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

New York /
Feb.February 06, 2019 04:06 PM

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]


Related Articles

arrow_forward_ios
More contracts signed in the city for more expensive homes (iStock)
Manhattan condo signings jump 65% in November, led by priciest homes
Manhattan condo signings jump 65% in November, led by priciest homes
(Unsplash / Andre Benz)
New listings rise in Manhattan and Brooklyn, but fail to meet fierce demand
New listings rise in Manhattan and Brooklyn, but fail to meet fierce demand
The office space at 99 Church Street  (Google Maps)
Berkeley College selling two downtown White Plains buildings
Berkeley College selling two downtown White Plains buildings
eXp CEO Glenn Sanford and Corofy CEO Eddy Boccara (eXp, Corofy, iStock)
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Parc Grove apartments, PGIM CEO David Hunt and Pacific Urban Residential CEO Al Pace (Photos via Parc Grove, PGIM, RETCON)
PGIM gets $154M for Stamford apartments as rental market heats up
PGIM gets $154M for Stamford apartments as rental market heats up
Additional reason for the slowdown in contract signings is shrinking inventory, which is likely to make the market even more competitive. (iStock)
As inventory shrinks, suburban NYC home market calms down a bit
As inventory shrinks, suburban NYC home market calms down a bit
Professor Randolph M. McLaughlin ro Newman Ferrara LLP and Aaron Carr of HRI (Getty, Facebook, iStock)
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
arrow_forward_ios

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

Loading...