Former GE Chair Jack Welch Auctions off his Southport,CT. Estate ....

[KoKo]

(He even includes and Art and Furniture Package to go with the deal!) What does Jack Welch know about Real Estate that the rest of us don't. :eyes:

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Welch opening mansion to bidders
Former GE CEO to auction Southport home next month
By Susan Nova
Special Correspondent

May 26, 2006

Harborside, a 16-room Nantucket-grey, shingled mansion, stands in stately splendor on a peninsula extending into Southport Harbor, overlooking Mill River, Long Island Sound and the greens of the Country Club of Fairfield.

On June 20, Jack Welch, the former chief executive of General Electric, plans to sell the house, completed three years ago, at a sealed-bid auction. Chicago-based Sheldon Good & Co., represents him.

The house has never been on the market. Among the advantages listed by the auction house to this form of sale are a date-certain time of sale, a no-surprise closing and seller-set showtimes.

The 9,100-square-foot house in American Palladian style was designed by J.P. Franzen Associates, Architects in Southport. The style evolved from the designs of Andrea Palladio, the 16th-century Italian architect, reknowned for his symmetrical, Roman-temple-like houses in Italy's Veneto region.

Monticello and the University of Virginia Rotunda, designed by Thomas Jefferson, were based on Palladio's drawings. Here, Palladian often brings to mind a large, arched, divided-light window, a symbol of elegance imposed on house facades of all styles and sizes.

Set on 0.78 acres, the Welch property offers winding rock paths, landscaped grounds and a dock on the river.

-snip-


Window coverings and lighting are included, and a furniture and artwork package will be available for an additional cost to be determined by the time of the auction.

http://www.stamfordadvocate.com/classified/realestate/scn-sa-onrealestate5.26thmmay26,0,5432926,print.story?coll=real-estate-headlines

[Justitia]

1. How to hide it from his ex-wife??? -eom

[KoKo]

2. Good Point...and I guess he's keeping his Nantucket Estate down the Road

from Chris Matthews and others ..."just because he loves another water view."

Just don't plan to spend Winters on Nantucket! :rofl:

[bbinacan]

3. Maybe the increased hurricane

activity of last year is on his mind. It would be on mine.

[OrangeCountyDemocrat]

4. No Mention Of Starting Price....

If you have to ask, you already can't afford it.