COPPER BEECH FARM IN GREENWICH, CONNECTICUT SELLS FOR $120M

(The following is a reformatted version of a press release
issued by Christie’s International Real Estate and received via
electronic mail. The release was confirmed by the sender.) 
COPPER BEECH FARM, THE WATERFRONT ESTATE IN GREENWICH,
CONNECTICUT, SELLS FOR $120 MILLION 
Transaction for the 50-acre property is the largest in U.S.
history for a single-family home 
NEW YORK, NY (April 15, 2014) - Copper Beech Farm, the
magnificent estate situated on more than 50 waterfront acres in
Greenwich, Connecticut, has sold for $120 million to an
undisclosed buyer.  Offered by David Ogilvy & Associates with
international marketing services provided by Christie’s
International Real Estate, the sale represents the largest
transaction in U.S. history for a single-family residential
property. 
This property with spectacular views across Long Island Sound is
the last waterfront parcel of its size in Greenwich or anywhere
along the coast from Greenwich to New York City and boasts a
rich and distinguished history.  Built in 1896, it was purchased
by the Lauder Greenway family, co-founders of U.S. Steel with
Andrew Carnegie who lived there for 75 years.  Their heirs sold
it in the 1980’s and it has been used as a weekend retreat since
then. 
“High-end sales at this end of the spectrum are compelling
indicators of the continued growth of the luxury residential
real estate market,” said Kathleen Coumou, Senior Vice President
of Christie’s International Real Estate.  “I congratulate David
Ogilvy on this splendid achievement.” 
“We’re delighted to have listed and sold this incredible
property,” said David Ogilvy. “Copper Beech Farm is the ultimate
waterfront property in Greenwich on the fabled Connecticut coast
and there simply are no more in existence like it. The
property’s new owners will truly enjoy the total privacy,
exclusivity, and unparalleled waterfront location just 45
minutes from New York City.” 
From its vantage point 40 feet above mean high water, the main
residence offers panoramic vistas across Long Island Sound
including Island Beach, a public offshore island park given to
the town by the Lauder Greenway family. The estate also includes
two offshore islands and together, the property has almost a
mile of shorefront.  Copper Beech Farm is easily reachable from
New York City by car or train in Greenwich,  has easy access to
all major New York airports and is a short drive from
Greenwich’s many world-class shops, restaurants, schools, and
recreational offerings. 
About Christie’s International Real Estate
Christie’s International Real Estate is an invitation-only
Affiliate network composed of the world’s most proven and
qualified real estate specialists in the luxury residential
sector. The company has offices in London, New York, Hong Kong,
Beverly Hills, Chicago, and Palm Beach, and more than 135 global
Affiliates with 25,000 real estate professionals in 45
countries.   Christie’s International Real Estate recently sold
the former home of Joseph Hirschorn in Washington whose
sculpture garden is now at the Smithsonian, after having resided
at their former estate in Greenwich, also sold by David Ogilvy &
Associates.  For additional information about Christie’s
International Real Estate, please visit
www.christiesrealestate.com 
About David Ogilvy & Associates
David Ogilvy & Associates, the well known Ogilvy brand headed by
David Ogilvy, long the recognized leader in high end properties
in Greenwich, Connecticut, is a major force in the Greenwich
market, having not only listed and sold a Conyers Farm estate,
the previous top sale ever made in Greenwich at $45 million as
well as many of the other top residential sales ever made here,
year after year.  Noted as the most recognized firm for superb
advertising, exemplary marketing and brilliant execution of each
and every sale.  David Ogilvy & Associates has been the proud
exclusive affiliate of Christie’s International Real Estate in
Greenwich ever since its inception in 1987. 
Israel Kreps
Kreps DeMaria
ikreps@krepspr.com
+1 305 663 3543 
Antonia Koumantaropoulou,
Christie’s International Real Estate
akoumantaropoulou@christies.com
+44 (0)20 7389 2855 
Michael Sherman
Christie’s International Real Estate
msherman@christies.com
+1 212 974 4585 
(bjh) NY 
#<873920.660640.3.12.0.0.76>#
 
 
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