Gamco Founder Gabelli Sells Belle Haven Property for $10.25 Million

Mario J Gabelli sold his 135 Field Point Circle home in Belle Haven on Oct. 9 to Donald J Casturo for $10,250,000. According to the Assessor’s office the 5,554 sq ft 5-bedroom home was built in 1958 and sits on a sloping oversized 2.48 acre property with some views of the harbor and Long Island Sound.

Forbes describes Gabelli as a lifelong contrarian, who, as a schoolboy refused to hide with classmates during air-raid drills and first traded stocks at the tender age of 13. After getting a Columbia MBA he traded “unloved small-cap stocks” and later, according to Forbes, founded the money management firm Gamco Investors in 1977 from which received more than $800 million in compensation from Gamco since its 1999 IPO. Forbes indicates Gabelli’s real time net worth on Oct. 14, 2014 as $1.78 Billion.

Other Greenwich property transfers as recorded in the Assessor’s office at Town Hall, from Oct 9-10, 2014 include:

28 Highview Ave from Robert Walsh and Glynis Walsh to Jacquelyn Krese on Oct. 9, 2014 for $2,867,190

1 Webb Ave from Christopher A Salvo and Cynthia P Salvo to Sigri Real Estate Partners, LLC on Oct. 9, 2014 for $1,045,000

550 River Rd Lots 3 & 4, 552 River Road (Lot 6) from Estate of Charles Turturino to 550 Riverview LLC on Oct. 9, 2104 for $420,000

552 River Rd Lot 5 from Virginia T Sanborn to 550 Riverview LLC on Oct. 9, 2014 for $420,000

27 Stillman Lane Unit 32 from CLT Stillman, LLC to Michael and Alina Sherman on Oct. 10, 2014 for $5,075,000

43 Sterling Road from Susan and Stephen L Geller to Samuel S Grunkorn on Oct. 10, 2014 for $2,750,000

1465 East Putnam Ave #306 from William C Maguire to Michael Wieneke on Oct. 10, 2014 for $265,000


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