$50 million price cut for Copper Beech Farm -- and it's still the nation's most expensive home

Lo! How the mighty have fallen. Copper Beech Farm, the 50-acre Greenwich estate that roared onto the market in May with a record-setting $190 million price tag, has suffered the fate shared by so many of its nine-figure peers: It has just been mercilessly slashed. The price is now $140 million.

And even after the $50 million price cut, it's still the nation's most expensive home for sale. Read more about it in the captions. | By Sarah Firshein, Curbed

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Owned by timber mogul John Rudey for 31 years, the property is stocked with a 12-bedroom mansion, a whopping 4,000—yes, four thousand—feet of water frontage, and not one, but two offshore islands.

Owned by timber mogul John Rudey for 31 years, the property is stocked with a 12-bedroom mansion, a whopping 4,000—yes, four thousand—feet of water frontage, and not one, but two offshore islands.