*Update, March 5th, 2025 4:41 pm Eastern Time: we’ve learned of another $20M+ deal closed in Greenwich on the last day of February. That makes this property Greenwich’s second-highest sale of the month (and not the priciest, as previously reported) and the third-highest sale of 2025 for both Greenwich and Connecticut.
A sprawling 10-acre waterfront compound on Long Island Sound put a glamorous end to the month of February in Greenwich, Connecticut, closing for $17.5 million.
The transaction was Greenwich’s second-highest residential real estate sale in February and the third-highest sale in both Greenwich and the state of Connecticut thus far in 2025.
Stacey Rechler of Douglas Elliman brought the buyer while Chris Finlay of Brown Harris Stevens had the listing.
“I am thrilled for our clients on this exceptional purchase, which highlights a prime real estate opportunity,” Stacey Rechler says, before delving into the many merits of the Greenwich compound at 7 Cobb Island.
“Situated on 10 waterfront acres in Greenwich, the property offers immediate value with a well-suited main house, accessory building, and sought-after amenities, including the right bedroom count, an in-ground pool, sports court, and close proximity to downtown.”
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With over 440 feet of direct water frontage on the Long Island Sound, the property is bordered to the south by the 50-acre Copper Beech Farm.
At the center of it all is a 5-bedroom shingle-style residence, originally built in 1962 but comprehensively renovated in 2018.
Also on the grounds of the property are a Vermont-style barn serving as a guest house and party barn flanked by a lighted tennis court.
But it’s the prime waterfront location that drives the high price point, as the Douglas Elliman agent rightfully pointed out: “The location and land are truly the core value drivers, providing a solid foundation for long-term potential. Should our clients choose to enhance the property in the future, there is significant room for growth and value appreciation.
“This transaction is a perfect example of a smart, strategic real estate investment where land and location are paramount.”
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