Friday
August 29, 2014

Priciest Single-Family Sale Ever in the U.S.

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Priciest Single-Family Sale Ever in the U.S.

A Greenwich, Conn., estate known as “Copper Beech Farm,” which was once the most expensive single-family home publicly listed in the U.S., has sold for $120 million.

The sale price is $70 million below the original asking price of $190 million, but some housing experts still call it the priciest single-family home ever to sell in the country — even though it’s below Montana’s Broken O Ranch, which sold in 2012 for $132.5 million.

“Many consider the Montana property to be a working farm, not a single-family home,” CNBC.com notes. “Under that standard, Copper Beech becomes the most expensive single-family home ever sold.”

The 51-acre estate is located along Greenwich’s waterfront and features a 15,000-square-foot mansion built in 1896. It’s by far the most expensive residential transaction in Greenwich’s history, more than double the $45 million paid for an 80-acre mid-century estate in 2004. Real estate professional David Ogilvy was the listing agent for both properties.

Source: “Connecticut’s Copper Beech Sells for a Record $120 Million,” CNBC.com (April 14, 2014) and “America’s Most Expensive Home Sells for $120 Million,” realtor.com (April 14, 2014)

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