NAMA might have judgment orders totalling €184m against him, and he may have a further €225m owing in personal guarantees to non-NAMA banks, but Sean Dunne – aka, “The Dunner”, or Baron of Ballsbridge – seemingly continues to be at the centre of million euro real estate. Following the report on here last month about the sale of 38, Bush Avenue, Belle Haven, Greenwich, Connecticut, a property associated with the Dunnes, there is now a second property, also located in Greenwich which has come onto the market with a price tag of USD 3.3m (€2.5m). The second property, at 42 Bote Road, Greenwich CT 06830, was last year reported by the Irish Independent to be associated with the Dunnes.
It’s a six-bedroom, six-bathroom 8,224 sq ft property on a 0.5 acre plot – there are photographs and details here. Unlike the property at38 Bush Avenue, there doesn’t appear to be the obligatory Irish architectural feature, the sun-room, though it does appear to have the obligatory Irish tarmacadam.
It appears that the property on Bote Roadwas put on the market last October 2011 with an asking price of USD 3.95m, but this was subsequently reduced by 17% in February 2012. The property was purchased on 20th January 2011 by Thomas J Heagney acting in trust for USD 825,000. The Dunnes were reportedly seen visiting the property but no confirmation of their interest in the property was forthcoming. In 2011 when the property was purchased, it was just a 1,820 sq ft house with three bedrooms and two bathrooms. According to reporting in the Independent, plans had subsequently been submitted to undertake USD 720,000 of works to enlarge the property to 5,676 sq ft though these were obviously superseded by a more ambitious and larger redevelopment.