Behold the most expensive house in 'the city of billionaires': $49.5million ... trends now

Behold the most expensive house in 'the city of billionaires': $49.5million ... trends now

The most expensive estate in a Connecticut town dubbed 'the city of billionaires' has hit the market for $49.5 million.

Greenwich, Connecticut is home to multiple billionaires and has an average income over $700,000 and a median home price of $2.3 million, according to Top Ten Real Estate Deals.

And if you have 25 times that amount of cash, a Georgian Colonial-style mansion can be yours for $49.5 million. 

Listed by Jennifer Leahy of Douglas Elliman, the estate sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road.  Its seller is former Cantor Fitzgerald trader Chris Cercy, who lived in the property with his wife Leason. 

'This is a house you want to be in - it lends itself to just relaxing - you have a beautiful life on the water,' Leahy told Mansion Global.

A Georgian Colonial-style mansion came on the market at $49.5 million, making it the priciest home in Greenwich, Connecticut

A Georgian Colonial-style mansion came on the market at $49.5 million, making it the priciest home in Greenwich, Connecticut

The stunning stone property was bought in 2012 for around a fifth of its current price by Cantor Fitzgerald trader Chris Cercy and his wife Leason

The stunning stone property was bought in 2012 for around a fifth of its current price by Cantor Fitzgerald trader Chris Cercy and his wife Leason  

Listed by Jennifer Leahy of Douglas Elliman , the estate sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road

Listed by Jennifer Leahy of Douglas Elliman , the estate sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road

Outside, there is a pool, dock, beach, cove for swimming and other water activities like kayaking or fishing

Outside, there is a pool, dock, beach, cove for swimming and other water activities like kayaking or fishing

The sellers conducted a gut renovation and added roughly 3,500-square-foot addition to the original structure in 2014

The sellers conducted a gut renovation and added roughly 3,500-square-foot addition to the original structure in 2014

Inside the 12,492 square foot home there is a massive kitchen with a center island

Inside the 12,492 square foot home there is a massive kitchen with a center island

'Not only is the wildlife incredible, but the beautiful thing about Mead Point is it's a little bit further from the

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