Mel Gibson Chops The Price On His Greenwich Home Again

by Deidre Woollard (RSS feed)
Jun 4th 2009 at 6:01PM

Mel can't sell. The soon-to-be-divorced star can't seem to shake Old Mill Farm, his Greenwich, Connecticut home. Gibson first put the home on the market in the summer of 2007 for $39.5 million. He dropped the price to $35 million last September. But with a divorce in the works and an eighth child on the way with his new girlfriend, he's got bills to pay and a home to get rid of and so now he's pared the price down to under $30 million. Old Mill Farm can be yours for $29.75 million.

Old Mill Farm is a design by architect Charles Lewis Bowman built in 1926 for his horse lover client, G.L. Ohrstrom. The home 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. 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 jaw-dropping room of the place is the great hall which has a 40-foot cathedral ceiling with a stone minstrel's gallery, walk-in fireplace and leaded glass ceilings. The grounds, which were done by landscape designer James Doyle, include formal gardens and a maze. There is also a terrace pool, tennis court, greenhouse, stable, staff houses, log cabin and a pond on the property.

You'd think that this new low price might lead to a sale but in Greenwich, as the NY Times reports, nothing is certain anymore. Greenwich has been home to some of the biggest price drops in the history of residential real estate including the top spot in our recent list of big price cuts, Leona Helmsley's Dunnellen Hall which has dropped in price by $50 million since it first hit the market. One person who seems to have sold in the area is Regis Philbin. His Greenwich home listing has disappeared.

Gallery: Mel Gibson's Old Mill Farm