Mamaroneck and Larchmont, N.Y. (November 27, 2018) — Julia B. Fee Sotheby’s International Realty announced today that the company represented the buyer in the $16 million record sale of 116 Premium Point in New Rochelle, N.Y. The sale achieved the highest-ever price for a property in the Mamaroneck School District encompassing Mamaroneck, Larchmont and parts of New Rochelle, and the highest for each of those towns overall. Mimi Magarelli of the firm’s Larchmont brokerage represented the buyer.
Known as “All View” for its Long Island Sound views at every vantage point, extending to New York City, the historic property resides on a three-acre promontory within a private gated community. The residence is a 23,000 square-foot estate built in 1890 for the Gilded Age banker and famed yachtsman Charles Oliver Iselin, and designed by Stanford White of McKim, Mead and White—the architectural firm responsible for such iconic works as the Boston Public Library, the East and West Wings of the White House and more. The grounds were originally designed by Central Park landscape architect Frederick Law Olmsted.
The property was purchased in the 1980s by the late Nigerian billionaire and former United Nations ambassador Antonio Deinde Fernandez, who added new wings on either side of the house, as well as unique details throughout such as the door and window hardware displaying the diplomat’s tribal crest. It was sold in 2012 to the most recent owners, who completed an extensive restoration on the home honoring its Beaux Arts heritage while bringing it up to date for the modern era.
The residence showcases fine materials and construction throughout including rare onyx, diamond leaded windows, oak and ebony parquet floors, and hand plastered vaulted ceilings. The interior has 13 bedrooms, 13 baths, nine fireplaces, a movie theater and four kitchens, decked out with high end appliances, while the exterior offers a private beach, mosaic glass pool and hot tub, basketball court and boat dock.
“It’s an incredible honor to have participated in this record-setting sale,” said Mimi Magarelli. “This stunning and grand waterfront property feels a world apart, yet it stands just a half hour from midtown Manhattan. The property has an important legacy, and it is exciting to see it embark on its next chapter.”
The sale comes on the heels of two additional major real estate transactions in the area handled by Julia B. Fee Sotheby’s International Realty. Last month, the company was involved in the highest waterfront sale of Larchmont and Mamaroneck since 2006 at $10.3 million, while earlier in November the firm was involved in the sale of the Mamaroneck Beach and Yacht Club, last offered at $10 million. Julia B. Fee Sotheby’s International Realty had both listings.
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About William Pitt and Julia B. Fee Sotheby’s International Realty
Founded in 1949, William Pitt and Julia B. Fee Sotheby’s International Realty manages a $4.2-billion portfolio with more than 1,000 sales associates in 27 brokerages spanning Connecticut, Massachusetts, and Westchester County, New York. William Pitt and Julia B. Fee Sotheby’s International Realty is one of the largest Sotheby’s International Realty(R) affiliates globally and the 34th-largest real estate company by sales volume in the United States. For more information, visit the website at williampitt.com.
Sotheby’s International Realty’s worldwide network includes 950 offices throughout 69 countries and territories on six continents.
William Pitt Sotheby’s International Realty Contact:
Andrew Wood
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AWood@williampitt.com
(203) 644-1938