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May 2007


REAL ESTATE

Deeds & Don'ts
By Lily Oliver

INSIDE STORIES BEHIND AREA REAL ESTATE DEALS

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David Cone's Double Play
Baseball fans know Yankee David Cone for the perfect game he pitched in 1999. Real estate buffs know another impressive play: his Greenwich home sold twice this spring. Cone and his wife Lynn put their Conyers Farm, English manor-style home on the market last year for $12,975,000 and accepted an offer of $12 million from an Annenberg heir, according to one report, with a deal that closed March 1. By March 8, the buyer put the property back on the market for $12,999,000. It was under contract within two weeks. A source explains that the new buyers had been interested for awhile and "were happy to finally get their hands on it." Although Cone's no longer in the game, Greenwich still has an all-star bullpen: The Mets' Pedro Martinez and Tom Glavine have homes there.

The Best Addresses
Every town has what's considered its most coveted neighborhood. Think Belle Haven in Greenwich, for instance, or Tokeneke in Darien. The homes lining their gracious streets are selling as if the '06 slump never happened, brokers tell us. Like blue-chip stocks, these sought-after addresses have what it takes to weather market stalls and squalls—"as long as they're priced correctly," cautioned one broker whose name is on several high-end listings. Here are some of the loveliest properties in the most impressive neighborhoods.

Belle Haven, Greenwich, $39.5 million The highest-price home currently on Connecticut's Multiple Listing Service (MLS) is being sold by singer Diana Ross—or so the press has reported. While listing broker Kathryn Clauss can't comment on her seller's identity, she's only too happy to divulge the estate's other awesome attributes. For one, Quarry Farm, as it's called, sits on nine private, waterfront acres in Belle Haven, a community that includes the homes of hedge-fund billionaires Paul Tudor Jones and Edward Lambert as well as the boyhood abode of George H.W. Bush.

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