Mel Gibson Drops The Price On Old Mill Farm

by Deidre Woollard (RSS feed)
Sep 7th 2008 at 6:25PM

After reading about the real estate downturn in Greenwich, Connecticut in a recent issue of The New Yorker, I wondered what effect this will have on homes still on the market, in particular, Mel Gibson's Old Mill Farm. A quick look at the listing reveals that Gibson, who has had the property on the market for $39.5 million for over a year now, recently dropped the price to $35 million.

The home is one of Greenwich's treasures. No McMansion, Old Mill Farm is a design by architect Charles Lewis Bowman built in 1926 and is one of the last great manor homes in Greenwich and is significant not just for the architecture but for the fact that it has 77 acres of land which includes formal gardens, a maze, pool tennis court, greenhouse, stable staff houses, log cabin and a pond. The home itself is an Elizabethan-inspired Tudor mansion of 15,800 square feet and the property has 15 bedrooms and 18 bathrooms total. The great hall has a 40-foot cathedral ceiling with a stone minstrel's gallery, walk-in fireplace and leaded glass ceilings. In this real estate climate, will a $4.5 million price cut be enough or does Mel need to lower the price a bit more?

Gallery: Mel Gibson's Old Mill Farm

Tags: celebrity real estate, CelebrityRealEstate, greenwich, mel gibson, MelGibson, old mill farm

Filed under: Estates, Celebrity Shopping

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Reader Comments (Page 2 of 2)

B Sep 10th 2008 11:29AM

Maybe he should donate it to the Anti-Defamation League or the Museum of Tolerance.......

Keith H Sep 10th 2008 10:55AM

Why not donate it to an organization to house families temporarily in need of a place to stay until they can upgrade their lives. He made over 1 billion in movies ,right!

Abs Sep 10th 2008 11:20AM

Why not turn it into a bed and breakfast??? The tudor style is great, but it almost looks like a hotel already with the way its set up. I'm sure people would pay to stay at a B&B ran by him...with the idea of maybe you might run into him on occasion.

Wanda Sep 10th 2008 11:25AM

Strange..the theme from "Dynasty" is running through my head...

Jean Sep 10th 2008 11:48AM

oh so sorry for poor mel. Should live in a tent like the indians had to do

oskar Sep 10th 2008 12:33PM

Well, Anyone who buys it Im sure you are going to have to redecorate the place.....call me if you need help.
www.oskartorres.com

Linda Sep 10th 2008 12:51PM

I don't feel sorry for any of the actors that make millions of dollars every year and then can't pay their bills. Why have a house you don't live in year round. No matter how much money you have, you don't need to waste it. If you have money to burn, donate to a cause.

x Sep 10th 2008 12:55PM

Oh-Vay!!!!

Monty Python 1975 Sep 10th 2008 1:02PM

WOW!!! Only $35 million!! NOW I can buy it.

Louis Sep 10th 2008 1:05PM

Awwwwwwwwwwwwwwwwwwwwww!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What about the thousands of Americans who are losing their homes to foreclosure?

Kaye Sep 10th 2008 1:28PM

I have a dollar, if a so if 34,999,000 more of you want to join in this baby could be ours tomorrow!

Blaze Sep 10th 2008 1:48PM

I wonder what Mel initially paid for it. It is truly a beautiful place but what too much for anybody to own but you know what, if you can afford it, go for it! The parties I would have would be outstanding though. bu-Yaa!

carol Sep 10th 2008 2:28PM

What a beautiful home, I live in 1100 square feet and I am not jealous or
envious. We all have blessings more
valuable than money. Class envy
is like a sickness. We all need to
be the best we can be and stop the
attacks on others. If you are judging people by their homes you need to
get a grip. Money is not evil, money
does alot of good things too.
God Bless Us All.