NEW CANAAN — Despite efforts by a coalition of groups, not enough money has been raised to save the 18th-century home at 8 Ferris Hill as a 90-day demolition moratorium is set to expire.

The Historical Review Committee, the New Canaan Preservation Alliance and the Save 8 Ferris Hill Committee have been trying to raise enough money to save the historic saltbox, but as of June 1, the owner will be free to demolish it and redevelop the 2.14-acre property property.

An April letter penned by Tom Nissley, chairman of the Save 8 Ferris Hill Committee, detailed a fundraising strategy in which donations of up to $100,000 pledged to the Historical Society and Preservation would be matched by an unspecified “nearby foundation.”

They sought to galvanize those concerned with possible demolition, stating, “The bottom line is that if the community — persons in and around the vicinity of New Canaan — want to save Eight Ferris Hill, we must find the funds with which to purchase the property. This is not a call just to read about the plan.”

However, donations have been slow to come in and, according to Nissley, somewhere in the vicinity of $800,000 is still needed to purchase the house.

“We’re still far away from our goal. We’re still digging around for how someone will purchase and hold the property. If that happens, we’ll go forward,” Nissley told the New Canaan News.

The saltbox home, built in 1735, is the third-oldest in town and was home to some of New Canaan’s earliest townspeople. It was saved from possible demolition in March when the Historical Review Committee approved the 90-day delay based on the house’s perceived value as a historical institution within the town.

“We’re not trying to extend the process, but that doesn’t mean that the house will be torn down next week,” Nissley said.

Max Abel, the homeowner, had expressed interest in razing the home and rebuilding on the property, but has said that he would not be opposed to working with Save 8 Ferris Hill should they raise enough money.

justin.papp@scni.com; newcanaannewsonline.com.