Leona's Mansion Makes History: Price Drops $50M

By Harry Kimball,  Newser Staff
Posted Apr 21, 2009 4:27 PM CDT
Leona's Mansion Makes History: Price Drops $50M
Dunnellen Hall in Greenwich, Connecticut.   (AP Photo)

The asking price for the late real estate magnate-cum-jailbird Leona Helmsley’s Connecticut mansion has been slashed by $50 million, the Wall Street Journal reports. The 40-acre Greenwich property is now offered for $75 million, down from $125 million. Insiders think it could be the largest cut ever for a house in America. Helmsley’s will requires that the house—two pools, 13 bedrooms and all—be sold, ugly market or not. (Read more real estate values stories.)

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