Will Dunnellen Hall Finally Sell?
Could one of the country's most extravagant and expensive homes finally be sold? The NY Post says that Dunnellen Hall in Greenwich, Connecticut is at the contract stage. Leona Helmsley's former home first hit the market in 2008 for an astounding $125 million. Price cut after price cut followed until it hit $60 million. The NY Post's source revealed that the home may sell to a mystery buyer for under $55 million. The listing still appears on the David Oglivy & Associates website.
The traditional brick mansion is approximately 23,0000 square feet with seven upstairs bedroom suites, a glass-walled music room, a wood- paneled library with a 15th century fireplace mantel, formal dining room, family room with a bar and much more. The back wing is home to the staff area which has six bedrooms. The indoor pool has four exposures and includes areas for sitting and changing. There is also a 75-foot outdoor pool with a terrace and a cabana with a kitchen. There are also brick cottages with an additional six bedrooms total. The Helmsleys bought Dunnellen Hall in 1983 for $9 million (paying an extra $2 million for the furniture) and later picked up another 14 acres bringing the total to 40 acres.
The sale will be a boon for the Leona M. and Harry B. Helmsley Charitable Trust, which supports health care and medical research. We've heard from those who have visited the home that it is in a state of disrepair and will cost millions to fix. The Post article echoes that saying that it has a leaky roof and other problems. It also has astounding property taxes, a total of $183,000 a year according to the Post. The MLS lists the most expensive piece of property on the market in Greenwich right now as a 27-acre piece of property that is "contiguous to and once part of the great estate, Dunnellen Hall" for $39 million.
Gallery: Dunnellen Hall