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26 April 2024

Video: Pay $120m for this dream home?

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A house in the US has been sold  for a whopping $120 million [Dh440m] on Friday, making it one of the most expensive single family home sales in the country, reported dacula.patch.com

The sale of the 50-acre waterfront Copper Beach Farm property is the second largest recorded in US history, according to Curbed.com. The most expensive being Montana's Broken O Ranch, which was sold for  $132.5m in 2012.

The estate was built in 1898 and boasts 4,000 feet of private beach on Long Island Sound as well as two islands.

Among the other attractions are a wood-paneled library in one of two stone turrets that front the home, with curved glass windows; a 75-foot swimming pool and a hot tub that can accommodate 30 people. 

A professional gardener from the Botanical Gardens in New York maintains a greenhouse where annuals and perennials that decorate the property are grown. A professional groundskeeper from a golf course maintains the manicured grass tennis court.

The buyers - Conservation Institute LLC -  had to pay a total of $1,796,000 in conveyance taxes to the state of Connecticut and to the Town of Greenwich, apart from the $120 million price tag, the report added.