The most expensive house for sale in 'the city of billionaires': Stunning Connecticut estate with its own beach hits market for eye-watering price

The most expensive estate in a Connecticut town dubbed 'the city of billionaires' has hit the market for $49.5 million.

Greenwich, Connecticut is home to multiple billionaires and has an average income over $700,000 and a median home price of $2.3 million, according to Top Ten Real Estate Deals.

And if you have 25 times that amount of cash, a Georgian Colonial-style mansion can be yours for $49.5 million. 

Listed by Jennifer Leahy of Douglas Elliman, the estate sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road.  Its seller is former Cantor Fitzgerald trader Chris Cercy, who lived in the property with his wife Leason. 

'This is a house you want to be in - it lends itself to just relaxing - you have a beautiful life on the water,' Leahy told Mansion Global.

A Georgian Colonial-style mansion came on the market at $49.5 million, making it the priciest home in Greenwich, Connecticut

The stunning stone property was bought in 2012 for around a fifth of its current price by Cantor Fitzgerald trader Chris Cercy and his wife Leason  

Listed by Jennifer Leahy of Douglas Elliman , the estate sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road

'Not only is the wildlife incredible, but the beautiful thing about Mead Point is it's a little bit further from the highway so you just have this very tranquil spot.'

'You're seeing the migration of animals, you're watching ospreys hunt in the summer, you're watching crabs come ashore,' she said. 

After 17 years of employment, Chris Crecy sued Cantor Fitzgerald in September claiming the company used overly broad non-compete restrictions to wrongfully withhold about $17 million in partnership payments after his departure, reported Bloomberg.

Listing records show the Crecy's purchased the home in 2012 for $10.6 million. They conducted a gut renovation and added roughly 3,500-square-foot addition to the original structure in 2014.

The most expensive house ever sold in Greenwich cost a cool $139 million at the time of purchase in August 2023.  

Outside, there is a pool, dock, private beach and cove for swimming and other water activities like kayaking or fishing

The sellers conducted a gut renovation and added roughly 3,500-square-foot addition to the original structure in 2014

Inside the 12,492 square foot home there is a massive kitchen with a center island

Chris Cercy (left) and his wife Leason (right) purchased the home in 2012 for $10.6 million

Ole Skaarup, who was considered one of the most charismatic and innovative shipping executives of the postwar era according to The Maritime Executive, lived in the house until his death in 2010.

'Everything is new,' Leahy said. 'Everything that's honoring the past is honoring the past, it's not the past.'

'[The Crecy's had] fun with some color and some accent choices, which allows the house, although it is formal, to be very warm,' she said.

Inside the 12,492 square foot home there are six bedrooms, six full bathrooms and two half baths.

The primary suite has two walk-in closets, a seating area, a spa-like bath with sauna and an oversized balcony looking out at the water.

There is a massive kitchen with a center island, a great room with palm trees painted on the walls, a wood paneled den, an office space and gym.

Outside, there is a pool, dock, private beach and cove for swimming and other water activities like kayaking or fishing. 

The great room has palm trees painted on the walls and views of the Long Island Sound

There are six bedrooms, six full bathrooms, two half baths and a home office (pictured)

Inside the estate there is a wood paneled den

The primary suite has two walk-in closets and a seating area

There is spa-like bathroom with sauna and an oversized balcony looking out at the water in the primary suite

 In March, a mega-mansion in the same neighborhood owned by a multimillionaire mogul who helped launch the vodka brand Grey Goose was put on the market for $28.5 million. 

The 17,878-square-foot house has 10 bedrooms, 16 bathrooms, and five half-bathrooms.

The Georgian mansion, listed by Rob Johnson of Brown Harris Stevens, also includes a library, gym, kids playroom, wine cellar, golf-simulator room, laundry room, two pools (one for adults and one for kids), a hot tub, and 30-car garage.

Originally owned by John Frank - who's the nephew of Sidney Frank, the man who created the beloved alcoholic drink and the former vice chairman of the company - is now up for sale, and it's fit for a king or queen.