Most Expensive Home Sells for $120 Million; Copper Beech Farm of CT Has 2 Private Islands, 1,800-Foot Driveway (VIDEO)
The most expensive home sold for $120 million Friday, setting a new record for a single-family residence in the U.S. Copper Beech Farm of Greenwich, Connecticut, built in 1896, overlooks the Long Island Sound, has acres upon acres of space, and features an 1,800-foot custom cobblestone driveway.
The most expensive home sale was sold to a buyer who would rather remain anonymous, which is why the home was officially purchased by The Conservation Institute, LLC, a Stamford, Conn. organization. Still, Copper Beech Farm is the talk of the town after beating out other huge, expensive estates like the $102 million Fleur de Lys of Los Angeles and the $117.5 million Woodside mansion of Softbank billionaire Masayoshi Son.
To see pictures of Copper Beech Farm, click here.
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Copper Beech Farm is 13,519 square feet, has 12 bedrooms, seven full baths, two half baths, a wood-paneled library, a solarium, a wine cellar, and a three-story-high foyer, Forbes reported. In addition, the estate boasts a clock tower, a shingled cottage, formal gardens, a spa, an apple orchard, courtyards, dual connected heptagonal pools, two private islands, a greenhouse, a grass tennis court and is the largest waterfront estate on the coastline between Greenwich and New York City. The sale took almost a year, which is short for a property of such magnitude.
"It was 11 months from start to finish," David Ogilvy, the property's listing agent, told Forbes magazine. "But if you find the right buyer, there is nothing else that would fill the bill. There's just no other 50-acre waterfront piece – nothing within 45 minutes of New York."
The manor, built in 1896, was designed with Victorian and French tastes, such as hand-carved fireplaces and sleeping porches in many rooms, high, tracery ceilings, paneled finishes and extravagant artwork.
The property was initially listed for an astounding $190 million in May of 2013, but chopped down to $140 million by September. Another $10 million was taken off before closing for $120 million last week.
The estate is named for the copper beech trees littering the property.
