The gated, 40-acre property was last sold by the Helmsley estate to an undisclosed buyer in 2010 for $35 million, Ms. [Jane] Basham said. At the time, it was among the priciest deals ever in the affluent town, although it sold for far less than its initial $125 million price tag. Less than a year later, the new owners relisted the house for nearly $43 million when they had “a change of plans,” said Ms. Basham. They then decided to renovate the property before selling and took it off the market, said Ms. Basham, who declined to identify the owners.
The renovation took about three years and involved removing some wings of the house, Ms. Basham said. Now, at roughly 17,000 square feet, the nine-bedroom, 11-bathroom house is somewhat smaller than it was during the Helmsley era, she said. It has a new staircase, a new kitchen with a La Cornue stove, butler’s pantry and new mechanical systems. The Ludowici tile roof was removed, rebuilt and reinstalled.
“It’s a whole new place,” Ms. Basham said, adding that the renovation “took it from looking like a museum to becoming a home.”