Luxury real estate price of 14.9 million dollars to break the local record in CT
Hidden behind a 1,500-foot-high stone wall in one of Connecticut’s wealthiest neighborhoods is a stately estate with a gorgeous room inspired by a Scottish castle. The brick and limestone residence, built in 1929, is the most expensive home for sale in New Canaan at $14.9 million.
Prices in the affluent enclave, about 40 miles northeast of New York City, have been steadily rising, according to an analysis by Jonathan Miller, president of Samuel Miller Real Estate Appraisal and Consulting. Still, the property’s price is more than seven times the New Canaan average selling price of $1.9 million in the second quarter, according to real estate firm Douglas Elleman.
Private driving leads to lush landscaping and a fountain at the main entrance to the house.
Listing agent Danielle Malloy, of NestSeekers International, told CNBC that the neighborhood attracts high-profile executives and she is confident the property’s sale price will break the local record. That was determined in 2014, when a 14,000-square-foot mansion on 52 acres sold for $14.3 million, according to public records.
“It’s the crown jewel of New Canaan built with the highest quality materials you can’t find these days,” Malloy said. “There’s nothing else like it.”
The exhibition hall is covered with iron-framed windows with limestone walls and floors made of Tunisian marble.
Orchard’s End is located on a smaller lot than the current record-setting mansion, but offers more living space. The meticulously manicured property spans over 6.2 acres and includes 25,000 square feet across three structures. The residence features 35 rooms, 12 bedrooms, 16 bathrooms, a resort-sized pool, and an outdoor basketball court.
View of the back garden and pool area.
Malloy told CNBC that the property has undergone changes over decades, with previous owners making major upgrades and expansions. Originally designed by renowned architect William Toby, the headquarters has doubled in size and currently stands at 18,000 square feet.
The Great Room is inspired by the Scottish castle.
The house now also includes a gorgeous room inspired by Duart Castle, which is located on the Isle of Mull in Scotland and was featured in the 1999 movie “Entrapment” starring Sean Connery and Catherine Zeta-Jones.
The view from the mezzanine balcony in the grand room.
The space has exposed beams crisscrossing the 35-foot ceiling, heated marble floors, steel-framed windows, and a mezzanine balcony.
Part of a seven-foot-high stone wall that stretches 1,500 feet.
“The mayor of Mexico City bought the property in the 1980s and built one of the largest mortar-free walls.”
Malloy said the mayor built a stone barrier around the property 7 feet high and 1,500 feet long to provide an extra layer of privacy and security.
A circular staircase leads to the top of the house’s windowed tower.
Recently, the property’s current owners undertook a three-year, $6 million renovation that added more living space, including a four-bedroom guest house, and converted the property’s old horse stables into a 5,000-square-foot moving home.
The exterior view of the old horse stables was recently converted into a 5,000 square foot wellness area.
This newly renovated area houses what Malloy said the owner calls “she shed” – a women’s version of a man’s cave.
The lounge and bar area is inside the so called Shed.
The so-called penthouse is a healthy-themed lounge area with its own tea and juice bar with seating for seven.
The old horse stables now house a spacious yoga studio.
The penthouse is connected to a giant yoga studio, fitness room and sauna.
The latest round of additions also provided the owner with a newly built kitchen, suite, larger master bedroom, and closet.
Master bedroom private bathroom.
The third level is for children, with a large playroom, another gymnasium and a bunk room for sleeping six people.
Second floor game room in the main residence.
Indoor patio and top dining area.
According to Miller, the average price per square foot in the neighborhood was $546 in the second quarter, up nearly 22% from a year ago. Orchard’s End’s list price puts the property at less than $600 per square foot.
Malloy said property taxes on the property, which first hit the market in early 2022 at $16.9 million, are about $86,000 a year.