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April 2008


REAL ESTATE

Deeds & Don'ts
By Lily Oliver and Stacy H. Small

INSIDE STORIES BEHIND AREA REAL ESTATE DEALS

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VIEW NEWS
In our bucolic state, soundscapes and river valleys are the most often advertised views. But Stamford's new Metropolitan condo building recently unveiled two luxury penthouses which advertise the most expansive city views on the market, best enjoyed from their private, wraparound terraces, as seen above. The more expensive of the two penthouses, listed for $2.2 million, features four bedrooms, four bathrooms (and one half-bath) and a luxuriously appointed kitchen. See for yourself at www.themetropolitan1515summer.com.

THE SPRING MARKET: HOT OR NOT?
Are the following high-end closings a sign of a sunnier spring market? While it's too soon to say, these deals indicate that important properties are finding buyers, a suggestion of good news after a gloomy 2007.

In Greenwich, the former home of art collector Joseph Hirshhorn sold for $30 million, after it was initially listed for $38 million nearly two years ago. Before Hirshhorn died in 1981, the 22-acre hilltop estate featured a sculpture park with works by Rodin, Brancusi, Picasso and Matisse—along with 180-degree views to the Long Island Sound and the Manhattan skyline. Additional amenities: two master suites, indoor and outdoor pools, two greenhouses, a teahouse and a tennis court. A Latvian emigrant and self-made mining magnate, Hirshhorn donated his art collection to the U.S. government, a gift that led to the museum that bears his name in Washington, D.C. A prominent doctor owned the Norman château after Hirshhorn, whose name has not been revealed.

In Kent, North Spectacle Lake continues to ring up record sales. At press time, Litchfield County's highest brokered deal was recorded there at $11 million—from another undisclosed buyer—who closed on a 55-acre compound-like estate.

In a separate deal on the same lake, 60 acres that belonged to a former summer camp sold for $3.3 million.

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