AP NEWS

Backcountry Greenwich home sells for eight figures

February 22, 2019

GREENWICH — A backcountry home has sold for $11.2 million, in what appears to be the town’s largest residential sale so far this year.

The 5.3-acre lakefront property at 35 Close Road changed hands Tuesday, after going on the market in July 2017. It was listed at $12 million, an amount that never changed.

Danielle Malloy, of Five Corner Properties, was the listing agent representing the seller and Deborah Huffard, of Houlihan Lawrence, represented the buyer. The names of the buyer and seller were not disclosed.

The 12,500-square-foot Georgian colonial home overlooks Wilshire Lake, with 300 square feet of water frontage that includes a private dock.

Built in 2006, the house includes eight bedrooms and 11 bathrooms. Among other amenities are a heated swimming pool, squash-basketball court, home theater, fireside recreational room and wine cellar.

Estimated annual property taxes for 35 Close Road run at about $83,000.

Last year’s top seller was a midcountry home, at 110 Clapboard Ridge Road. It went for $17.5 million, half its original asking price.

The most-expensive current listing in Greenwich is a nearly 6-acre estate on Vista Drive, overlooking Indian Harbor, that was once owned by President Donald Trump. Its current asking price is $45 million, down from the original listing of $54 million.

Among other eight-figure listings, the price of Round Hill Manor, a former home of the late hotel magnate Leona Helmsley, was cut last month by about $6.5 million.

The reduction represented the latest of several discounts on the 40-acre backcountry property, at 521 Round Hill Road, which is now listed at $22.5 million after originally going on the market for nearly $50 million.

Other available eight-figure homes in town include a 75-acre backcountry estate at 124 Old Mill Road. Once owned by Mel Gibson, the Tudor-style manor now lists for about $20 million. The subsequent owners initially listed the property for $31.5 million in 2015.

A total of 27 single-family homes were sold in Greenwich last month, compared with 30 sales in January 2018, according to the Greenwich Association of Realtors.

The median sale price increased to $2 million, compared with $1.43 million in January 2018.

Greenwich homes for sale spent an average of 241 days on the market, compared with 237 in January 2018.

pschott@scni.com; 203-964-2236; twitter: @paulschott