A Greenwich, Conn., waterfront mansion has been sold for $120 million, making it the largest purchase of a single-family home in U.S. history.

NEW YORK, NY– Copper Beech Farm, the magnificent estate situated on more than 50 waterfront acres in Greenwich, Connecticut, has sold for $120 million to an undisclosed buyer. Offered by David Ogilvy & Associateswith international marketing services provided by Christie’s International Real Estate, the sale represents the largest transaction in U.S. history for a single-family residential property.

This property with spectacular views across Long Island Sound is the last waterfront parcel of its size in Greenwich or anywhere along the coast from Greenwich to New York City and boasts a rich and distinguished history. Built in 1896, it was purchased by the Lauder Greenway family, co-founders of U.S. Steel with Andrew Carnegie who lived there for 75 years. Their heirs sold it in the 1980’s and it has been used as a weekend retreat since then.

“High-end sales at this end of the spectrum are compelling indicators of the continued growth of the luxury residential real estate market,” said Kathleen Coumou, Senior Vice President of Christie’s International Real Estate. “I congratulate David Ogilvy on this splendid achievement.”

“We’re delighted to have listed and sold this incredible property,” said David Ogilvy. “Copper Beech Farm is the ultimate waterfront property in Greenwich on the fabled Connecticut coast and there simply are no more in existence like it. The property’s new owners will truly enjoy the total privacy, exclusivity, and unparalleled waterfront location just 45 minutes from New York City.”

From its vantage point 40 feet above mean high water, the main residence offers panoramic vistas across Long Island Sound including Island Beach, a public offshore island park given to the town by the Lauder Greenway family. The estate also includes two offshore islands and together, the property has almost a mile of shorefront. Copper Beech Farm is easily reachable from New York City by car or train in Greenwich, has easy access to all major New York airports and is a short drive from Greenwich’s many world-class shops, restaurants, schools, and recreational offerings.

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