dennis kozlowski

When I can I like to follow up with some of the results of the big real estate auctions we cover. Last month we mentioned a huge home in New Hampshire that would be auctioned off on November 9. Grand Estates Auction Co., was selling this home on 15 acres in North Hampton, New Hampshire. This property was once owned by infamous former Tyco International CEO Dennis Kozlowski. The current owner has been rebuilding the estate virtually from the foundation up for the last six years.

Seacoast Online reports that the 10,000-square-foot mansion sold for $4.2 million. The 15-acre property was assessed at $9.4 million. The article says that both the buyer and the seller were happy with the price. The info on the new owners hasn't been disclosed. There were 16 registered bidders taking part in the auction.

The home has been redone on a grand scale since Kozlowski's residence. An artist spent two years hand-painting walls and murals throughout the home's more than 10,000 square feet. There is a 1,600-plus-square-foot master suite that fills the entire third floor and has views of the ocean and marsh, complete with octagonal meditation room, en suite kitchen and laundry room, sitting room, and massive master bathroom featuring a handmade Egyptian chandelier.

The huge home has indoor and outdoor pools, spa, steam and sauna, fitness center, tennis court and cabana, massage and game rooms, and a home-theater wing with 13 oversized chairs and a concession stand. A smart home system controls all electronics, including indoor and outdoor security cameras and a dozen flat-screen televisions, at home or remotely. Geothermal heating and cooling, a heat recovery system, underground storage tanks to collect rainfall, and backup generators keep the home going, come what may. There are nine fireplaces, an elevator to all levels, gourmet kitchen with 14-foot, bi-level island and three guest suites including one with a nursery.

From the Los Angeles Times:
Los Angeles poster artist Robbie Conal and his wife, movie and television title designer Deborah Ross, have listed their Gregory Ain-designed home in Mar Vista for $1.149 million. The home is in a development of 52 so-called "Modernique Homes." The pair added bamboo floors, a new kitchen and an art studio.

--Artist Ed Ruscha has sold his Point Dume-area home in Malibu for $4 million.
--The Studio City home of the late model agent Nina Blanchard has sold for $1.1 million.
--The late Nancy M. Daly's former Malibu home, which recently sold for more than $40 million, has been leased out for $200,000 a month by the new owner.
--Singer-songwriter Graham Nash and his wife, Susan, have sold their longtime Encino home for its asking price of $1.6 million.
--A Bel-Air compound owned by the late real estate broker Jon Douglas has come on the market at $18.7 million. The listing is here.

From the NY Post:
--Julia Roberts has purchased a penthouse co-op at 45 W. 10th St. for $3.895 million.
--Technology investor Peter Thiel, a Facebook billionaire and PayPal co-founder, is renting a three-bedroom apartment at 15 Union Square West.
--Gerard Butler recently checked out a $7.995 million townhouse condo at 385 W. 12th St.
--Ad man Alan Levenstein, former vice chairman at Bozell Worldwide, and his wife, Gail, who ran the private-client division at Bill Blass for many years, have put their 2,200-square-foot, second-floor co-op at 75 Central Park West on the market for $4.25 million.The listing is here.

From the Wall Street Journal:
The Boca Raton, Florida home of former Tyco chief executive Dennis Kozlowski has had a price cut to $19.5 million. The 1.6-acre waterfront compound is composed of five adjacent lots and has more than 600 feet of waterfront. It was listed at $24.5 million when we checked it out last year. His former North Hampton, New Hampshire home will be up for auction on November 9 and is our estate of the day tomorrow.

A three-story home on San Francisco's Telegraph Hill is for sale for $12.9 million. The home's current owner is Sandra Lloyd-Smith, ex-wife of the late Texas oil tycoon Robert Mosbacher. The listing is here.

From the NY Times:
--Many of New York City's ultrarich are choosing to rent rather than buy, spending between $10,000 and $100,000 a month.
--Walter Cronkite's summer home on Martha's Vineyard has gone to contract. It had an asking price of $12.25 million.

From the NY Observer:
--George Robb, Jr., the founder of the RPM Nautical Foundation, who until last year was married to model Veronica Webb, has picked up an apartment at 15 Broad Street for $2.785 million.
--John Eck, the president of NBC TV, and his wife Malia have just bought a condo at 43 Clarkson Street in the Far West Village for $3.675 million.
--Zachary Kestenbaum runs who, with his father, runs Building Link, a digital management system for residential properties, has bought a $4 million coop at 1095 Park Avenue.
--Edwin C. Cohen, son of Nixon Treasury Secretary Edwin S. Cohen, has sold his his Central Park West coop for $9.75 million. He bought the home for $11 million in 2006.
--Leonard Stern has paid $14.25 million for a Soho penthouse at 495 West Broadway.
-- Dickson Chu, who is in charge of development and products for Citi, and wife Kristin have paid $2.7 million for a unit at Extell's Aerial West at 245 West 99th Street.
--Writer Vicky Ward and publisher Matthew Doull have sold their Bleecker Street townhouse for $6 million.
--Former CNN anchor Campbell Brown and her pundit husband Dan Senor have moved into The Hastings at 71 Murray Street buying a loft for $4.495 million.
--Judith Greenberg Seinfeld who used to work in perfume and is now a real estate maven picked up a unit at 27 West 67th Street for $4.7 million.
--Bruce and Marlo Wrobel have sold their four-story home at 150 Lincoln Place to Roopal Luhana and Birbal Kaikini for the asking price of $3.195 million.
--Roger A. Enrico, former CEO of PepsiCo. and current Dreamworks Animation chairman has purchased a three-bedroom at 37 West 12th Street at the Butterfield House for $3.14 million.

We've been watching disgraced Tyco CEO Dennis Kozlowski sell off his stuff for a long time. There was a lot of to sell, fine antiques, a classic sailing yacht and of course, some very tempting real estate. Problem is, the real estate isn't moving quite so quickly. Kozlowski's homes have sat on the market for a while despite their obvious charms. Meanwhile, Kozlowski himself sits in a jail cell, convicted in 2005 of crimes related to his receipt of over $80 million in purportedly unauthorized bonuses.

His Nantucket home is one of the island's best. The classic shingled home is a short walk from the beach and has perfect Atlantic views. Kozlowski had a talent for spending money and this home is done with the finest of finishes. The formal living room has a wood burning fireplace with marble surround and opens to casual living space with wet bar, entertainment center and a wall of rounded glass that slides open to the deck and path to beach. The dining room overlooks the deck and another wall of glass doors lead to the barbecue area and outdoor dining. There is both a catering kitchen and a regular kitchen as well as a wine cellar and two laundry rooms. The first floor bedroom suite has a fireplace and sitting area with sliding doors out to the deck and there are two other bedrooms on this floor. Upstairs there is a library with a fireplace and French doors out to the deck and the master suite has two fireplaces and a sitting area as well as a walk-in closet and a sumptuous marble bathroom. The property also includes a guest cottage and a garage that holds a home gym/fitness center with a second floor that has studio living space with a full bath and wet bar. The Wall Street Journal reported last year that the home had been reduced from the asking of $23 million to $16.45 million which is the number the listing still shows.

In my opinion, it's Kozlowski's Boca Raton, Florida place that will be the harder sell. The Real Estalker recently profiled this estate although South Florida Blockshopper shows it has been on the market since July. The eight-bedroom estate takes up a plush 1.6 acre spot in the elite community known at The Sanctuary and includes a tennis court, guest house, pool and over 600 feet of deepwater shoreline.

The Moroccan-inspired style includes long halls framed in pointed Gothic arches, plenty of beige, dark heavy wood, cooling tile floors and wrought iron. It's lovely but there's nothing particularly unique to recommend it except size and bland splendor. it is listed at $24.9 million putting it at the very top of the still-luxurious but sagging Boca Raton market.

My guesses as to final sale prices? I think each home will sell for around $15 million. Leave me your guess in the comments below.

From the LA Times Hot Property:
--Rosemarie Stack, the widow of Robert Stack has put her Wilshire corridor condo up for sale for $6.5 million, shown above. It is listed here.
--"CSI: Miami" actress Khandi Alexander's Hollywood Hills home is still on the market. We'll be checking it out later as our estate of the day.
--Meg Ryan's Bel-Air home is now officially listed at $19.5 million. The listing is here.
--Roy Schlobohm, whose father founded the Shirley's of Hollywood bra and lingerie manufacturing company in 1948, has listed his Malibu beach home at $13.3 million. It's too pretty to pass up, we'll be checking this one out later this week.
--World champion ice skater Tai Babilonia listed her Sherman Oaks home at $1,085,000 and it was in escrow in less than a week.

From the Real Estalker:
--Venture capitalist Tom Perkins has put his home in the Bay Area back on the market for $20.5 million. It was that same price back in 2006 when we checked it out as an estate of the day.
--Tori Spelling and Dean McDermott have picked up a home in Encino for $2.495 million. Their Westwood home was our estate of the day recently.
--Toby Keith has put his Nashville home on the market. It was our estate of the day on Saturday.
--Jade Jagger has put her London house on the market. We'll be checking out this one on Monday.

From the NY Post's Gimme Shelter:
--Alex Rodriguez has lowered the price of his Park Avenue apartment and is also offering it for rent. He is now asking $12.5 million for the four-bedroom unit Trump Park Avenue or will rent the place unfurnished for $50,000 a month. Braden Keil took a tour and found it "surprisingly elegant" looking "more like the home of a buttoned-down business executive than an athlete." We covered this and A-Rod's other home for sale as our estate of the day last week.
--Model Elizabeth Jagger has moved out of her Greenwich Village apartment after the owner of the five-unit townhouse decided to put it on the market. The listing for the five-story 1853 Anglo-Italianate townhouse, available for $7.95 million, is here.

From the Wall Street Journal's Private Properties:
--Baseball player Steve Finley and his wife, interior designer Amy Finley have put a beachfront home in Del Mar, California on the market for $21.5 million. We'll be taking a closer look at this one on Tuesday.
--Dennis Kozlowski, the former CEO of Tyco, is still in jail but is still trying to sell his Nantucket home. He bought the home for $5 million for the house in 1997. The current asking price of $16.45 million is less than the home's assessed value of $16.92 million. The listing is here.
--In Manhattan, a 10-room apartment at The Dakota is now listed for $19.5 million, down 19% from its original $24 million set in June. The owner is a Wall Street executive and the listing is here.
-- Diandra De Morrell Douglas, the ex-wife of actor Michael Douglas, is in contract to sell her townhouse which was most recently listed at $9.25 million.

From the NY Observer's Manhattan Transfers:
--Corcoran broker Deborah Kern, has two $12 million NYC listings, her own eight-room Majestic co-op which she and her husband, James Kern, a former senior managing director at Bear Stearns, paid j$5.2 million for in 2005 and the Park Avenue home of Mark Goldstein, who became the co-head of Bear Stearns' European investment banking last year who bought his home for $5.275 million in 2006.
--Sheridan Mitchell Lorenz, whose father, the Texas natural-gas mogul George P. Mitchell, is currently ranked by Forbes as No. 349 on the list of the world's billionaires, just bought a condo at 50 Orchard Street for $1.4 million.
--Alice R. Gottesman, whose father is the investor David Gottesman (No. 428 on the Forbes list ), spent $6,957,917 on two neighboring co-op units at 118 West 79th Street.
--Roy Judelson, whose father, David Judelson, co-founded Gulf & Western in 1956 and the biotechnology company Biopure decades later, has a bigger apartment. He and his wife paid $10.5 million this month for an 11-room, four-bedroom, 3,950-square-foot co-op at 33 East 70th Street.
--The Park Avenue home of the late fashion designer turned real estate executive turned Showgirls producer Charles Evans has had another price cut. It was originally listed at $29.5 million and is now at listed at $20 million. The listing for the triplex penthouse is here.

From Newsday's Real LI :
--Kenjocketey, a Lloyd Neck, NY estate that we first covered back in 2005 when it was for sale for $16.25 million is still on the market, now for an even $13 million. The listing is here.
--Fashion designer Adrienne Vittadini has lowered the price of her Water Mill, New York home to $6.495 million. It will be an estate of the day later this week.

From Berg Properties Big Time Listings:
--A four-bedroom house in Los Angeles' Los Feliz neighborhood that the late actor Paul Winfield had owned until he died in 2004 has sold for $3.65 million.

From TMZ:
--Orlando Magic star, Dwight Howard has picked up a new home in Longwood, Florida for around $8 million and it's a former estate of the day which was once listed at $9.7 million.
--Nicolas Cage who recently has listed several of his properties has put one of his New Orleans homes for sale for $3.7 million (Big Time Listings reports he bought the home for $3.45 million in 2005). The listing is here.

From the IHT's Raising the Roof blog:
--Villa Fontana, a 16th Century villa outside the Tuscan town of Cortona is on the market for the first time in 500 years. The 16-bedroom villa is listed at 8 million euros.