Sunday, June 9, 2013

Sunday diversion: $190 million house?

I guess we will call this house porn.

Greenwich, Conn. has long been known for its pricey ZIP codes, enviable proximity to New York City, and of course, a diaspora of wealthy Wall Street residents that has earned it a nickname as the hedge fund capital of the country.

Now the tony town will be known for something else: America's most expensive home for sale.

With an astounding asking price of $190 million, Copper Beech Farm has come to market as one of Greenwich's last 'Great Estates,' a designation assigned by the Junior League of Greenwich in a 1986 coffee table book highlighting the town's 46 most architecturally significant historic abodes.

At that nine-figure price tag, Copper Beech Farm trumps every other U.S. residence publicly listed for sale, asking nearly 30% more than the country's second most expensive home, the $135 million Crespi-Hicks estate in Dallas, Texas.

Makes a $25 million condo condo seem like peanuts, doesn't it?


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  1. I have to say that the purchase of the $25 million condo has shaken my faith in Vancouver being the little village by the sea. If some worldly traveler sees fit to drop 25 million on a condo here what does that say about Vancouver? Maybe we are more special and "world class" than we want to admit. I'm confused.

  2. Rest at ease. With today's obscene corporate CEO salaries (ie: GE's Chairman and CEO Jeffrey Immelt total compensation for 2012 was $20 million.) there will always be a "worldly traveller" dropping a few million on a pieds a terre in a quaint little town by the sea. What is $25 million to Immelt and his ilk?
    Vancouver is a lovely place to visit for a few days a year. It is special, if you can afford a $25 million house. And it does have "world class" views, from the homes of the corporate royalty.

    For the rest of us, trudging through the rainy, overpriced village, with no head offices and few opportunities, it's clear that most of us will never own a house.
    It's no wonder that there has been a net migration out of Vancouver over the past decade.

  3. No one want to admit, say, brag or bore the pants of visitors to this city with the term "world class" than the residents of this fair city.