A (very) quick sale, for a home asking $5 million, plus, AND it's a contemporary!

759 Lake.jpg

759 Lake Avenue (below the Merritt, backing up to Butternut Hollow), asking $5.2 million, reports a contract after just nine days on the market. I like it very much, and was relieved to learn from its description that it's ben "reimagined" from its original Peter Ogden designed. With all due respect to that late architect, I was never struck by his vision, and that view has been generally shared by many buyers during the past two decades: most of the Ogden homes I'm aware of have been razed and replaced.

I'm guessing that the owners, at best, will break even on this sale. They paid $4.1 for it in 2007, performed the aforesaid "reimagining", added 1,000 sq. ft. and, it appears, replaced all the windows with modern ones. Given Greenwich pricing for such work, the re-do may well have exceeded one million dollars.

Still and all, a $5 million sale, without a price cut, is impressive. 

Award winning modern masterpiece, offered for the first time since its visionary renovation by Joeb Moore, is set on 3.4 secluded acres in Mid-Country with a pool, tennis court, expansive stone terraces and detached studio with a kitchenette. Originally designed by Peter Ogden this masterfully reimagined four bedroom, one level home was recognized by Elle Decor as 'The Most Enviable Glass House' and received first place from CTC&G Innovation in Design. Open floor plan, wonderful indoor/outdoor flow and floor to ceiling thermal pane Low-E windows framing the outstanding natural views. Scandinavian-inspired walnut panelled kitchen opens into a family room with a two sided fireplace and large dining area overlooking the backyard; enchanting glass enclosed home office.