A charitable organization has splashed out USD 120 million on a phenomenal fifty acre private estate, smashing America’s real estate record and creating a sensation right across the private island world.
Just when you thought you’d seen it all, Private Island News can now reveal that yet another real estate record has been broken, this time in the form of a fabulous fifty acre compound in Connecticut, sold earlier this week for a flabbergasting USD 120 million.
Home to a mansion, a mile of shorefront and a pair of pristine private islands, the sale of Copper Beech Farm has already been confirmed by real estate experts as the most expensive residential property transaction in U.S. history, shattering the previous record held by Softbank billionaire Masayoshi Son, who paid USD 117.5 million for his Woodside estate late last year.
As well as breaking the U.S. residential real estate record, according to Farhad Vladi, CEO of Vladi Private Islands, the sale of Copper Beech Farm has also created a sensation across the international private island market. “Never before has a conservation group paid so much money for a private island property,” said the German-based island broker. “It’s definitely a world record.”
Whilst little is known about the purchaser – thought to have bought the property under the guise of a charitable organization known as “Conservation Institute LLC” – even less is known about his motives. A representative of Vladi Private Islands affiliated Christie’s International Real Estate was, however, able to divulge to us that the buyer plans to keep his incredible estate intact.
Constructed in 1898, an incredible French-Renaissance mansion (boasting a phenomenal 13,519 square foot surface area) can be found towards the heart of the estate, forming home to twelve bedrooms (most of which boast their own fireplaces), nine bathrooms, a wine cellar, a wood-paneled library, a solarium with sweeping views of the Cos Cob Harbor and so much more.
Further wonders await within the property’s well-tended gardens, including a carriage house (complete with its own clock tower), a Wimbledon-worthy grass tennis court, co-joined heptagonal pools, an adjoining spa and – of course – a pair of pristine private islands, perfectly positioned in the picturesque waters of the Long Island Sound.
On the market for a mere eleven months, the speedy sale of this high-priced house forms further proof that the luxury real estate market has recovered well from the global recession, and, after weathering out a rocky start to the decade, is once again enjoying rude health.
And with a number of other similarly exclusive private island properties available on a strictly off-market basis through the likes of Vladi Private Islands and Christie’s International Real Estate, we’ve got a sneaky feeling that Copper Beech Farm won’t be the only record-breaking real estate deal we see this year…