This is a carousel. Use Next and Previous buttons to navigate
Owned by the wealthy Rockefeller family for over 100 years, 54 acres of undeveloped land located at 181 Glenville Road in Greenwich has hit the market for $21,500,000.
Daniel Milstein Photography / contributed
Owned by the Rockefeller family for over 100 years, a 54-acre plot of undeveloped land located at 181 Glenville Road in Greenwich has hit the market for $21,500,000.
The land is zoned for residential development, however, the town of Greenwich is "very" interested in buying the land to create a park with hiking trails and paths, said Greenwich First Selectman Fred Camillo. But the decision, he said, is "in the hands of the Rockefellers."
Sotheby's International Realty Agent Carol Zuckert said Greenwich Land Trust has also expressed interest (Greenwich Land Trust had no comment). Other potential buyers have inquired about using the land for community developments like independent living and assisted care facilities, she said.
The property spans from Glenville Road to Riversville and up to Pecksland Road. Contained within a wooden area, which has various elevations, are wetlands, rock outcroppings, trails and a ravine, according to Sotheby's International Realty Agent Joseph Barbieri. Despite being undeveloped, the land has access to Greenwich's utilities like gas, electricity and a sewer line.
"The majority of the property which is developable is off a ridge, which is quite elevated and gets wonderful west [sun] light exposure," Barbieri said.
Owned by the wealthy Rockefeller family for over 100 years, 54 acres of undeveloped land located at 181 Glenville Road in Greenwich has hit the market for $21,500,000.
Daniel Milstein Photography / contributedThe area was part of over 600 acres of land first purchased by William G. Rockefeller, known for his work as the director of the Consolidated Textile Company, around the time the railroad first came to Greenwich, according to Zuckert. Over time the land was developed into Greenwich neighborhoods like Deer Park, Rockwood, Ridge and Sherwood Farm.
John D. Rockefeller became America's first billionaire by founding Standard Oil in 1870, according to Forbes. While Standard Oil once had a monopoly on America's fuel industry, the family has since focused its efforts on philanthropic endeavors and announced in 2020 that it would divest from fossil fuel investments. The family was reported by Forbes to have an estimated net worth of $8.4 billion as of 2020.
Owned by the wealthy Rockefeller family for over 100 years, 54 acres of undeveloped land located at 181 Glenville Road in Greenwich has hit the market for $21,500,000.
Daniel Milstein Photography / contributedThis is the family's last large land holding in Greenwich, Sotheby's states. The proceeds from the sale will go to just under 100 members of William G. Rockefeller's descendants.
The property at 181 Glenville Road in Greenwich is listed by Sotheby's International Realty; Barbieri can be reached at (203) 940-2025 and Zuckert can be reached at (203) 561-0247.
Additional reporting by Amy Coval.