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Tuesday, 15 April 2014 10:53

Most Expensive U.S. Home $120 Million

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When Copper Beech Farm hit the market for $190 million in May 2013, it was the most expensive residential property, ever. Even after the price dropped by $50 million in September and was re-listed for $130 million earlier this year, it was still the third-priciest home on the market.

Now, the 12-bedroom, 8-bathroom mansion on 50.5 waterfront acres has sold for $120 million.

Everything about Copper Beech is grand. The property includes two mainland parcels and two islands with a total of 1 mile of shoreline on the coveted Long Island Sound. The main house — which embodies that “Great Gatsby”-style grandeur and old-world charm — has 12-foot ceilings, a solarium and sleeping porches. Most of the buildings throughout the estate retain details from the home’s original 1898 construction: the carriage house still has a clock tower, and the garage includes milking stalls.

The home was built by the Lauder Greenway family, of which George Lauder was a partner in Carnegie Steel. It was sold quietly 31 years ago to John Rudey, who leads several timber companies, including U.S. Timberlands Services Company and American Forest Services.

In an earlier interview, Rudey told the Wall Street Journal that he was selling because his children have grown. At that time, he said the home was in good condition but that the interior needs a few upgrades.

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