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Mel Gibson Drops The Price On Old Mill Farm
Filed under: Estates, Celebrity Shopping 
After reading about the real estate downturn in Greenwich, Connecticut in a recent issue of The New Yorker, I wondered what effect this will have on homes still on the market, in particular, Mel Gibson's Old Mill Farm. A quick look at the listing reveals that Gibson, who has had the property on the market for $39.5 million for over a year now, recently dropped the price to $35 million.
The home is one of Greenwich's treasures. No McMansion, Old Mill Farm is a design by architect Charles Lewis Bowman built in 1926 and is one of the last great manor homes in Greenwich and is significant not just for the architecture but for the fact that it has 77 acres of land which includes formal gardens, a maze, pool tennis court, greenhouse, stable staff houses, log cabin and a pond. The home itself is an Elizabethan-inspired Tudor mansion of 15,800 square feet and the property has 15 bedrooms and 18 bathrooms total. The great hall has a 40-foot cathedral ceiling with a stone minstrel's gallery, walk-in fireplace and leaded glass ceilings. In this real estate climate, will a $4.5 million price cut be enough or does Mel need to lower the price a bit more?
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09/07/2008 02:25 PM
Denny Hamlin In North Carolina, Estate of the Day
Filed under: Estates, Celebrity Shopping, Sports 
The Real Estalker Mama already ably skewered this one but let's take a look at the pictures for the home owned by Nascar driver Denny Hamlin. Hamin, a young driver on the circuit, has a rather large bachelor pad on Lake Norman in Cornelius, North Carolina. Hamlin bought the five-bedroom mansion in 2006 for $3.4 million and is said to have spent another $1 million decorating it to its current gaudy standard. The home includes lots of single guy-friendly features like a large home gym , bar area, and a dramatic red and black billiards room as well as huge plasma televisions mounted improbably high above fireplaces. It is clear that a lot of money was spent here on touches like the shiny golden home theater room, gourmet kitchen with adjoining domed breakfast room and the master bed and bath which looks a bit like a suite at the Bellagio. The property includes a pool/spa area, outdoor fireplace, basketball court, boat house and a long dock with a boat lift. This home is listed at $4.9 million.
Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.
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09/07/2008 09:02 AM
Sunday Real Estate Round-Up, 09/07/08
Filed under: Estates, Celebrity Shopping 
From the LA Times Hot Properties:
--Celebrity manager Rick Yorn has sold his Brentwood house for $9.35 million.
-- Wrestler Stone Cold Steve Austin listed his 3,881-square-foot house in Malibu for $3,895,000 originally, it just sold for $2.5 million.
--The home belonging to Kanye West's mom, Donda West is expected to get another price cut, to $1.595 million. The contemporary home in the Playa del Rey area of Los Angeles was originally priced at $1.945 million and was dropped to $1.745 million at the end of May. The listing is here.
--The Polaroid house, shown above, is located on Malibu's Carbon Beach, has been home to plenty of A-list parties but with Malibu's new paparazzi crackdown the home is looking for just one owner. The property has 80 feet of beach frontage and has approved plans to build a 6,000 square foot estate with a beachfront pool and spa as well as the existing home. It is listed at $32 million.
From the NY Post's Real Estate section:
--Fashion designer Tommy Hilfiger is about to list his Plaza apartment for $50 million. The apartment is located in the northeast dome on the 18th and 19th floors of the building and includes four bedrooms, a formal dining room, large living room, library and gourmet kitchen.
--Paul McCartney is looking for a New York City apartment closer to the Upper East Side apartment of his new flame Nancy Shevell.
--Denis Leary's TV series "Rescue Me" has just signed a six-month lease with Loft 14, the 10-story condominium building at 135 W. 14th St., where taping of their fifth season will begin this month. The lease is for $14,000 a month and the apartment has a real asking price of $2,375 million.
From Berg Properties Big Time Listings:
--Actor Chris O'Donnell has paid an undisclosed amount for a house in Pacific Palisades. The seller bought it last year for $4.675 million. He sold his last house in Pacific Palisades for $5.05 million.
--Jamie Foxx has sold his Tarzana home. It was our estate of the day back in June.
--Nicolas Cage's Bel Air home is back on the market, this time for $29.999 million. It hit the market last September for $35 million and was later pulled. The listing for the classic home which has been owned by both Dean Martin and Tom Jones is here.
--Glenn Frey has paid $7.75 million for a six-bedroom estate in Hana, Hawaii, on Maui.
--Kiefer Sutherland has paid $8.25 million for a t five-story town house in Manhattan's West Village.
From the Real Estalker:
--Looks like neither Donald Trump nor the mystery buyer have picked up Ed McMahon's house. It is still listed at $4.6 million.
--Rumor has it that Cher has sold her Malibu mansion which was listed at $45 million.
--Stevie Wonder has put his home in Los
Feliz on the market for $3.2 million.
--Nascar racer Denny Hamlin has put his North Carolina home on the market. It's our estate of the day later today.
----via Boston.com, quarterback Tom Brady is a real estate winner. He converted a Beacon Street town house into four condos and sold three of them saving the top floors floors for himself. As a result he earned back more than he paid two years ago for the building. His total proceeds were $7.95 million which is $1.71 million more than he paid for the entire building, according to public deed records.
--via Nashville City Paper, country singer Kix Brooks of Brooks & Dunn and his wife Barbara are the buyers in Nashville's biggest home sale of the year. They paid $5.45 million in August for a new house in Forest Hills.
--via the Real Deal, Moby sold his penthouse at the El Dorado, the twin-towered cooperative apartment at 300 Central Park West near 90th Street, for $6.7 million. It was our estate of the day in July of 2007 when it was priced at $7.5 million.
--Dane Cook has picked up a four-bedroom home in the Hollywood Hills for $7,078,412.
From the Wall Street Journal's Private Properties:
--Basketball player Allen Iverson has reduced the price on his Villanova, Pennsylvania home by 37%. We will be checking this out as our estate of the day on Monday.
--Basketball player Rasheed Wallace has cut the price on his Portland, Oregon home. It will be our estate of the day on Tuesday.
--Actor Matthew Modine has purchased a condominium in New York's Chelsea section for $1.7 million.
--Leonard Ross who put the Hearst estate in Beverly Hills on the market for $165 million has taken it off the market. He has decided to keep the home.
From the NY Observer's Manhattan Transfers:
-- A co-op penthouse in 1060 Fifith Avenue has sold for $48,836,000 setting a new co-op price record in Manhattan. Hedge fund manager Scott Bommer and wife Donya. The couple bought the home for $46 million penthouse back in January. The buyer is listed anonymously on the deed as Park View Trust.
--Writer Ian Buruma spent $1,495,000 on an apartment at the Kalahari on West 116th Street. He and Eri Hotta, who taught at Oxford until 2005, closed last month.
--Ben Stiller spent $10 million on a duplex in a prewar orange-brick co-op on Riverside Drive in the West 80s, the same building that his parents, Jerry Stiller and Anne Meara, have lived in for years.Permalink | Email this | Comments
09/07/2008 05:02 AM
Edge Wood, Estate of the Day
Filed under: Estates 
I wondered back in 2006, when I first saw today's estate listed, if it was a bit overpriced. It turns out I may have been right, it has gone through a major price reduction since then. Luxist reader Ryan reminded me of Edge Wood in Virginia Beach, Virginia. It is a large six bedroom home which was built in 2002 and sits on the waterfront. It has two docks, three boat lifts and a sandy beach. The compound is over three acres and has more than 21,000 total square feet of space including a large guest house. The home includes details such as a billiards room with a bar, a large art studio and a master suite with a wet bar. It is listed at $16 million, which is less than two-thirds the price it was two years ago when it was listed at $24.5 million.
Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.
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09/06/2008 09:02 AM
West Vancouver, Estate of the Day
Filed under: Estates 
We are getting great reader tips lately. This one comes from Luxist reader Ben and is a beautiful modern home in West Vancouver, BC. The home is gated and located inside the Canterbury Estates community. It is up on a hill giving it flawless city, harbor and ocean views. The four bedroom home has more than 7,400 sq. ft of modern space with an an open floor plan. The foyer features an indoor/outdoor Koi pond and waterfall. The copper-leafed custom gourmet kitchen has professional grade appliances and custom edge grain Cherry cabinetry and adjoins a family room with a fireplace. The main rooms open out to the south for the best views.
The upper level is given over to the bedrooms and includes the master suite with a bathroom that includes a tub overlooking the city and a custom-built dressing room with limestone topped island. The lower level has a large games/pool room. media room, exercise gym and private office all opening out to the patio with the swimming pool, hot tub and barbecue center. This home is listed at $6.8 million.
Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.
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09/05/2008 09:02 AM
Avila in Tampa, Estate of the Day
Filed under: Estates 
Let me take the opportunity of today's estate of the day to remind everyone just how much I love getting tips on outrageous real estate. If you find a luxury property you think I should see, please use the tips form on this site to send in the info.
Today's estate was referred to me by Luxist reader Chris who rightly thought it would make an interesting estate of the day. Certainly we don't see homes this lavish in Tampa, Florida too often. The huge compounds usually tend to be on the Atlantic side of the state near Palm Beach or Boca Raton. Today's home is located inside Avila, a private country club community. The gated home is on over five acres overlooking the golf course, pond and conservation areas within Avila. The compound is over 28,000 square feet of space and with attached guest quarters it has 10 bedrooms. The home is pretty ornate. Outside it has a grand manor-like look. Inside there is a large ballroom, a library paneled in dark wood , 14 fireplaces, elevator, wine room. The grounds include a pool and spa with cabana and basketball court. Obviously a lot of money has been spent here but I question the overall effect. The dark wood, marble and touches of gilding. It reminds me of Villa Versailles in Malibu which is on the market for around the same price in that it aspires to grandeur but seems too overblown to be livable even for those with the most lavish of tastes. This home is listed at $25 million.
Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.
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09/04/2008 09:02 AM
The 10 Richest Streets in the World
Filed under: Estates, Wealth 
The Times of London has come up with a new list of the world's 10 richest streets based on property prices. The most expensive street on the globe, unsurprisingly, is in ultra-rich Monaco - Avenue Princess Grace, to be exact, where average prices run about $17,000 per sq. ft. It's a pretty safe bet that anyone with an address there is a millionaire at the very least. In second place is Severn Road in Hong Kong's Victoria Peak district (above), where the average price is about $11,000 per sq. ft. Here are the rest of the runners-up:
No. 3 - Fifth Avenue, New York
No. 4 - Kensington Palace Gardens, London
No. 5 - Avenue Montaigne, Paris
No. 6 - Ostozhenka, Moscow
No. 7 - Via Suvretta, St, Mortiz, Switzerland
No. 8 - Carolwood Drive, Beverly Hills
No. 9 - Wolseley Road, Sydney, Australia
No. 10 - Altamount Road, Mumbai, India
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09/04/2008 05:02 AM
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