A Connecticut dwelling rode the realm’s steep worth development to a peak sale.
The house in Fairfield bought for $12.3 million, setting a city document for a non-waterfront property, based on itemizing agent Libby McKinney Tritschler of William Raveis.
The sellers, Meri Leigh and Francesco Daniele, purchased the property at 260 Willow Avenue for $2.3 million in 2020 and undertook a near-complete teardown to rebuild a seven-bedroom, seven-bathroom dwelling throughout greater than 7,000 sq. ft on the 1.3-acre property.
The coastal enclave of Southport, which is a part of the city of Fairfield, noticed its median dwelling worth greater than double in that point interval to $1.4 million.
Properties round Southport Harbor have commanded a number of the state’s costliest gross sales outdoors of Greenwich lately.
Final yr, a sprawling 2.5-acre property with a six-level mansion on the opposite facet of the Harbor in Fairfield bought for $10.4 million. In 2024, a waterfront Southport property generally known as the Rose Hill estate sold for $15 million, the fourth-most costly sale in Fairfield historical past.
Along with the gut-renovation, the property additionally benefited from what has remained a booming gross sales market outdoors of New York Metropolis.
The median gross sales worth from 2016 to 2025 shot up 86 p.c in New York Metropolis suburbs, in comparison with a rise of 43 p.c for properties within the metropolis throughout that very same time interval, based on PropertyShark.
The sellers initially listed it in 2024 for each sale and lease, and the house rapidly rented for $55,000 per thirty days after receiving a number of rental affords, based on McKinney Tritschler.
After the tenant’s lease expired, the sellers listed the house for $12 million in June 2025.
The undisclosed purchaser already lived in Southport and needed to be within the space’s village, based on McKinney Tritschler.
The customized construct — which included a pool and poolhouse, a storage with automotive lifts and a studio condo on high, and a glass again wall main out to a patio — “supplied a lot greater than another dwelling within the space,” McKinney Tritschler mentioned, however “lots of people gasped after they heard that we have been promoting it for $12 million.”
“You’ve acquired this extremely personal, stunning dwelling that’s on an acre and 1 / 4, which is so uncommon for Southport Village, and it’s model new,” she mentioned. “Impulsively, individuals may justify the 12 million.”
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