9 Sabine Farms is new to the market today, priced at $31.5 million.
It's a magnificent, 1910 mansion of some 12,000 feet, and comes with 19 acres, divisible into three lots of 9, 8 and 2 acres, respectively, but what's the market? No builder in his right mind is going to buy lots at this price, so that leaves end-users as buyers; this is not a popular style of house these days, and certainly not a popular price.
Of course you never know what will tickle a (very rich) man's fancy, so perhaps a homesick English Lord will surface, though as I understand the financial situation of the landed gentry over there, most of them are poor as church mice.
Five years, five substantial price cuts, is my prediction.
Billionaire trader Stanley Druckenmiller is listing his palatial Connecticut estate Sabine Farm for $31.5 million, according to listing agent Leslie McElwreath of Sotheby’s International Realty.
Sitting on about 19½ landscaped acres in Greenwich, the property’s main house measures roughly 12,200 square feet. It has 11 wood-burning fireplaces and details like plaster tracery ceilings and a 9-panel mural in the library depicting the search for the Holy Grail, Ms. McElwreath said. A three-story turret contains a staircase illuminated by leaded-glass windows. A covered porch at the back of the house overlooks the rolling lawn.
The home was built in 1910, but was restored and renovated by Mr. Druckenmiller and his wife Fiona, who bought the estate in 2004 for $23 million, Ms. McElwreath said