Real Estate

$14.9 million palatial estate priced to break a local record in CT

Hidden behind a stone wall spanning 1,500 toes in considered one of Connecticut’s wealthiest neighborhoods is a palatial estate with a nice room impressed by a Scottish fortress. The brick-and-limestone residence, constructed in 1929, is the most costly residence on the market in New Canaan with a $14.9 million price ticket.

Prices in the rich enclave, about 40 miles northeast of New York City, have been on a regular a rise, in accordance to an evaluation by Jonathan Miller, president of actual estate appraisal and consulting agency Miller Samuel. Still, the estate’s price ticket is greater than seven instances the $1.9 million common New Canaan sale value in the second quarter, in accordance to actual estate agency Douglas Elliman.

The non-public drive leads to lush landscaping and a fountain on the residence’s major entry.

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The parlor of the primary residence.

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Listing agent Danielle Malloy, of NestSeekers International, informed CNBC the neighborhood attracts high-level executives and that she’s assured the property’s sale value will smash the local record. That was set in 2014, when a 14,000-square-foot mansion on 52 acres bought for $14.3 million, in accordance to public information.

“It’s the crown jewel of New Canaan built with the highest quality materials that you can’t find these days,” stated Malloy, “There’s nothing else like it.”

The Gallery Hall is encased in iron-framed home windows with limestone partitions and flooring made from Tunisian marble.

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Orchard’s End sits on a smaller lot than the mansion that set the present record, however delivers extra dwelling space. The meticulously manicured property spans over 6.2 acres and contains 25,000 sq. toes throughout three constructions. The residence boasts 35 rooms, 12 bedrooms, 16 baths, a resort-sized pool and out of doors basket ball courtroom.

Back garden view and pool space.

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Malloy informed CNBC the estate has undergone modifications over the a long time, with previous house owners making important upgrades and dramatic expansions. The major residence, initially designed by acclaimed architect William Tubby, has greater than doubled in measurement and presently spans 18,000 sq. toes.

The Great Room takes inspiration from a Scottish Castle.

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The residence additionally now contains a nice room impressed by Duart Castle, which is situated on Scotland’s Isle of Mull and was featured in the 1999 film “Entrapment” starring Sean Connery and Catherine Zeta-Jones.

The view from the mezzanine balcony in the Great Room.

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The space has uncovered beams that crisscross the 35-foot excessive ceiling, heated Tunisian marble flooring, steel-framed home windows and a mezzanine balcony.

A portion of the estate’s seven-foot stone wall that spans 1,500 toes.

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“The mayor of Mexico City bought the property in the 80s and he built one of the largest stone mortar-less walls.”

Malloy stated the mayor constructed the stone barrier across the property that is 7-feet excessive and 1,500-feet lengthy for an extra layer of privateness and safety.

A round staircase leads to the highest of the house’s windowed turret.

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More lately, the estate’s present house owners undertook a three-year, $6 million renovation that added much more dwelling space, together with a four-bedroom visitor home, and the conversion of the estate’s outdated horse stables into a 5,000-square-foot carriage home.

The exterior view of the outdated horse stables lately transformed into a 5,000 sq ft wellness space.

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This newly renovated space contains what Malloy stated the proprietor’s name a “she shed” − a feminine model of a man cave.

The lounge and bar space contained in the so-called She Shed.

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The so-called shed is a wellness-themed lounge space with its personal tea and juice bar with seating for seven.

The outdated horse stables now home an expansive yoga studio.

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The shed is linked to a big yoga studio, weight-training fitness center and sauna.

The newest proprietor’s spherical of additives additionally delivered a newly constructed kitchen, a good greater main bed room suite and closet.

Primary bed room

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The main bed room’s ensuite bathtub.

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The third degree can be devoted to youngsters, with a giant sport room, one other fitness center and a bunk room for sleepovers that sleeps six.

The major residence’s second ground sport room.

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An interior courtyard and eating space from above.

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According to Miller, the common value per sq. foot in the neighborhood hit $546 in the second quarter, up virtually 22% from a year in the past. Orchard’s End’s checklist value places the estate at just below $600 per sq. foot.

Real estate taxes on the property, which first hit the market in early 2022 at $16.9M, are about $86,000 a year, Malloy stated.

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