Dariens Ziegler Farm Sells For $57.5 Million


DARIEN, CT — Darien’s Ziegler Farm, one of the largest remaining undeveloped pieces of land in the area, has sold for $57.5 million, representing the third-highest sale in Connecticut this year behind Copper Beech in Greenwich ($139M) and Great Island in Darien ($85M), according to Sotheby’s International Realty.

The 51-plus acre parcel of waterfront property on Long Neck Point Road, which is adjacent to Great Island, was originally listed for sale in summer 2022 for $85 million.

Subscribe

William Ziegler, one of the founders of the Royal Baking Powder Company, owned both Ziegler Farm and Great Island in the 1900s. Darien purchased Great Island from the Steinkraus branch of the family earlier this year.

Ziegler Farm was approved as a subdivision in the 1980s, Leslie McElwreath of Sotheby’s International Realty told Patch in a 2022 interview.

Outside of several single-family homes where Longneck Point and Pear Tree Point branch apart, the land has remained undeveloped. The only substantial structure on the property is an old cow barn.

There are 14 oversized, undeveloped building lots totaling 34.51 acres, two private paved roads covering 2.85 acres, and preserved open space of 13.92 acres. Electric, sewer and water lines are already in place.

McElwreath told Patch last year that the timing was right for the Ziegler family to sell the farmland.

“At one point, there were thoughts that maybe people would ultimately settle there and build houses. Everyone’s gone in different directions, and there’s no need for it anymore in the family,” McElwreath explained.

McElwreath was the listing agent along with Joseph Barbieri of Sotheby’s International Realty – Greenwich Brokerage. The two also sold Copper Beech Farm in Greenwich this past summer.

For more on the property, click here.



This article was originally published by a patch.com . Read the Original article here. .