GREENWICH | 12 Sawmill Lane | $6,400,000

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GREENWICH | 12 Sawmill Lane | $6,400,000

Offered for the first time in almost 30 years, this gem stands majestically on nearly 4 acres of beautifully manicured grounds. Exquisitely proportioned scale and timeless detail are found throughout including hand painted Gracie wall panels in the dining room, and hand polished pine paneling in the library and wine cellar. Truly a generational trophy property located on a lovely mid-country lane. Features include tennis court, pool, pool house with bath and kitchenette, and a stone bonfire pit. Close to town, schools and clubs. Bonus: located in a one-acre zone, subdivision possibility with town approval.

Details: 12 Sawmill Lane

MLS#: 89924    CMLS#: 99082952

Built: 1937 | Type: Single Family | Bedrooms: 5 | Full Baths: 5 | Half Baths: 1 | Interior: 5,743 | Exterior: 3.99 Acres | Garage: 2 Car

Additional Features: Located on a lovely Mid Country lane featuring tennis court, pool, pool house with bath and kitchenette and stone bonfire pit.

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GREENWICH | 10 Spring House Rd | $4,499,000

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GREENWICH | 10 Spring House Rd | $4,499,000

The essence of country chic, this inviting estate combines old world charm with 21st century state-of-the-art amenities. Set at the end of a private, long winding drive this beautifully renovated country retreat sits on nearly 6 acres of rolling lawns, gardens, and two ponds. A masterfully designed open floor plan unites the family room with a spectacular, sky-lit kitchen centered by a large honed-granite island and a lovely breakfast room with floor-to-ceiling windows. Second floor family quarters include a luxurious, private master wing with balcony, fireplaces in both the sitting room and vaulted bedroom, a large custom-fitted dressing room and sumptuous marble bath with his/her vanities, steam shower, bidet, and Jacuzzi. Four additional bedrooms, one with French doors to a balcony/sun deck, are served by two baths. The garden level comprises a mirrored exercise room; sauna; separate-entry recreation room (or additional guest/staff quarters) with a stone fireplace and kitchenette; and dog grooming area. This magnificent home offers garaging for five cars, a generator, and potential sites for a swimming pool and tennis court.

Details: 10 Spring House Rd

MLS#: 91753    CMLS#: 99084434

Built: 1935 | Type: Single Family | Bedrooms: 6 | Full Baths: 5 | Half Baths: 2 | Interior: 8,940 | Exterior: 5.85 Acres | Garage: 5 Car

Additional Features: House has a generator, and potential sites for a swimming pool and tennis court.

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GREENWICH | 440 Round Hill Rd | $10,500,000

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GREENWICH | 440 Round Hill Rd | $10,500,000

Extraordinary compound embracing over six spectacular acres on Round Hill Road radiates the noble character, elegance, and grandeur of England's prestigious country estates. Custom designed by premier architect Ira Grandberg, AIA, unparalleled craftsmanship by Hobbs Construction Company, this regal, hand-cut stone manor blends Old World ambiance with the ultimate in 21st-century technology. Accommodating elegant entertaining and casual family living, the remarkable 16,400+/- square-foot interior incorporates impeccable quality, the finest materials, and extraordinary attention to detail. Hand-milled woodwork, moldings and doors highlight the majestic yet warm interior, with most main-floor rooms opening to balconies, porches, or the loggia. Broad oak-appointed corridors and octagonal galleries unite the brilliantly designed layout, with fireplaces enhancing the gracious living, dining and family rooms; handsome library; and sublime master suite. Additional features include a caretaker's cottage and koi pond.

Details: 440 Round Hill Road

MLS#: 89553    CMLS#: 99083377

Built: 2002 | Type: Single Family | Bedrooms: 6 | Full Baths: 9 | Half Baths: 3 | Interior: 16,460 | Exterior: 6.31 Acres | Garage: 6 Car

Additional Features: Caretakers cottage and koi pond.

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GREENWICH | 1 Deer Lane | $8,950,000

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GREENWICH | 1 Deer Lane | $8,950,000

Inspired by the classic homes of the early 20th century, this distinctive, light-filled English Tudor-style home has been created by award winning Stone Harbor Land Company in the heart of mid-country Greenwich. The property was once part of the vast Rockefeller Estate of Deer Park and is considered to be in the middle of the "Golden Triangle," a term used by local realtors to describe the most desirable location in Greenwich. A young fresh aesthetic by Amy Hirsch and overly generous room scale is found throughout. First floor guest suite, finished lower level, flexible finished space on the third floor is perfect for staff. Systems include geothermal technology, programmable climate and lighting controls, 48kw generator. Close to country clubs, schools and downtown Greenwich.

Details: 1 Deer Lane

MLS#: 90994

Built: 2014 | Type: Single Family | Bedrooms: 6 | Full Baths: 8 | Half Baths: 1 | Interior: 10,158 | Exterior: 1.86 Acres | Garage: 3 Car

Additional Features: Approved pool site.



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GREENWICH | 100 Doubling Rd | $7,150,000

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GREENWICH | 100 Doubling Rd | $7,150,000

Clean lines and classic elegance are found in this sun filled Southern style Colonial. Broad verandas and soaring floor to ceiling windows overlook two beautifully landscaped acres. Tucked away on a tranquil cul-de-sac, minutes from downtown Greenwich, this residence is designed for maximum enjoyment. A two-story foyer with grand stairway, epicurean kitchen, and deluxe master suite with private balcony and marble bath all reflect the highest caliber of design. Five additional family bedrooms, five baths, two half-baths, a finished lower level featuring 10-foot ceilings, a magnificent recreation room, and art workshop create the perfect family retreat. Lush gardens and in-ground heated pool are anchored by the original greenhouse from the Meek Estate. Truly a gem!

Details: 100 Doubling Rd

MLS#:91849    CMLS#: 99085164

Built: 2005 | Type: Single Family | Bedrooms: 6 | Full Baths: 6 | Half Baths: 2 | Interior: 8,227 | Exterior: 2.14 Acres | Garage: 3 Car

Additional Features: Finished lower level.

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GREENWICH | 289 Taconic Rd | $12,500 (long term)/$14,500 (short term)  a month


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GREENWICH | 289 Taconic Rd | $12,500 (long term)/$14,500 (short term)  a month

A long lighted driveway leads to this spacious Connecticut colonial offering privacy and access to Greenwich Riding Trails and hiking. Features include 7 bedrooms, 6 full and one half baths, family room with fieldstone fireplace, dining room with lighted tray ceiling, full mud room, and second floor play room. Master suite offers double walk-in closets and a dramatic marble master bath. Pillared/gated entry with 3-car garage is set on over 7 acres. Bonus: possible in-law suite/guest area above garage with a full bath.

Details: 289 Taconic Rd

MLS#: 91961     CMLS#: 99086438

Built: 1994 | Type: Single Family | Bedrooms: 7 | Full Baths: 6 | Half Baths: 1 | Interior: 5,267 | Exterior: 7.23 Acres | Garage: 3 Car

Additional Features:  Possible in-law suite/guest area above garage with a full bath.



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Interview with ZdM Design Studio of Greenwich CT

ZdM Design Studio of Greenwich, CT

Z and Monica

Greg Skidmore and Pedro Ramirez of Belray Asset Management interviewed Z Davis Partner of ZdM Design StudioZdM Design Studio is a Architecture and Interior Design firm. By applying an investigative architectural process to each project they seek to build unique and specific relationship with their clients. The firm's professional experience encompasses a wide range of design and production of residential, retail, hospitality, civic and corporate projects throughout the United States and abroad. Z Davis and Monica Valente became partners after a long friendship and genuine respect for each other's work.---Listen to Greenwich EntrepreneursRight Click to Download (mac: ctrl + click)Download Greenwich Entrepreneurs

2010 Asset Class Recap

Greenwich, CT wealth management firm Belray Asset Management has released their 2010 Asset Class Recap:

Global Public Equity (Stocks)

As they have historically done after previous recessions, small caps led other domestic equities for most of the year. The Russell 2000 almost doubled the gains of the S&P ; the Russell's eye-popping 16% in the last quarter alone almost equaled the entire 2010 gain for the tech-heavy Nasdaq. However, all four U.S. equity indices looked robust compared to the Global Dow. Though a fall rally rescued the global index from the negative returns that dogged it for much of the year, its 2010 gain was still less than half that of the Dow Industrials. Large US stocks have largely been ignored by investors and this appears to be one area of opportunity.The stock market rally doesn't mean individual investors got completely comfortable with risk, as they poured money into bond mutual funds for much of the year. Along with the Federal Reserve's determination to keep interest rates low, that helped send bond prices soaring despite massive new issuance by corporations, local governments, and the U.S. Treasury.

Debt (Bonds/Fixed Income)

However, anxiety about U.S. debt levels and the potential for future inflation paled beside European debt concerns, which nearly paralyzed global markets briefly during the second quarter. Investors worried that bailouts, which helped stave off defaults on Greek and Irish sovereign debt, might not be available in the future if larger economies such as Spain needed help. Treasuries benefitted during the summer from those concerns, but by the end of the year, bond yields were beginning to rise once again despite-or perhaps because of-the Fed's new round of quantitative easing. In November, money began to flow out of bond funds, especially from muni funds. The sharp decline in bond prices in this period gave us our first warning. Going forward this asset class is unlikely to produce the same returns that investors grew accustomed to over the past 30 years.

Real Assets (Commodities/TIPS/Real Estate)

Gold rose in tandem with anxiety about debt and currency stability. The spot price hit a new record high above $1,400 an ounce. Other commodities also did well; silver nearly doubled, and despite a dip during the summer, oil prices by the end of the year had reached $90 a barrel, a level last seen in the fall of 2008. Fears of inflation and the proliferation of ETFs have made these asset classes popular. Investors would be well served to carefully study their ability to hedge inflation risk before diving into them.

Absolute Return (Hedge Funds/Hedged Mutual Funds)

This assets class report late and will be addressed in a future email.Some content is contributed by Forefield Inc.

via: Belray Asset Management

INTERESTING SALES in Greenwich Real Estate

29 Daffodil Lane - $1,395,000 (SOLD)

4 bed - 2 1/2 bath - 2,720 sqft - 2.04 acres - North Mianus School

Daffodil was listed on June 20th and had a fully executed contract on the 28th.  There is a ton of demand out there just waiting for the right opportunity and this was that opportunity.  The house could use some refreshing, but is in solid condition. What you are getting is the 2 full acres off Cognewaugh. Technically in North Mianus next to the Stamford boarder, this house has all lifestyle of living in back country Greenwich. The new owners will be footsteps from one of my favorite parks - Mianus.

409 Round Hill Road sold for $1,300,000

409 Round Hill Road - $1,300,000 (SOLD)

5 bed - 3 full 2 half bath - apx 3,200 sqft - 1.48 acres - Parkway School

If you want to come up with stories of how the Greenwich real estate market has dropped in the past couple years feel free to use this house/trade as an example. Priced originally at $2.495M in 2009 this Round Hill property wasn't exactly far off the market. In 2007 that would have been a fine number (my opinion) for one of the best addresses (street-wise) in the state.  Now add in a drop in prices and extremely critical buyers and this is what happens. The house sits on a non-conforming (NOT the end of the world) 1.48 acres in 4 acre zoning, meaning that you can only build up to approximately 4,000 sqft  on the lot. This house, while not officially stated in the listing, has been estimated at being around 3,200 sqft. Having this limitation on construction severely diminishes the property's value in today's market.  Over the past two years we have seen the asking price of 409 drop steadily until now the sellers gave it away for $1.3m.  My opinion is that this was a fantastic buy. I have a hard time believing that we'll ever see a true 5 bedroom on central Round Hill road, never-less a piece of property - (even if only 1.48 acres), trade for this low again.

28 Sound Beach Avenue sold for $855,000

28 Sound Beach Avenue - $855,000 (SOLD)

4 bed, 2 bath - 1,850 sqft - 0.18 acres - Dundee School

Buying southern (south of the post road/I-95) Old Greenwich real estate for under $1M is a hard thing to do, even in today's market.  There are some houses out there, but you have to be ready to jump if you find them or ready to bid and wait.  This is a good example of what's available for under $1m. Originally listed 9.14.10 for $995k 28 Sound Beach Avenue has always been in the sweet spot for pricing.  I can guarantee you that they had a ton of showings. While this house is in the Dundee Elementary School zoning it is in lower Old Greenwich. You can easily walk to town (OG) and Binney Park from here.  The main concern with this house was the busy traffic off Sound Beach Avenue, but for those of you moving out of the city that normally isn't the biggest of concerns. With 4 bedrooms, central air, walking distance from one of my favorite towns (Old Greenwich) in the country and a decent renovation I think this was a great buy.

17 Wynnwood Road sold for $6,500,000

17 Wynnwood Road - $6,500,000 (SOLD)

6 bed, 7 full 3 half bath, apx 12,800 sqft, 2.35 acres, Parkway School

The MLS says Wynnwood has been on the market for 582 days, but that's actually low. It was really originally listed about 830 days ago on 2/20/09 for $9.95m, taken off the market for a couple months and re-listed for $10.6m. There is a lot more to the story as serious work was done in that period completing the construction of the 2009 house. Anyhow, you're looking at the fall of a $10.6m after a couple agents.Off Clapboard Ridge Road / Lake Avenue the house offers a well position 2+ acres in central Greenwich. Though the current listing doesn't state a size, previous listings have stated that the house is 12,800 sqft.  Regardless, you have all the boxes filled (location, size, pool, quality of construction, etc..) and will have a hard time getting that for $6,500,000 elsewhere.

318 West Lyon Farm sold for $747,000

318 West Lyon Farm - $747,000 (SOLD)

2 bed, 2 1/2 bath, 1,704 sqft, Glenville School

Taking a month to sell, here's another quick trade. This unit in West Lyon Farm sits right on a pond. It has probably the best floor plan ("H") and while it doesn't have the most space, there is a ton of potential to make this into a great West Lyon home. We have seen 24 sales in Lyon Farm  in the past 24 months ranging from $610,000 (#407 with 1,900 sqft on 7.7.11) to $1.4M (#517 with 3,519 sqft on 7.27.10) showing a fairly consistent drop.  This development might be the best area for analytical review of Greenwich Real Estate right now as it has enough units to create a critical mass (sort of) with enough trades, yet it has been around for 30+ years and not much has changed. You are seeing a lot of empty-nesters move in here that don't want the pain of taking care of full estates, while not wanting to leave their ties to Greenwich. Feel free to contact me if you want more date on East and West Lyon Farm as I have everything.

190 Clapboard Ridge Road sold for $2,850,000

190 Clapboard Ridge Road - $2,850,000 (SOLD)

4 bed, 4 1/2 bath, 4,678 sqft, 2.68 acres - Parkway School

This one took a bit too. First listed in October 2009 as house, the "land" listing came on March 2010. As usual the MLS doesn't tell the full story as it says its only been listed for 428 days, but that's just for the "land" listing. This has really the market for about 2 years.  I'm not sure what the new owners are going to do with this house, but they have a fantastic piece of property. The house itself is actually pretty nice, though could use some re-configuring, especially if the buyers have kids. It's really a 3 bedroom with guest suite. I'm not sure where the "4,678 sqft" comes from as the house feels much smaller. Regardless, you get a fantastic piece of property for under $3m and if you can use the house all the better. Overlooking a great pond (I used to skate on it as a kid), the house provides all the feel of living well north of the Merritt, while being seconds from town.

49 Dingletown Road sold for $1,614,425

49 Dingletown Road - $1,614,425 (SOLD)

4 bed, 4 bath, 3,532 sqft, 2 acres, North Street School

If anyone out there is looking for a contemporary home PLEASE give me a ring (, 203.940.0444). There are so many opportunities in Greenwich right now and not a ton of competition from the buyer's side. 49 Dingletown has been on my radar for awhile now as both a contemporary house or land trade. This 2 acre lot sits in central Greenwich with North Street schools and actually has a great floor-plan for adding a floor (or two) and building up a house that could be completed in nearly any design (colonial, contemporary, French Victorian, you name it. 

 Scott P. Elwell - MBAFounder/Real Estate Agent - GreenwichCT.comAl Filippone Associates @ William Raveis45 Field Point Road, Greenwich, CT 06830Mobile: 


How a Greenwich CT firm became 100% Mac.

How Steve Job changed a Greenwich CT firm.When Belpointe Asset Management launched I went out and bought 6 PCs. I'd always used Macs but unfortunately in 2007 the financial world was 100% PC.

At the time my staff had only used PCs and so I assumed the need to support them on PCs would be minimal. Boy was I wrong.

Normal usage resulted in six months of fighting corrupted files, viruses, unreliable network connections and the worst computing environment imaginable. Having come from Macs and never experiencing this before I was slowly going insane.

Keeping six PCs up and running on Windows XP was a full time job. I did not have this time. There was no way I could manage money and raise assets if I had to act as a full time CTO.

It was 2 am and I was surrounded by four down PCs when I snapped. Within fifteen minutes I spent just over $6,000 ordering a bunch of Macs. The next morning I got reamed by my business partner, but it was worth it.

The arrival of the Macs immediately saved me twenty hours a week in IT support. The Macs just worked and this meant I could get back to growing my company.

Thanks Steve. - Greg