Mystery buyer pays $138.83 million for Connecticut’s most expensive home

Copper Beech Farm in Greenwich, Connecticut, has been sold for $138.83 million, marking one of the nation's most expensive home sales. The Connecticut-based limited liability company Conservation Institute, the seller, is linked to Bridgewater Associates, the heavyweight hedge fund founded by billionaire Ray Dalio. The buyer, represented by Stephanie Bo Li of Douglas Elliman, remains unidentified.

The estate, originally known as Kincraig, boasts a nearly mile-long private frontage on Long Island Sound and includes a 13,500-square-foot French-Renaissance mansion, a three-bedroom gatehouse, a two-bedroom carriage house, two secluded beaches, a tennis court, and a 75-foot-long heated outdoor swimming pool and spa. The estate, spread across 50-acres, consists of two parcels, with the potential to be subdivided into 10 or 12 building lots.

Continued demand for luxury properties in Greenwich is evident, but sales have recently slowed due to limited inventory availability. A report by Douglas Elliman revealed a 15.4% decline in luxury sales in Greenwich during the second quarter compared to the same period last year. However, the median sales price rose by 16.4%, while inventory decreased by 24.3%. Unsold inventory from previous years was cleared out in 2020, but demand continues to exceed supply in the current market.

Next (Punjab Chief Minister allocates Rs 101 crore worth cheques for housing scheme beneficiaries)

Mystery buyer pays $138.83 million for Connecticut’s most expensive home

This Month

Overview

Explore

Join Us