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Most expensive home sells in Greenwich, Conn.: Grand splendor of an era gone by

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The most expensive home in the U.S. was sold for $120 million and that sale went down in Greenwich, Connecticut. Copper Beech Farm, named for the many copper beech trees that line the property, was on the market for a short 11 months, reports Forbes on April 16.

Why such a high price for this home? It boasts 50 acres on the Connecticut shore line, which is the only 50-acre waterfront piece of property within 45 minutes of New York City. The property was sold by a real estate firm that is affiliated with Christie’s International Real Estate, which is David Ogilvy & Associates. The buyer’s name was not disclosed, but it was purchased through an LLC.

When the estate was listed back in May, the asking price was $190 million and the price continued to drop throughout the 11 months until the $120 million price tag enticed a buyer. Realtor.com reports that the Copper Beech Estate was thought of as an “unsellable” property because of the whopping asking price of $120 million.

Built over a century ago in 1896, the house was purchased in 1904 by the daughter of George Lauder, who helped form U.S. Steele with Andrew Carnegie. Harriet Lauder Greenway lived at the Copper Beech Estate for over 75 years.

Over 30 years ago the next owner purchased the house in an off-market deal and lived there until it went up for sale for the third time since it was built. John Rudey, the timber tycoon, is the seller of the property today. This is the first time that the property was ever offered for public sale.

The main house boasts 13,519 square-feet with 12 bedrooms. The bedrooms were designed over a century ago and they include “sleeping porches,” which was where the occupants would sleep during the hot, humid and muggy summer months before air conditioning was invented.

Many of the old rambling shore front homes have the sleeping porches so they could take advantage of the cool breeze coming off of Long Island Sound during the summer. Each bedroom has a fireplace, which was needed to equally combat the frigid deep freeze that makes up most of Connecticut’s winters.

It was a home that had all the creature comforts for its day and age. The new owner will keep the estate’s buildings the way they are, keeping the home intact with all its yesteryear splendor. This includes a three-story foyer at the front entrance, a wine cellar, seven full bathrooms and two half-baths, a wood paneled library and a solarium.

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