At $175M, Listing Could Break U.S. Record

September 19, 2016

A 63-acre island estate in Darien, Conn., could potentially become the highest paid for a residential property in the U.S., that is if a buyer is found to pay the $175 million asking price, the Associated Press reports.

The estate, known as the Great Island, has been owned since around 1900 by the family and descendants of William Ziegler, an industrialist whose fortunes were attributed to baking powder. The main house on the property has not been occupied for awhile as the younger descendants have moved on, says David Ogilvy, the listing agent for the property.

The estate could shatter the previous record for the priciest U.S. home – a home in New York’s Hamptons that sold in 2014 for $147 million, Jonathan Miller, president of Miller Samuel Real Estate Appraisers & Consultants, told the Associated Press.

The Great Island features a stone mansion, 21-stall horse stable, polo field, private beach and dock, and a boathouse. The estate is located on Long Island Sound and connected to the mainland by man-made strips of land. Several additional homes also are located on the property.

Source: “What Could You Get for $175M? A Huge Estate and a U.S. Record,” Associated Press (Sept. 16, 2016)