Posted on 04/21/2009 1:51:13 PM PDT by zaphod3000
Talk about deep discounts. The property downturn has wiped $50 million off the asking price of a single home in what may be the biggest cut ever on a U.S. house.
Now, for a mere $75 million, a buyer can snare the Greenwich, Conn., manor house of the late Leona Helmsley, complete with two pools, more than 13 bedrooms (six for servants) and a walk-in silver closet.
The original asking price was $125 million, and industry veterans can't remember a bigger dollar discount. Last July, a Russian billionaire paid Donald Trump $95 million for a Palm Beach, Fla., mansion originally listed at $125 million.
Helmsley-estate representatives put the 40-acre property up for sale just over a year ago. Even then it was an aggressive price, local brokers said. In October, the estate slashed the price to $95 million.
Called Dunnellen Hall, the 20,000-square-foot Jacobean-style brick mansion is set on a park-like property in the Greenwich back country with views of the Long Island Sound. Brochure photos show a large marble reflecting pool and fountain in front and a back terrace leading to a rock- and plant-lined koi pond, flower beds, a large rectangular pool, many trees and a vast green lawn. The home has more than seven main bedrooms plus a staff wing with six bedrooms.
(Excerpt) Read more at online.wsj.com ...
Well. There you go. Now it is affordable . . . NOT!!
Did the dog die?
Wonder what will become of homes like this if and when Obambi drives the economy into the crapper? Will these homes be for bambi’s comrades?
I’ll take it! Of course, only if the big O is going to stop the banks from foreclosing on me...
Nice crib. Does it have a rumpus room? I’m not gonna part with $75 mil if it doesn’t have a rumpus room...
The prices will go in the crapper.........
I couldn’t afford the annual window cleaning fees!
Without a doubt. What I am wondering though is who moves into them? Do they become institutions, asylums?
I am assuming that under the communist rule of the POtuS that these homes will become state owned.
Of course I am being cautiously sarcastic knowing it could very well happen......without a fight of course :^)
That does look like a beautiful property—certainly nicer than some of the comparably priced ones in Southern California.
Stately Wayne Manor.
The Tea Parties were encouraging, but I know what you mean. The turds are ramming thru a comprehensive healthcare program as we type - it’s not even open for debate in the Congress or the Senate. Zieg Heil!
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