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GE's CEO Drops Price Again On New Canaan Property

Jeffrey Immelt, CEO of General Electric, has dropped the asking price for his New Canaan home.
Jeffrey Immelt, CEO of General Electric, has dropped the asking price for his New Canaan home. Photo Credit: SarekOfVulcan/Wikipedia
General Electric CEO Jeffrey Immelt has dropped the asking price on his New Canaan home.
General Electric CEO Jeffrey Immelt has dropped the asking price on his New Canaan home. Photo Credit: Courtesy of Houlihan Lawrence
The home of GE CEO Jeffrey Immelt is listed for $4.7 million.
The home of GE CEO Jeffrey Immelt is listed for $4.7 million. Photo Credit: Courtesy of Houlihan Lawrence
Here's a peek at one of the rooms inside the home.
Here's a peek at one of the rooms inside the home. Photo Credit: Courtesy of Houlihan Lawrence
The kitchen features a beautiful center island.
The kitchen features a beautiful center island. Photo Credit: Courtesy of Houlihan Lawrence
A beautiful foyer awaits guests as they enter the house.
A beautiful foyer awaits guests as they enter the house. Photo Credit: Courtesy of Houlihan Lawrence

NEW CANAAN, Conn. -- A house owned by General Electric CEO Jeffrey Immelt and his wife has been reduced for a second time since it was listed last year, according to a story in The Hour.

GE announced last year it was leaving its headquarters in Fairfield to move to Boston. Immelt owns the house with his wife, Andrea.

The home is now listed for $4.7 million. The Hour story said the home was listed for $5.5 million when it hit the market last year. It was listed for $4.9 million in October. The Immelts paid $5.3 million when they purchased it in 2001.

The home includes six bedrooms, nine bathrooms, and 11,458 square feet of living space. It also includes 4.01 acres and is being offered by Houlihan Lawrence agent  Judy Dunn. Click here for property listing information.

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