One of the old Antares belly flops has resurfaced, and is pending; list price $19.5 million

11 Langhorne Lane, off Mooreland Road. You may remember this execrable monument to the stupidity and grandiosity of Antare’s principles, Jim Cabrera and Joe Beninati when it began to be built in 2005. The collapse of the Antares would-be empire took all their projects with it, including this 26,452 sq. ft. monstrosity, and it sat on the market, unfinished, for years. A buyer paid $13.750 for it in 2008 (why?), finished it, and tried for $27.5 million in 2010 before selling it to these owners for $17 million in 2014. Now, eleven years on, it’s being resold for what’s presumably a discount off that $19.5 asking price.

There’s one born, if not every minute, at least every decade.

UPDATE: Found this April 2014 Greenwich Time article on the place, with more precise numbers and history than I provided above while working from memory:

It was also another stellar week for real estate in Greenwich with the sale of a property that has been kicked around since its near-completion in 2007 and suffered through the '08 recession with a series of "as-is" marketing efforts covering a wide range of asking prices from $14.5 to $28 million.

This 26,000-square-foot backcountry property, a Georgian colonial estate at 11 Langhorne Lane, set on almost nine acres of land off Round Hill Road, was part of the Antares Investment Partners' high-end offerings that suffered the fiscal realities of over-extension followed by market decline and ultimately Chapter 11 bankruptcy. The $6 billion in Antares-claimed real estate assets included über estates, garden apartment complexes such as Putnam Green and Weaver's Hill and a stake in the Delamar hotel.

…. Originally marketed as "Lake Carrington, Greenwich's first `Couture-Ready' home" at $25 million and then at $28 million, it finally sold "as-is" for $13,500,000 with a proclaimed 4-6 months of construction remaining in September 2008.

The current sale at $17 million represents good value for the buyer for an estate of this magnitude and would be difficult to build today in a similar location at this price. Still, given the "as-is" description usually reserved for run-down properties likely to be torn down, this property was not easy to sell with a town appraised value of $14,848,600 and eight liens filed including insulators, plumbers and electricians. A new chapter for Lake Carrington lies ahead.

Or not.