Greenwich estate sells for $48M in priciest local sale since 2014

An oceanfront estate in Greenwich quietly sold in an off-market sale earlier this year for $48 million, marking the priciest sale in the town since the 50-acre Copper Beech Farm sold for $120 million in 2014, Mansion Global recently reported. A limited liability company affiliated with former hedge fund executive Chris Shumway and his wife sold the 12,000-square-foot home, which sits on four acres on a gated community, the outlet reported. The couple purchased the home at 110 Field Point Circle about 10 years ago for $17.5 million. The house has seven bedrooms and 11 bathrooms and features various amenities, including a tennis court, a pool and a dock. A blog maintained by Greenwich-based Houlihan Lawrence agent Gideon Fountain noted in late February that Christopher Finlay of Halstead was the listing broker, while his Halstead colleague Rob Johnson was the selling broker. [Mansion Global]