Remember the late Leona Helmsley? The “Queen of Mean” New York billionaire-turned-tax-evading-convict who famously left her Maltese puppy, Trouble, $12 million in her will? She’s back– in the news, that is — because Helmsley’s massive Greenwich, CT home just underwent a 40% price cut.
Her estate, know as Dunnellen Hall, was recently reduced by a whopping $50 million (it was listed a year ago for $125 million) and is now down to an asking price of $75 million. It is located at 521 Round Hill Rd, Greenwich, CT. She and her late husband, Harry, paid $11 million for Dunnellen in the early 1980s.
Much like the homeowner herself, the property is quite flamboyant with soaring views of Long Island Sound, a 70-foot reflecting pool with a fountain, a 52-foot indoor pool, 47-foot reception hall, more than 13 bedrooms (six for servants), and a walk-in silver closet. The grounds also contain a pool cabana with a kitchen, a tennis court and two brick cottages. (See photos of Dunnellen Hall).
The Helmsley estate must be sold per the terms of her will, and all proceeds will benefit the Leona M. and Harry B. Helmsley Charitable Trust. Although the avid dog lover was adamant about her fortune going exclusively to dog-related causes, a judge ruled in February that the trustees could donate to other causes. According to the New York Times, only $1 million of the estate’s $5 billion value was donated to care for dogs.
It’s doubtful there will be a speedy sale to the Helmsley estate, and to nearby neighbor Mel Gibson’s Old Mill Road estate, since luxury home sales are reported to be at “glacial” speed in the Greenwich, CT area.