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America's most expensive home up for sale

12-12-2013 10:38 BJT

By CCTV correspondent Shraysi Tandon

If you’ve got a cool 140 million US dollars lying around and are in the market for a new house, well, look no further. America’s most expensive home is up for sale.

The 3-storey house was built in 1896 and still has some of the original gas fixtures from
the days before electric lights, and right now it’s on sale at a steep discount.

Copper Beech Farm harkens back to the era of America’s so-called "robber barons"-industrialists like Carnegie, Rockefeller and Vanderbilt whose very names are synonymous with enormous wealth and palatial homes.

Calling the property Copper Beech Farm is misleading. It features a 12-bedroom house that sits on 50 manicured acres with waterfront vistas, two private islands and a 75-foot heated pool. The house also comes with a tennis court, a greenhouse, wine cellar and a formal garden tended by horticulturalists from the New York Botanical Gardens.

The 3-storey house was built in 1896 and still has some of the original gas fixtures from the days before electric lights, and right now it’s on sale at a steep discount.

Copper Beech Estate was listed for $190 million back in May this year, the house is now on the market for $140 million and although it is $50 million less than its original asking price, the house is still the most expensive and the most unique private property in the United States.

The 3-storey house was built in 1896 and still has some of the original gas fixtures from
the days before electric lights, and right now it’s on sale at a steep discount.

Listing agent David Ogilvy says he’s received a lot of interest from Asia.

"We’ve had a number of Asian buyers come and look at this property and we’ve also had some of their people they’ve sent out to look for them and then go back and tell them about it and then they’ll be coming. So we’ve had appointments set up for that and obviously this is something that’s, it’s only one, so people say wow what is this all about how can there be something like that." David Ogilvy, President of Ogivy Associates said.

In recent years, a new wave of buyers from China are snapping up luxury properties across the U-S, injecting billions of dollars in the U.S. residential property market.

Last year a Chinese mom snapped up a 6.5 million dollar apartment in Manhattan for her child. The toddler was just 2 years-old.

A Shanghai businessman bought 17 Miami apartments for 14 million dollars.

And a young Chinese couple paid $34.5 million for a 36-thousand square foot mansion in Beverly Hills

According the National Association of Realtors, in 2012, Chinese buyers spent $8.2 billion on American residential homes.

And many paid cold, hard cash. With so much capital to burn, the U.S. real estate industry is scrambling to court the Chinese-using every trick in its playbook, and now some that aren’t-like feng shui and lucky numbers.

Copper Beech Estate was listed for $190 million back in May this year, the house is now on the
market for $140 million and although it is $50 million less than its original asking price, the
house is still the most expensive and the most unique private property in the United States.

Copper Beech Estate was listed for $190 million back in May this year, the house is now on the
market for $140 million and although it is $50 million less than its original asking price, the
house is still the most expensive and the most unique private property in the United States.

 

Editor:James |Source: CCTV.com

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