Copper Beech Estate Has Sold for $120 Million

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When Copper Beech Farm hit the market for $190 million in May 2013, the Greenwich, CT home made headlines for stealing the title for the most expensive residential listing, ever. Even after the price dropped by $50 million in September and was re-listed for $130 million earlier this year, it was still the third-priciest home on the market.

Now, the 12-bedroom, 8-bathroom mansion on 50.5 waterfront acres has sold for $120 million, CTNews.com reports. The listing firm, David Ogilvy & Associates, confirmed the sale.

With Los Angeles’ Fleur de Lys estate selling for $102 million before being rented out for $400,000 a month, April is quickly turning into a month of multimillion-dollar home sales. According to Curbed, Copper Beech is the reigning champ for single-family residential sales in the United States. Looking back six years, the only home that came close on Zillow is a Woodside, CA estate that sold for $117.5 million.

Everything about Copper Beech is grand. The property includes two mainland parcels and two islands with a total of 1 mile of shoreline on the coveted Long Island Sound. The main house — which embodies that “Great Gatsby”-style grandeur and old-world charm — has 12-foot ceilings, a solarium and sleeping porches. Most of the buildings throughout the estate retain details from the home’s original 1898 construction: the carriage house still has a clock tower, and the garage includes milking stalls.

The home was built by the Lauder Greenway family, of which George Lauder was a partner in Carnegie Steel. It was sold quietly 31 years ago to John Rudey, who leads several timber companies, including U.S. Timberlands Services Company and American Forest Services.

In an earlier interview, Rudey told the Wall Street Journal that he was selling because his children have grown. At that time, he said the home was in good condition but that the interior needs a few upgrades.

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Catherine Sherman, a real estate writer for Zillow Blog, covers real estate news, industry trends and home design. Read more of her work here.

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