30 Million Dollar Price Cut For Helmsley Greenwich Estate
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Sometimes putting a wild and audacious price on even the most lavish estate just does not make sense. Either that, or Donald Trump was in on the pricing decision of the Helmsley estate’s decision to price their Greenwich, Connecticut estate for 125 million.
But you have to admit that in these days of price cuts for homes that are stagnant on the market, 30 million is a number that gets ones attention. Dropping the Helmsley mansion from 125 million to 95 million brought this home back front and center to most real estate voyeurs (and hopefully a potential buyer or two).
The sellers of the estate of late hotelier Leona Helmsley at 521 Round Hill Road, known as Dunnellen Hall, recently retreated from their $125 million asking price to $95 million, according to Greenwich-based David Ogilvy & Associates, the listing agency for the 40-acre manor-style property.
But does the change spell “Trouble” - as in the name of Helmsley’s famous dog - for Greenwich’s traditionally thriving real estate market?
Some officials and one of Helmsley’s former neighbors cautioned that even the most palatial celebrity-owned estates take time to sell, while others alluded to a slowdown in sales. via The Advocate
A shrink-wrapped house probably would look even worse than just a regular old abandoned one. 
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Seems to be an interesting idea. I assume we will get more to see like this. 
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Pingback by Celebrity Roundup: Leona Helmsley, Gianni Versace, Samuel Goldwyn Jr., and Bette Davis | Zillow® Blog on 9 October 2008:
[...] to The Real Estate Bloggers (via The (Stamford) Advocate), the former estate of Queen of Mean, Leona Helmsley, just took a [...]