Sunday Real Estate Round-Up, 12/28/08

by Deidre Woollard (RSS feed)
Dec 28th 2008 at 9:02AM

Twin Palms, shown above, the original Palm Springs home of Frank Sinatra is now for sale for $3.25 million. The listing is here.

Luxist reader Nick reports that the Bridgehampton Idea house which we profiled as an estate of the day in January has had a deep price reduction. It was listed at $18 million, was down to $15 million when we wrote about it and now is listed at just $9.95 million. The listing is here.

From Newsday's Real LI:
--Fox Hall, an estate we've been watching since 2005 when it was listed at $20 million has a new broker and a new price, $14,999,999 million. The listing is here.
--Billy Joel 's Centre Island home is back off the market once again. Joel purchased the home in 2002 for $22 million. He listed the Tudor-style waterfront mansion for sale in September 2006 with Daniel Gale Sotheby's International Realty for $37.5 million when it was our estate of the day and later tried to sell it for $32.5 million.

From the LA Times Hot Property:
Director Rob Cohen has listed his Malibu home. It's our estate of the day later today.

From Cityfile's Buyers and Sellers:
--Bruce Lisman, the former co-head of global equities at Bear Stearns, has cut the price of his apartment at 923 Fifth Ave. The four-bedroom is now $16.75 million, down from $22.5 million. The listing is here.
--Kenneth Cole has reduced the price on his New York City penthouse. We'll be checking it out as the estate of the day on Monday.

From the Wall Street Journal's Private Properties:
--Fashion designer Domenico Vacca has reduced the price on his New York City condominium from $9.5 million to $8.9 million. The listing is here.
--Sheikh Abdul Aziz al-Thani, of Qatar, has listed his three-bedroom apartment at Trump Park Avenue for $14 million. The listing is here.
--Hollywood producer George Furla is asking $3.495 million for his unfinished penthouse apartment in downtown Chicago. He paid $3.15 million for the unit in 2005. The listing is here.

From the NY Observer's Manhattan Transfers:
--Colombian ambassador to the U.N. Claudia Blum and her husband Francisco Barberi have paid $3.9 million for a third-floor co-op at 936 Fifth Avenue, which is next door to the other apartment in the building thy bought for $3.35 million earlier this month

Tags: billy joel, BillyJoel, bruce lisman, BruceLisman, celebrity real estate, CelebrityRealEstate, domenico vacca, DomenicoVacca, fox hall, FoxHall, frank sinatra, FrankSinatra, george furla, GeorgeFurla, kenneth cole, KennethCole

Filed under: Estates, Celebrity Shopping

Subscribe to these comments

Reader Comments (Page 1 of 1)

Spectacular Bid Dec 28th 2008 11:08AM

Deidre - Fox Hall in Old Westbury is indeed a true gem of a property. I assumed it was taken off the market after having languished for so long. At $15M (or so) the buyer is getting a lot of 'bang for the buck' . Yet it would seem that an old world mansion, cloaked in baronial architecture and rich hardwood interiors plus elaborate outbuildings more suited a property with more then 20 acres is just out of favor with today's wealthy.

Hopefully the next owner won't slice the property up yet again in hopes to spin off the garages, for example, as a standalone property, etc.

CK Dexter-Haven Dec 28th 2008 6:16PM

Hello Spec...
Agreed. The gate house, which is nice too, has long since been sold off...which is a shame in my opinion...

The first time Fox Hall was taken off the market it was so the current owner could have the subdivision approved and laid out...and it was/has. Didn't seem to help any...and, like you, I think the current price is still too high...you'd hope that the guy would learn after three years on the market...