Have a cool NZ$243.5 million weighing you down? This is what it will buy you over in the US.
A 20 hectare (200,000 sq m), seafront property in Greenwich, Connecticut has just gone on the market for $243.5 million dollars, making it the most expensive home ever publically listed for sale in the US (the record-holder before that was a $173 million estate in Dallas, Texas).
The grandiose Copper Beech Farm includes a 12 bedroom French-renaissance-style mansion, 1,200 metres of water frontage on Long Island Sound and two offshore islands (it's basically as grand as the house in The Great Gatsby and then some).
The main house's living, dining and library rooms all have grand fireplaces, and the master bedroom has a marble ensuite and a private sleeping porch (that's so rich-person, we don't even know what it is). There's also a three-bedroom guest house (that'll do for us), a carriage house with a clock tower (another super-duper-rich-person-only thing) and a pool house that looks over the 23-metre pool.
The home was constructed in 1896, was bought by the Lauder-Greenway family in 1904 (they are steel magnates, not the skincare people) and was then quietly purchased by timber tycoon John Rudey 31 years ago, and he's now keen to sell.
Greenwich has long been known for its pricey abodes, thanks to the quick commute to Manhattan (45 minutes by car) and the high population of hedge-fund types who have offices in the small town. In the 1920s, it was dubbed "the richest town per capita in the world", and ludicrously rich people built ostentatious houses there - in 1910 I.N. Phelps Stokes had a 16th century Tudor manor in the UK taken apart piece by piece, and then shipped to his land in Greenwich in 688 numbered cases. Ballin'.
The 117-year-old Copper Beech Farm is considered one of the town's 46 most architecturally significant abodes, but the question, remains, will it actually sell at its "most expensive" price tag?
Record prices are good for drumming up 15 minutes of fame, but the houses can take years to sell, and almost always end up going for far less than planned: in 2009, Candy Spelling put her Los Angeles 123-room mansion on the market for NZ$190 million, British socialite Petra Ecclestone bought it for $109 million in 2011.
In 2007, the Beverly Hills compound of William Randolph Hearst was listed for $211 million. How did that go? It's still on the market today.
- © Fairfax NZ News
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