Greenwich Real Estate Report: May 8-15, 2020

Hundreds of people have reached out to me since we began to shelter in place due to the coronavirus and they all had one request in common, everyone wanted a pool. No matter what the ages of their children, from toddlers to teenagers, all of the families were in search of a pool this summer, which will serve as both summer camp and summer vacation.

As of this Monday, the price of 4 Doverton Drive will be reduced by $505,000, bringing the asking price down from $4,450,000 to $3,945,000. This significant price reduction is meant to motivate buyers with a competitive price in line with comparative active listings in town.

This spacious, 4 bedroom home is 5,869 square feet and fits the description of what most everyone has been looking for in recent weeks, a large property with a POOL. The house sits on 2 private acres in an exclusive association called Sabine Farm which has a great deal of history in Greenwich (*see full description of 4 Doverton below).

The Fisher family purchased Sabine Farm in July 1909. The property consisted of 210 acres, which stretched from Quail Road to Round Hill Road. After Mr. Fisher’s death in 1965, the majority of the land was sold off for the development of single family homes on 2+ acre parcels. Sabine Field was later purchased by the Greenwich Land Trust in 1998 in order to save the last remaining field from development. Today, horses are turned out in the field, along Round Hill Road, from June until the end of October.

Many NYC families say they plan to purchase in Greenwich soon but they are trying to determine what will prove to be the best timing, should they rent first or buy now, will prices decrease before they increase? Have we hit bottom? No one knows for sure but many are speculating that prices will be heading north soon.

Covid-19 doesn’t seem to be slowing home sales here. 54 Byram Rd sold last week for $17,100,000 demonstrating that, even in the midst of a pandemic, high end sales are still taking place in Greenwich.

*4 Doverton Drive description: VIRTUAL & IN PERSON** showings are now available. This private haven in Sabine Farm, just off Round Hill Rd, is a sophisticated property with 2 home offices, set on 2 exquisitely landscaped acres.

Entirely remodeled in 2012 with meticulous attention to detail, the house reveals a deep appreciation for elegant aesthetics and modern efficiency. The open and welcoming 1st floor affords versatility between living room, dining room and study, with 2 fireplaces, vaulted ceiling, custom cabinetry and access to the terrace.

The gourmet kitchen is well appointed with Wolf and Sub-Zero appliances and custom accessories. The adjacent sunny family room has  a radiant heated floor and a door to the terrace. Butler’s pantry opens to outdoor kitchen. The 2nd floor master suite has a fireplace, balcony overlooking pool, luxe bath and dressing room and remote-controlled shades.

There are 3 additional bedrooms, all en suite, and a 2nd floor office with built ins and access to the balcony.

Several 1st floor rooms open to the limestone terrace which leads past a built-in outdoor kitchen and stone fire pit to a serene, heated pool and spa, flanked by luminous perennial blooms.

Downstairs, a walk-out lower level boasts a billiard room, gym, family room with fireplace, wet bar and a temperature-controlled wine cellar, access to the pool, a full spa-like bathroom with sauna. Additional 2000+ square feet of finished space in basement not included on tax card.

Lutron lighting throughout the house and a custom audio system includes built-in speakers in many rooms. Even the oversized 3 car Garage has been thoughtfully laid out with abundant storage, a sink and radiant floor heating beneath custom vinyl flooring.

Don’t miss this rare jewel, convenient to town, schools, and major transportation. Town septic plan allows for 5 bedrooms.

**All in person showings in CT must be done wearing a mask and gloves.

This week’s highlights in Greenwich real estate:

  • 57 new to market listings
  • 18 sold properties
  • 20 price reductions
  • 12 accepted offers
  • 20 signed contracts

Stefanie Lacoff is a licensed real estate agent with Berkshire Hathaway Home Services New England Properties in Greenwich, CT. Text/call: 203-536-9403, email: [email protected]

Contact Stefanie for assistance selling your home or purchasing a new one.

Not meant as a solicitation for those already working with a real estate agent.