Most Expensive Sale in US History?

gt0518gtestate-201In what is believed to be the most expensive acreage in US history — the highest single family home sale price in the entire country — the 50-acre waterfront Copper Beech Farm estate sold Friday for $120 million. Purchased by an undisclosed buyer through the “Conversation Institute, LLC”, is a 51-acre farm with a mansion.  The acreage, the location, the price, and the history are all unparalleled! According to Curbed.com, the sale of the home at 499 Indian Field Rd. in the private Mead Point enclave, is the second-largest recorded in U.S. history — the most expensive being Montana’s Broken O Ranch, which sold in 2012 for $132.5 million.

The Copper Beech Estate, which had been owned by John Rudey, a timber magnate with holdings in Washington state, was built in 1898 by the Lauder Greenway family, who were founders with Andrew Carnegie of U.S. Steel. In the coming years, the sprawling stone-and-shingle mansion, built in the French Renaissance fashion, would crown an estate that grew to more than 100 acres at one time, before the Lauder-Greenway family began donating large parcels of land for various causes. It boasts 4,000 feet of private beach on Long Island Sound as well as two islands. comprised of a 30.6 acre parcel and a 20-acre parcel, the property listed in May 2013 with a pricetag of $190 million. There were price reductions and then an offered option of purchasing 30.6 acres of the estate — including the 12-bedroom main house — for $76.9 million.