$14.9 million palatial estate priced to break a local record in CT

Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone residence, built in 1929, is the most expensive home for sale in New Canaan with a $14.9 million price tag.

Prices in the wealthy enclave, about 40 miles northeast of New York City, have been on a steady a rise, according to an analysis by Jonathan Miller, president of real estate appraisal and consulting firm Miller Samuel. Still, the estate’s price tag is more than seven times the $1.9 million average New Canaan sale price in the second quarter, according to real estate firm Douglas Elliman.