Greenwich, Conn., has been dubbed the “City of Billionaires” for the number of wealthy people who live there. Now, the most expensive estate in the town has hit the market for $49.5 million. With an average income of $700,000 annually, the median home price is $2.3 million in the ritzy neighborhood. The Georgian colonial-style mansion sits on 1.6 waterfront acres along the Long Island sound on Indian Field Road. Its seller, former Cantor Fitzgerald trader Chris Cercy, purchased the home in 2012 for $10.6 million. Since then, he has conducted a gut renovation and added roughly 3,500 square feet to the original structure. Inside the 12,492-square-foot home are 6 bedrooms, 7 full bathrooms, and 2 half baths. The property also contains a pool, dock, private beach, and cove for swimming and other water activities.
