LandVest Posts Record US$9.2 million Sale

The year’s highest residential transaction in Massachusetts was brokered by Lanse Robb of LandVest, with the recent sale of the magnificent Wyck Estate, a 7.8-acre oceanfront estate located in Manchester-by-the-Sea for US$9.2 million.  The carriage house of the Wyck estate was sold separately by Robb earlier this spring for US$2.225 million, making the combined sale for the entire property US$11.450 million.  According to MLSPIN.com, there has been only one other sale above the US$5 million mark in Massachusetts this year which took place in Barnstable.  

The Wyck Estate is the centerpiece in a series of high-end sales brokered by Lanse Robb, including 357 Hale Street in Beverly, and 35 Proctor Street in Manchester by the Sea.  In all three sales the buyers were procured directly by Robb.   Recently dubbed “the Rolls Royce" of North Shore Brokers by North Shore Magazine, Robb already has surpassed the US$25.08 million mark in sales of high-end properties in 2010, with an average sale price of US$3.5 million.  Included in those transactions are the highest sales in Manchester by the Sea, Beverly, and Hamilton Massachusetts.

“The North Shore of Boston boasts an amazing concentration of extraordinary properties, and the Wyck Estate has long been considered the jewel in the crown,” said Robb.  “Despite the economic malaise, we have achieved a series of high-end sales, setting town, county and state records.  Wise sellers understand that the inflated prices of the market’s height are behind us, yet they can still count on us to sell their properties at prices that are setting records in today’s marketplace.  In our current climate, high-end buyers are looking for spectacular homes that offer value and investment.  It is a measured marketplace, one where value trumps pure luxury.”

The Wyck Estate, a replica French Chateau located on Manchester’s desirable Smith's Point, was built circa 1900 using the finest imported materials and craftsmanship.  The home’s exterior consists of Tapestry brick imported from France and carved Indiana limestone; twenty-eight stone carvers were brought to the site to ensure absolute authenticity.  The opulently detailed interior includes a formal entranceway, carved of Caen stone from France, a magnificent dining room paneled in extremely rare Circassian walnut from Russia, and floors of green Conamora marble from Ireland.  The result of this magnificent effort is an antique treasure as stunning as any to be found in France.

LandVest invested heavily in marketing to ensure the property was well exposed to a wide audience of affluent buyers and invested significant time in ensuring everyone within the LandVest network, Christies Great Estates affiliates, and the North Shore brokerage community was aware this North Shore signature listing was for sale.

View available North Shore, MA properties at www.landvest.com