Leona Helmsley's Dunnellen Hall Sells For $35 Million

In August we learned that Leona Helmsley's former home, Dunnellen Hall in Greenwich, Connecticut might finally be sold. Now the Greenwich Time gives us a sold price and it's even lower than had been anticipated. This home hit the market in 2008 for $125 million. Price cut after price cut followed until it hit $60 million. The Greenwich Time says that the home has been sold for $35 million, a full $90 million discount. The buyer is listed as a trustee, Cynthia L. Smith of the Greenwich law firm Whitman, Breed, Abbott & Morgan LLP. Jane Basham of David Ogilvy & Associates was the selling agent.

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. 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 sale will be a boon for the Leona M. and Harry B. Helmsley Charitable Trust, which supports health care and medical research.

The home is just the latest in Greenwich in a year that has seen Tommy Hilfiger pick up a new home for $31.375 million and Mel Gibson's Old Mill Farm sell for almost $24 million. The top of the market is now the Point of View estate listed at $42 million.