(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 email@example.com +1 305 663 3543 Antonia Koumantaropoulou, Christie’s International Real Estate firstname.lastname@example.org +44 (0)20 7389 2855 Michael Sherman Christie’s International Real Estate email@example.com +1 212 974 4585 (bjh) NY #<873920.660618.104.22.168.0.76>#
COPPER BEECH FARM IN GREENWICH, CONNECTICUT SELLS FOR $120M
Press spacebar to pause and continue. Press esc to stop.