A group of Rockefeller descendants are looking to part with the final piece of a former family estate.
The Indian Spring Lake Company, which counts more than 100 of William’s descendants as shareholders, listed a 54-acre parcel of forestland in Greenwich for $21.5 million, the Wall Street Journal reported. The acreage at 181 Glenville Road in the wealthy Connecticut enclave is the last large holding from the former Rockefeller family estate.
The offering is the latest piece to be made available from the Rockefeller real estate portfolio, which stretched approximately 500 acres at the turn of the previous century. As descendants have sinced moved away, the clan worked to sell much of the land, reaping more than $100 million in sales since the mid-1960s alone.
Read more
Residential
Tri-State
Trump’s former Greenwich mansion up for grabs
Development
New York
Christian A. Rockefeller to launch branded real estate venture in southern Spain
Commercial
New York
Naftali, Blavatnik land $385M for big Williamsburg resi project
Billionaire Len Blavatnik last month snapped up 80 acres of the former estate for $32 million. The purchase came more than a decade after Blavatnik picked up an 11-acre estate formerly owned by the family for $22.5 million. In the years since, he has purchased more than 75 acres surrounding the land. Blavatnik was offered the latest parcel now up for grabs, but declined.
In the 1990s, the Sherwood Farms community of homes bought some of the land.
The parcel of forestland is undeveloped, one of the largest in the town. The land, which includes some wetlands, is already zoned for residential development.
Sotheby’s International Realty’s Carol Zuckert and Joseph Barbieri share the listing.
— Holden Walter-Warner