UA-8412995-1 The Southport Globe: Sasco Point: Most valuable property in town on market for $62M

Thursday, September 12, 2013

Sasco Point: Most valuable property in town on market for $62M

The most valuable residential property in town -- and one of the most expensive estates along all of Connecticut's Gold Coast -- is on the market for $62 million.
The 20-acre waterfront estate on Sasco Point, once called Riegel Point, at the end of Sasco Hill Road in the Southport section of town, includes a 17,000-plus-square-foot Elizabethan Renaissance-style manor house with a Tudor Gothic Revival wing, a six-bedroom Victorian gatehouse, post-and-beam barn, tennis court, heated swimming pool, numerous out buildings, and spectacular views -- both east and west -- of Long Island Sound as well as Southport Harbor. There is also a grotto-style stone staircase leading to the beach. "It's just exquisite. It was kept grand and splendid for over 90 years," said Victoria Fingelly, who represents the house for Nicholas H. Fingelly Real Estate, which has an office in Southport Village. Fingelly said the main house was designed for the original owners, Benjamin DeWitt Riegel and his wife Leila Edmonston Riegel, by noted New York City architect Henry C. Pelton, famous for designing the Riverside Church and the Cloisters in Manhattan.
The water views from the property can never be obstructed. In 1997, Katherine Riegel Emory, daughter of the original owners, deeded a conservation restriction to the Aspetuck Land Trust, safeguarding 6.4 acres of the estate, including 1,850 feet of waterfront on Long Island Sound. Emory's vision was not just self-serving for her family and for future owners of the property. Fingelly said Emory kept in mind the public, shorebirds and wildlife. In her purpose statement for the deed restriction Emory said she wanted the shorefront portion of her estate to be preserved "as one of the last remaining examples of the gracious and expansive open spaces on Long Island Sound that were traditionally a part of the large estates that formerly flourished in the area." READ MORE: http://www.fairfieldcitizenonline.com/news/article/Sasco-Point-Most-valuable-property-in-town-on-4808954.php

No comments: