Cooper Beech Farm Is the Most Expensive Home for Sale as It is Listed for $190 Million

America’s most expensive home is now for sale and has a new record. Copper Beech Farm in Greenwich Conn is coming to the market with an asking price of $190 million dollars. The tony town with it's abundance of wealthy Wall Street residents has been nicknamed "the hedge fund capital of the country".

The listed estate is one of the 46 most architecturally significant historic abodes highlighted by a 1986 coffee table book about the town. The old record which was held by Crespi Kicks estate in Dallas Texas for $135 million was overtaken by over 30% by the new listing. David Ogilvy & Associates who are affiliated with Christie’s International Real Estate are handling the listing exclusively.

The Estate Built in 1904 is Spread Over 50 Acres
The Cooper Beech Farm is a unique property that was built in 1896. Harriet Lauder Greenway bought the estate in 1904 and lived in it for 75 years. John Rudey, the timber tycoon purchased it quietly 31 years ago in an off-market deal. The estate has come to the market after more than a century. The estate is spread over 50 acres and got its name because of the cooper beech trees populating the property.

The main house built in the French renaissance style offers 13,519 square feet of living space that includes 12 bedrooms, seven full baths and two half baths, a wood-paneled library, an ornate dining room with a tracery ceiling and oak columns, a solarium, a wine cellar, a third-floor staff wing, and a three-story, wood-paneled entry foyer.

A Mile Long Water Frontage Makes the Estate Unique
The estate boasts of almost a mile long water frontage and a winding 1,800 feet long driveway. It is a premium property with a clock tower, a three bedroom gatehouse, a six car garage, greenhouses, formal gardens and even an apple orchard.

The pool area has two conjoined heptagonal pools. Much of the acerage of the estate is assessed as forestland leading to tax discounts. David Ogilvy explains that the staggering asking price was arrived at by appraising the property several times.

Average sales price of nearby properties were also taken into account before deciding on the asking price of $190 million. A nine figure offering is not so rare in America anymore and you might see more such listings in the near future.

Via: forbes
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