Greenwich home with ties to Ray Dalio sold for $139M
Mystery buyer scooped up Copper Beech Farm and set new Connecticut record
The record for the most expensive home sale in Connecticut has been broken.
Copper Beech Farm in Greenwich was purchased by an anonymous buyer for $138.8 million, the Wall Street Journal reported. The seller — a limited liability company connected to hedge fund billionaire Ray Dalio — spent $120 million to buy the waterfront estate in 2014, a record for the state at the time.
The property was listed for sale in February for $150 million. The buyer inquired about the property within a week of its listing and visited the estate within its first month on the market.
The deal technically works out to about $10,300 per square foot, though that only considers the 13,500-square-foot main house, a miniscule sliver of the 50-acre estate. The property has a mile of private frontage on the Long Island Sound.
The French Renaissance-style main mansion has eight rooms, an upstairs balcony, a partially finished basement and nine fireplaces. There’s a three-bedroom gate house and a two-bedroom carriage house, which has a clock tower.
The estate also has two private beaches, a bathhouse and a private island, accessible by paddling out across the Sound. There’s also a grass tennis court, greenhouses and a 75-foot swimming pool.
The 19th-century estate once belonged to the Lauder Greenway family, whose scion aided Andrew Carnegie in the formation of U.S. Steel. While it is being sold as a single-family home, there’s development potential because it is split between two parcels and could be subdivided into a dozen building lots.
Sotheby’s International Realty’s Leslie McElwreath, Nikki Field and Joseph Barbieri shared the listing. Douglas Elliman’s Stephanie Bo Li represented the buyer, who “had a lot of money,” Barbieri told the publication.
While the agents involved in the deal are touting the transaction as a Connecticut record, it doesn’t come close to the national record. That belongs to Ken Griffin, who paid $238 million for a penthouse at 220 Central Park South in 2019.
— Holden Walter-Warner