A historic Greenwich property that broke a real estate industry record with its sale nine years ago has set a Connecticut housing market record with a $138.83 million sale.
The 50.6-acre property at 499 Indian Field Road, also known as Copper Beech Farm, was listed in February for $150 million. Even at its discounted price, the sale is the most expensive in Connecticut housing history, the fifth largest residential sale on the East Coast and the ninth largest in the country.
The $120 million sale of the property in 2014 was the highest price at the time for a residential property transaction.
The property”™s residence was built in 1898 and covers 13,519 square feet, with eight bedrooms, 10 bathrooms and nine fireplaces. The property also features a 75-foot swimming pool, two greenhouses, a grass tennis court, approximately one mile of a private waterfront and a private offshore island.
The property was originally the home of industrialist John Hamilton Gourlie and was purchased in 1905 by Dr. James C. Greenway and his wife Harriet Lauder Greenway, the niece of Andrew Carnegie. John Rudey, chairman of the U.S. Timberlands Services Co., owned the property when it was last sold in 2014 to a Connecticut-based entity known as The Conservation Institute LLC. However, subsequent research determined that entity is owned by billionaire hedge fund executive Ray Dalio and his wife Barbara.
However, the Dalios have never publicly confirmed they own the property. The identity of the buyer was not disclosed.
Stephanie Bo Li of Douglas Elliman procured the buyer and Leslie McElwreath, Nikki Field and Joseph Barbieri of Sotheby”™s International Realty represented the seller.
Photo courtesy of Sotheby’s International
