Copper Beech Farm Sells for Record $139 Million

The record for the most expensive home sale in Connecticut has been broken.

Copper Beech Farm in Greenwich was purchased by an anonymous buyer for $138.8 million, the Wall Street Journal reported. The seller — a limited liability company connected to hedge fund billionaire Ray Dalio — spent $120 million to buy the waterfront estate in 2014, a record for the state at the time.

The property was listed for sale in February for $150 million. The buyer inquired about the property within a week of its listing and visited the estate within its first month on the market.

The deal technically works out to about $10,300 per square foot, though that only considers the 13,500-square-foot main house, a miniscule sliver of the 50-acre estate. The property has a mile of private frontage on the Long Island Sound.

Copper Beech Farm Sells for Record $139 Million — Copper Beech Farm in Greenwich (Copper Beech Farm via Leslie McElwreath/Sotheby’s)

The French Renaissance-style main mansion has eight rooms, an upstairs balcony, a partially finished basement and nine fireplaces. There’s a three-bedroom gate house and a two-bedroom carriage house, which has a clock tower.

The estate also has two private beaches, a bathhouse and a private island, accessible by paddling out across the Sound. There’s also a grass tennis court, greenhouses and a 75-foot swimming pool.

The 19th-century estate once belonged to the Lauder Greenway family, whose scion aided Andrew Carnegie in the formation of U.S. Steel. While it is being sold as a single-family home, there’s development potential because it is split between two parcels and could be subdivided into a dozen building lots.

Sotheby’s International Realty’s Leslie McElwreath, Nikki Field and Joseph Barbieri shared the listing. Douglas Elliman’s Stephanie Bo Li represented the buyer, who “had a lot of money,” Barbieri told the publication.

While the agents involved in the deal are touting the transaction as a Connecticut record, it doesn’t come close to the national record. That belongs to Ken Griffin, who paid $238 million for a penthouse at 220 Central Park South in 2019.

— Holden Walter-Warner