Waterfront Estate Sells For $14.5 Million In Greenwich

In a market-making sale, Houlihan Lawrence Real Estate announced the recent sale of a Greenwich property for a whopping $14.5 million.

A Greenwich property that sold for $14.5 million.
A Greenwich property that sold for $14.5 million. Photo Credit: Houlihan Lawrence

Houlihan Lawrence agent Ellen Mosher made the sale at 51 Glen Avon Drive located in the sought-after Greenwich waterfront neighborhood of Riverside.

The 2009 custom-built stone and clapboard home was designed and built by Alex Kaali-Nagy and features a mahogany library with English bar, Christopher Peacock kitchen, a bunk room that sleeps six, pool/guest house, outdoor kitchen with pizza oven, and a floating dock. 

“The new year has begun with a strong, positive message for Greenwich real estate values. High-end sales are not in a downward spiral as some reports last month indicated. 2017 fourth quarter luxury sales jumped 48 percent versus the previous year and 2018 started with three properties closing for over $10 million, all at fair market value, with Houlihan Lawrence representing two of the three transactions,” said Mosher.

Last year, there were eight $10 million-plus sales in Greenwich, a 60 percent increase over 2016. That trend continues in 2018 with three closings already this year, added David Haffenreffer, brokerage manager of Houlihan Lawrence’s Greenwich office.

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