Connecticut Island Aiming to Make Real Estate History – NMP
Industry News

Connecticut Island Aiming to Make Real Estate History

Sep 16, 2016
An island located in the Long Island Sound off the exclusive town of Darien, Conn., is being positioned to become the most expensive sale of a U.S. real estate property

An island located in the Long Island Sound off the exclusive town of Darien, Conn., is being positioned to become the most expensive sale of a U.S. real estate property.

According to a Wall Street Journal report, Great Island is home to a 63-acre estate that includes a six-bedroom mansion, several guest homes and waterfront cottages, a private beach and a dock, and a 20-stall granite stable plus a Grand Prix equestrian arena. The island, which is connected to the mainland by bridges, was originally the home industrialist William Ziegler, who made his fortune in the early 20th century through the sale of baking powder.

If Great Island sells at its listing price, it will break the record for residential property transactions that is held by sale of a $147 million home in New York’s Hamptons in 2014.

About the author
Phil Hall
Link copied
Published
Sep 16, 2016
Get the NMP Daily
Regulation and Compliance
States Tighten Mortgage Rules For Home Equity Investments

Massachusetts, Maine, and Illinois are expanding oversight of home equity financing

States are tightening their oversight of home equity financing arrangements that give investors a share of a property's future value, with Massachusetts becoming the latest to impose new requirements on certain shared-appreciation mortgages.A regulation that took effect Nov....

Continue reading
Operations
FICO vs. VantageScore: Lenders Gain More Options to Qualify Borrowers

Informative Research reports active use of Classic FICO and VantageScore 4.0 as lenders expand scoring options

Mortgage lenders are beginning to put expanded credit score choice into practice, with credit reporting provider Informative Research reporting that its clients are actively using both Classic FICO and VantageScore 4.0 to evaluate mortgage applications.The Stewart-owned comp...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Industry News
Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026