A Connecticut residence rode the realm’s steep worth development to a peak sale.
The house in Fairfield bought for $12.3 million, setting a city report for a non-waterfront property, in keeping with 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 residence throughout greater than 7,000 sq. toes on the 1.3-acre property.
The coastal enclave of Southport, which is a part of the city of Fairfield, noticed its median residence worth greater than double in that point interval to $1.4 million.
Houses round Southport Harbor have commanded a number of the state’s most costly gross sales outdoors of Greenwich in recent times.
Final 12 months, 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 often called 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 % in New York Metropolis suburbs, in comparison with a rise of 43 % for houses within the metropolis throughout that very same time interval, in keeping with 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, in keeping with 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 wished to be within the space’s village, in keeping with McKinney Tritschler.
The customized construct — which included a pool and poolhouse, a storage with automotive lifts and a studio condo on prime, and a glass again wall main out to a patio — “supplied a lot greater than another residence within the space,” McKinney Tritschler mentioned, however “lots of people gasped once they heard that we had been promoting it for $12 million.”
“You’ve bought this extremely personal, lovely residence that’s on an acre and 1 / 4, which is so uncommon for Southport Village, and it’s model new,” she mentioned. “Abruptly, folks may justify the 12 million.”
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