Famous Fitzgerald Mansion For Sale

by Deidre Woollard (RSS feed)
Mar 26th 2006 at 10:07PM

A piece of American history is hitting the auction block on Tuesday. The Boston Globe reports that the summer home of Mayor John F. "Honey Fitz" Fitzgerald, the father of Rose Kennedy will be auctioned off through Commonwealth Auctions. The house, located in the town of Hull was sold by Honey Fitz in 1921 but J.F.K. did spend the first summer of his life there. The 15-room mansion has a view of the Boston skyline and has a classic white-gabled look. The home is up for auction because the current owner Jamie Edelkind, used forged documents to buy and renovate the house. He was sentenced to five years in prison for wiring $580,000 in cash from a refinancing to his wife in Norway before he defaulted on a $2.3 million loan. It's historic but so far there hasn't been a lot of interest. The home does not have beach access. The home is a lovely old classic but real estate prices in Hull are often lower (a quick scan of Realtor.com reveals several large old grand houses selling for under $2 million) and the housing market in Massachusetts has recently turned a tad sluggish.

[via Born Rich]

Tags: auction, fitzgerald, honey fitz, HoneyFitz, kennedy, massachusetts real estate, MassachusettsRealEstate, real estate