It’s certainly not your average home. Situated on 51 acres on the Greenwich waterfront, the Copper Beech Farm sold to The Conservation Institute, LLC for a cool $120 million according to the Greenwich Time. That would make it the most expensive single-family residential property sold in the US according to David Ogilvy, the property’s Realtor.
While $120 million is a hefty price to pay, it’s actually quite a discount from what the property was originally listed. When the house first came on the market, it listed for $190 million.
The previous record holder of the most expensive house in the US was a nine-acre estate located in Woodside California according to Forbes. That property sold for $117.5 million in January, 2103 to Masayoshi Son, the CEO of Softbank and Japan’s second wealthiest man.
Falling to number three on the most expensive homes in the US is the $100 million Los Altos Hills, California mansion purchased by venture capitalist Yuri Milner in 2011.
To confuse the issue a bit, there was a 124,000-acre Montana ranch which was listed for $132.5 million and in November 2012. The problem is that all that is known is the listing price of the home, not the actual sale price. The state of Montana is a nondisclosure state which means that the final sales price of homes don’t need to be disclosed in public records. The Fairfield Sun Times reported that the actual sale price of that ranch was around $90 million.
Who actually is the new owner of the most expensive residential property in the US is still unknown. The property was purchased through a LLC which are commonly used to protect the buyer’s privacy. Ogilvy would not divulge the name of the buyer.
(Photos courtesy of David Ogilvy)