Phipps Mansion Sells After $4 Million Price Cut
Filed under: Estates
One of my favorite estate of the day properties, the Phipps mansion in Old Westbury, New York, has finally sold. This was our estate of the day last year when it was at $11.5 million but the home of the late Cynthia Phipps was originally on the market for $13 million. The final sale price of $9 million was the highest priced residential sale in all of Nassau County since last September according to the listing agent. The new owner, which Newsday says works in commercial real estate, is getting a 20-acre estate that includes a 12,000-square-foot house, built around 1930 and designed by the Manhattan architectural firm of Delano and Aldrich. The 20 wooded acres include a garden, fishpond, waterfall, vegetable garden, tennis court, heated pool, a five-bedroom apartment and a three-bedroom caretaker's house.
The main home has parquet and marble floors, high ceilings, deep moldings, pine paneling in the library, carved wooden fireplace mantelpieces and hand-painted wallpapers also contribute to the interior's splendor. The home includes a breakfast room, greenhouse, a master bedroom with a hall of closets, additional bedrooms with fireplaces and a second-floor staff area.
Here's one celebrity foreclosure that doesn't surprise me at all. Victoria Gotti has been trying to sell her home in Old Westbury, New York for years and we''ve watched the price come tumbling down on the dilapidated manse from $4.4 million to $3.2 million. Th
