When we broke the news of the Copper Beech sale this morning, the information we had at our fingertips was pretty limited: A whisper from a reader; a confirmation from Town Hall. But now we’ve got a bit more information that we can share.
First, the buyer is listed as The Conservation Institute, LLC., a Connecticut limited liability company with an address listed in Stamford. No surprises here that the property was bought by an LLC. That’s a standard move for a trophy piece.
Second, while we can’t learn much about the buyer because of that LLC privacy shield, listing agent David Ogilvy told me earlier this afternoon that the buyer was not local. That shoots down some of the rumors we’ve been hearing that the buyer could be none other than Bridgewater Associate’s Ray Dalio, since he’s a Greenwich guy. It does not negate rumors that it might be a wealthy Russian, but we’re not in the business of speculation.
Third, this is the single most expensive residential sale Greenwich has ever seen. In fact, it’s the most expensive single-family residential property sold in the United States, according to Ogilvy and the real estate website Curbed. Here’s what they had to say:
Though it sold for just 61 percent of its initial ask, the property still managed to edge out a win over the reigning champ of single-family residential sales in the United States, a nine-acre Silicon Valley spread that sold for $117.5M in January 2013. (It did not, in fact, beat Montana’s Broken O Ranch, which sold in 2012 for $132.5M—though most would consider that a working farm and not a single-family home of the Copper Beech breed.)
Fourth, you can read all about this huge sale in tomorrow’s edition of the Greenwich Time.