200-acre estate in Southeast Connecticut stands at $ 12.6 million

91 Sergio Franchi Drive and Sergio Franchi (Sotheby’s, Getty)

A 200-acre estate in Southeast Connecticut that was home to the late Italian tenor Sergio Franchi hit the market for $ 12.6 million, a record asking price for the city and among the most expensive active listings in the State.

The city’s largest Stonington complex includes a 19th-century colonial main house as well as four cottages, a pond, an art studio, and a chapel. The seven-bedroom slate-roofed home spans 6,300 square feet and features a dining room with stained glass windows, a lanai with pool, an office, and an attached three-car garage.

91, promenade Sergio Franchi (Sotheby's)

91, promenade Sergio Franchi (Sotheby’s)

Individual buyers and developers have shown interest in the property, said Tammy Tinnerello, William Pitt Sotheby’s International Realty agent who owns the listing.

“It’s split right in the middle,” Tinnerello said. “Fifty percent are big developers, and the other 50 percent are just people who really want to live there and want that authentic home.”

Purchases by primary and secondary home buyers soared in Connecticut during the pandemic, although the state’s most expensive homes are typically found on the state’s “gold coast”, closer from New York. Luxury home sales in Fairfield County jumped 49% in the second quarter from a year earlier, with average prices rising 30%, according to a report by Douglas Elliman.

The Franchi estate would be a Stonington record by far if it sold near the asking price, according to Henri Gourd, a Stonington agent at Berkshire Hathaway. The second most expensive local home, a waterfront estate on Wamphassuc Point, sold for $ 7 million in December 2018.

Eva Franchi told the Day newspaper, which reported the previous announcement that her husband had planned to divide the estate into 64 lots.

Stonington Borough, Connecticut (Visit New England)

Stonington Borough, Connecticut (Visit New England)

Franchi’s home is about 10 minutes inland from the Borough of Stonington, a harbor-side enclave of historic homes, antique shops and seafood restaurants where the median price d ‘a single-family home was worth $ 430,000 last month, unchanged from a year ago, according to Guillaume Raveis. It is also not far from the tourist magnet of Mystic.

The property’s asking price is lower than many others in Connecticut. An 18.75-acre estate on the Connecticut River in Lyme, featuring a beach, boathouse, and dock, is in the market for $ 19.9 million, while tennis star Ivan Lendl listed his Cornwall mansion in March for $ 16.4 million. Lendl’s home in Litchfield County, northwest, measures 18,000 square feet and spans 445 acres.

Franchi’s wife Eva has lived at the house on Sergio Franchi Drive since the singer’s death in 1990 and sells the house to move to Beverly Hills. He kept a collection of cars in a detached garage of seven vehicles.

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