greenwich connecticut

Northwood, Estate of the Day

Filed under: Estates

This estate on around 4.25 acres in Greenwich, Connecticut looks like one of the area's older homes but it was built just a few years ago. Classic Tudor styling and the use of reclaimed materials give this home a vintage look (although the use of ornate floor mosaics does give it away as a more recent build). The home opens into a 40-foot turret entry foyer with sweeping staircase and an antique balustrade. There is a gourmet Clive Christian kitchen and large family room with coffered ceiling. The expansive library welcomes guests with a 19th century bar. The reception area leads to a formal dining room and grand living room with French doors. Amid all the nods to older styling, this house is also up to date with the latest technology, it has a smart house system with Crestron system advantage lighting. This eight-bedroom property is listed at $15.9 million.

Gallery: Northwood

Tags: connecticut real estate, estate of the day, greenwich, greenwich connecticut, greenwich real estate

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Real Estate Guru Has High hopes For Greenwich Digs

by Tom Johansmeyer (RSS feed) —

Filed under: Estates

Starwood Hotels & Resorts veteran Barry Sternlicht is looking for real estate to surge in Greenwich, Connecticut. The wealthy New York City suburb got spanked over the past year as the city's financial industry gurus saw their bonuses jobs disappear and flooded the market with ostentatious homes on the market at a time when buyers were few and far between. A year later, Sternlicht thinks this town is ready to stage a comeback.

Sternlicht just raised the asking price on his 5.8 acre estate in Greenwich to $5.95 million, even though the local market is about to finish its worst year in the past 30. Jean Ruggiero, Sternlicht's real estate broker, said he pushed up the asking price because "we felt like we were giving it away." People showed some interest in the home, and the fact that other sellers were cutting prices didn't mean that Sternlicht had to follow. "Just because people are lowering their price doesn't mean it's right, because he's not a desperate seller, "Ruggiero said of Sternlicht.

The new number is 8.3 percent higher than the $5.495 million Sternlicht previously asked, even though prices for single-family homes in Greenwhich dropped 40 percent year-to-date.

Originally, the home was put on the market at $8.25 million in June 2008, and it was cut three times from September 2008 to April 2009. It boasts a tennis and shuffleboard court, pool and guest house ... and is of course gated.

Even at $5.95 million, Sternlicht will come out ahead. He bought the place in November 1994 for a mere $2.93 million.

Gallery: Barry Sternlicht in Greenwich

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Kensington House, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

This house in Greenwich, Connecticut is another new house that purports to look as if it has existed for ages.The six-bedroom home is done in a Georgian style with classic details like wood paneling, marble fireplaces and elaborate plaster moldings. The home offers 12,500 square feet of space and it sits on two acres that includes a bluestone-surrounded pool with a pool house. There is a four-car garage, a library with built-in shelves, and large formal spaces for entertaining. It is listed at $11.795 million.

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Tags: connecticut real estate, georgian style, GeorgianStyle, greenwich connecticut, house, real estate

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