Former CitiGroup Chief Executive Officer Sandy Weill listed a 14,870 square foot Colonial on 6.3 acres, at 440 Round Hill Road in Greenwich last week, asking $14 million for the property, which was previously owned by his son Marc.
The property sits directly next to another home owned by the Weill family — a 9,495 square-foot brick Colonial at 444 Round Hill Road, situated on 8.26 acres of land.
“Sandy and Joan Weill owned the land, and very much wanted to create a family compound, so they encouraged their son Marc to build a home there,” listing agent Lyn Stevens of Sotheby’s International Realty said of the origin of the house on the market, which was built in 2004. With 18 rooms, including six bedrooms, and nine full bathrooms, the sprawling stone-and-shingle manor home has drawn a lot of interest since it was publicly announced to be on the market last week in the Wall Street Journal.
In addition to the home itself, which was designed by Ira Grandberg, the property also includes a caretaker’s cottage and an in-ground pool, koi pond and acres of private space to live outdoors.
“To be in backcountry and have 6.3 acres, you have this amazing sense of privacy and property, which is lovely,” said Stevens, adding that “you feel like you’re on 12 acres,” thanks to the view of the apple orchards planted on Weill’s neighboring home.
“It’s not often that something like this comes onto the market,” said Stevens.
The Weill’s tried their hand at selling the house back in 2009, after they purchased it back from their son in September, 2008 for $11 million, but found that the market couldn’t support such a prized listing during the economic recession, so they held on to it. But now, as their life takes them out to California where they own a vineyard, Stevens said it makes sense to sell their son’s former house, where a family friend has been living for several years. They plan to continue owning their own home next door.
And Stevens said she thinks the market is ready for such a prestigious property.
“The market is getting much better and inventory is quite low,” she said.
A $14 million price tag means the pool of potential buyers is small, even for Greenwich — in 2013, only 2 percent of the properties sold in town went for more than $7.5 million — but Stevens said she has an idea of what kind of buyer will throw their hat in the ring.
“I think it’s going to have appeal to a wide variety of people. We’d love to see a young family, someone raising a family, since it has such amenities for them. But I could see it equally appealing to an international couple who use it as a secondary home,” she said, adding that the interior of the house has a very European feel to it.
After listing the property on Friday, Stevens said she’s already had a lot of interest, and has already begun showing the home, which has been cleared of decorations and furniture to allow prospective buyers to imagine their own lives inside the stone walls.