And by God, he'd better: he's going to keep owning it for a long time, apparently

534 Riversville Road

534 Riversville Road

Greenwich Time reports on a wonderful old home at 534 Riversville Road that's asking, and not getting, $12.995 million.

It's a grand Italian villa dating to 1900 (full listing here) and included in the 1930s "Great Estates of Greenwich" volume (when I'm sure it had more than the ten acres it now sits on) and the current owners have done a magnificent job making it a beautiful, up-to-date home. But it's been on the market since May, 2013, with its price firmly lodged at $12.995 for all that time, except for a brief, 3-month period at the beginning, when it started at $15.950. Ogilvy had it for much of that time, now Robin Kencel does, and you couldn't hire better sales agents for this property: each loves and appreciates old homes.

But you can't sell what no one wants, and from a strictly objective view of the lack of results here, ignoring completely the merits of the house itself, it's fair to say that the buyers prowling the market in this price range today don't want it. 

From the Greenwich Time sales piece:

The house was put on the market, but Andy Ban is having second thoughts about renewing the listing. The $12,995,000 sale price is being handled by Douglas Elliman Real Estate.
Looking around his beloved home, Andy Ban said it might be too hard to say arrivederci to Sunridge Farm. “I love it here,” he said simply.

That's a good thing.