Leona Helmsley’s Former Greenwich Estate Hits Market for $50M

Published: June 28, 2016 | By: American Luxury Staff

The Greenwich, Connecticut mansion once belonging to real estate magnate Leona Helmsley has found its way back on the market. This time, it’s available for $49.895 million, which is more than 20-percent less than its asking price two years ago.

The 17,000-square-foot Elizabethan-style mansion is located on the nearly 40-acre plot. The home holds nine bedrooms and features old-school luxury with 11 wood-burning fireplaces, an oak-paneled library, travertine floors in the dining room, a 42-foot-long living room with a plaster tracery ceiling, and multiple rooms for entertaining.

Helmsley and her husband Harry purchased the palatial Greenwich estate for $11 million in 1983, and after Leona Helmsley’s death in 2007, the current owners paid her estate $35 million for the property in 2010.

Originally, the current owners intended to renovate and live on the property, but they changed their minds and placed the estate on the market for $43 million less than a year after purchasing the home. Before its current re-listing, the property had been offered for $65 million in 2014.

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