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real estate

$190 Million Greenwich Compound Is Priciest Home In The U.S.

A glance at a property in Greenwich that is reported to be the most expensive listing in the United States. It is listed for $190 million.
A glance at a property in Greenwich that is reported to be the most expensive listing in the United States. It is listed for $190 million. Photo Credit: With permission from David Ogilvy
An aerial view of the Greenwich property that is being listed for $190 million.
An aerial view of the Greenwich property that is being listed for $190 million. Photo Credit: With permission from David Ogilvy

GREENWICH, Conn. – A waterfront home on the Greenwich waterfront that was listed on Friday for $190 million is believed to be the most expensive home in the United States, according to a report in the Wall Street Journal.

Listing agent David Ogilvy says the 12-bedroom Neo-French Renaissance Victorian and the 50.6-acre property is “a fantastic piece of property.”

“It’s just an incredibly beautiful spot,’’ said Ogilvy, whose real estate office is part of Christie’s International Real Estate. "There were a few other major houses down on the water. The only one of this size that has sold was in Riverside in 1952 or '53. There hasn’t been anything else on either side of the water like this.”

The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.

The home was built in 1896 – Ogilvy had no record of its original cost – and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel, according to the Wall Street Journal story. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property is being listed for the first time since 1904, according to the Ogilvy listing.

Ogilvy said the price tag was based on appraisals and previous waterfront sales. “A home with 4.2 acres went for $39.5 million, or about $9 million an acre,’’ he said. “You multiply that by 50, and you get a hefty number. Sometimes people are shocked at how much it is. It’s the only one with 50 acres left in Greenwich.”

The Realtor said he and Rudey have had conversations over the past few years about the property. “I knew the property, but I was even more amazed when I saw it,’’ Ogilvy said.

The owner has no timetable for a sale, Ogilvy also said. “There was a property that I listed and sold back in 2004 for $45 million,’’ Ogilvy said. “People told me I had rocks in my head, and we listed it, sold it and closed on it in 100 days. A timetable is not a problem.”

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