Home News Sprawling Coastal Estate in Connecticut Hits the Market for $15 Million

Sprawling Coastal Estate in Connecticut Hits the Market for $15 Million

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A sprawling estate in the coastal town of Old Lyme, Connecticut, built in 1917 for a New York insurance tycoon, went public last Friday for $15 million.

Surrounded by water on three sides, this 30.7-acre mansion served as the summer home of Edgerton Parsons, the so-called “New York Insurer.” new york timesAccording to William Pitt Sotheby’s International Realty listing agents MJ Delicio and Roger Parkman, architect Alfred Hopkins specializes in country houses, particularly model farms, and Louis Comfort Co. He also designed mansions for Tiffany and Frederick Vanderbilt.

Dubbed the Highover Estate, the property was kept by the Parsons family until 2015 when it was acquired by the current owner for $2 million, according to agents. Over the decades, the estate has welcomed many notable visitors, including Albert Einstein, actors William Gillette, and Katharine Hepburn.

The current owner undertook a major renovation that lasted six to seven years to update the property to a modern standard of living while maintaining its historic integrity.

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“They reconfigured the interior of the main residence, purposefully maximizing the dramatic ocean views from every room,” says Parkman. “They also incorporated modern materials throughout, restoring the original stone walls sourced from on-site quarries.”

Parkman represented the Parsons family in its 2015 sale.

Perched on a hill, the main house boasts 280 degree ocean views and offers 6,224 square feet of living space, 5 bedrooms and 8 bathrooms. According to DeRisio, one of his standout additions is a home theater, complete with a Sony projector and Sony surround sound system, an 800-bottle wine cellar, and a full butler’s pantry.

Another highlight is the stunning room with its 20 foot barrel ceiling and 10 sets of French doors that open onto the rear terrace, pool, river and lush hills. “At a social gathering or charity event he can easily entertain 60 to 80 people,” he says.

Listed on the National Register of Historic Places, the Federal-style guest house has three en-suite bedrooms, a country kitchen with sitting and dining areas, a formal dining room, and a living room with a fireplace. I have a room.

Additionally, the estate includes a beach, Ipe floating pier, orchard, barn, separate three-car garage, and “sufficient space for tennis courts, helipad, and other desirable amenities.”


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