported. The home has seven bedrooms, seven bathrooms and two half-bathrooms, as well as a pool, wine cellar, family room and playroom. Bloomberg noted in 2017 that the stately property had previously been put up for sale under a different address, 16 Old Mill Road in Greenwich, which came with nearly double the price tag. The home’s ask was reduced to $11.45 million before the listing was pulled in late 2017. [Wall Street Journal]