AOL’s Former CEO Wants $26.75 Million for Greenwich Mansion
Tim Armstrong, the former chief executive of AOL, is listing his waterfront home in the Riverside area of Greenwich, Conn., for $26.75 million.
Mr. Armstrong and his wife bought the waterfront parcel for $10.4 million around 2008, records show and spent millions building a shingle-and-stone home of roughly 11,400 square feet with six bedrooms. On over 2 acres, the home overlooks a lake that opens up to the Long Island Sound with water views from almost every room. The couple and their children have enjoyed living so close to the water, where they can go boating and paddleboarding, Mr. Armstrong said.
The home has neutral white interiors designed by New York decorator Victoria Hagan. There is a large open-plan kitchen and family room with a dining island, a formal dining room with a fireplace and a sweeping staircase. In the basement, there is a lounge with a bar and a wine wall and a game room. The home also has an outdoor infinity pool overlooking the water.
The house was featured in an early episode of the television show “Billions;” an aerial shot of the property was used to depict character Bobby Axelrod’s Greenwich home, Mr. Armstrong said. “We were sitting at home watching it when our phones started ringing,” he recalled. “People were saying, ‘I think I saw your home’.”
Doron Sabag of Houlihan Lawrence, the listing agent, and the home’s builder, said he believes the market is strong for unique homes. He is listing the property with colleague Jim Hoffman.