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50-Acre Waterfront Greenwich Property Sells For $120 Million

A 50-acre Greenwich waterfront estate has sold for $120 million, according to reports.
A 50-acre Greenwich waterfront estate has sold for $120 million, according to reports. Photo Credit: With permission from David Ogilvy

GREENWICH, Conn. -- After nearly a year on the market, a 50-acre Copper Beech estate on the Greenwich waterfront has been sold for a staggering $120 million, according to CT Post.

The 12-bedroom, seven-bathroom Neo-French Renaissance Victorian mansion set a record when it went on the market in May 2013 for $190 million as the most expensive home for sale in American history. Even with the cut in price of $70 million, the transaction is still be one of the largest in U.S. history for a single-family home.

The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.

The home was built in 1896 and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie to start what would become U.S. Steel. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property was listed for the first time since 1904, according to David Ogilvy Real Estate .

According to Ogilvy, it is the last 50-acre property in Greenwich.

Read the full story here.