50-acre Connecticut estate sells for $120 million

Screenshot from the property's video listing on YouTube, which is embedded at the end of this article.
Screenshot from the property's video listing on YouTube, which is embedded at the end of this article.

GREENWICH, Conn. (AP) — A 12-bedroom waterfront estate on 50 acres in wealthy Greenwich has been sold for $120 million.

Even though that’s $70 million under Copper Beech Farm’s initial listing price, real estate agent David Ogilvy tells the Greenwich Time (http://bit.ly/1jzpxJN ) he believes the sum is the most ever paid for a residential property in the United States. The paperwork finalizing the sale to a limited liability company was filed Friday.

The 13,000-square-foot French Renaissance-style home has a 75-foot pool, grass tennis court, a stone carriage house and two islands in Long Island Sound.

Ogilvy says Copper Beech Farm edged out a Silicon Valley property sold last year for $117.5 million.

Built in 1896, Copper Beech Farm was once owned by Andrew Carnegie’s niece Harriet Lauder Greenway.

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