Catherine Zeta-Jones and husband Michael Douglas have reportedly knocked a whopping $2.25M off the asking price of their sprawling $12M New York mansion.
The Welsh actress, 56, and American movie star, 81, first put the 1920s-era riverfront home which boasts eight bedrooms, ten bathrooms and pool up for sale in 2024.
But after failing to make a sale the couple have now dropped the price to $9.75M, according to IG Mansions.
However the potential sale could still net the acting couple a $3.25 million payday, as Zeta-Jones bought the home in 2019 for only $4.5 million, public records indicated.
The Daily Mail have contacted Catherine Zeta-Jones and Michael Douglas’ representatives for comment.
The 12,000 sq, ft home, which is located in the tiny village of Irvington, New York — only about 20 miles away from the Big Apple — show plenty of green lawn to gaze upon, as there are around 130ft of frontage between the house and the river.
Catherine Zeta-Jones and husband Michael Douglas have reportedly knocked a whopping $2.25M off the asking price of their sprawling $12M New York mansion
The Welsh actress, 56, and American movie star, 81, first put the 1920s-era riverfront home which boasts eight bedrooms and ten bathrooms up for sale in 2024
It also includes a 100ft back terrace looking out upon the river, which would be an ideal spot for entertaining in the warmer months.
The home, which is in a Georgian style, was built in the 1920s and features an impressive 12,000 square feet of space and an elegant brick and stone exterior.
Visitors who drive up to the estate on its secluded circular driveway will come upon a series of elegant white columns decorating the grand front entrance.
Compass realtor David Turner previously noted that the couple had modernised the home with considerably renovations, though he stressed that they were careful to maintain the historical character of the mansion.
When the house first went up for sale Catherine told Wall Street Journal that she and her husband were looking to spend more time elsewhere now that their adult children had moved out of the house.
Michael and Catherine share their son Dylan, 25, and their daughter Carys, 23, while the China Syndrome actor also has an older son, 47-year-old Cameron Douglas, from his first marriage to Diandra Morrell.
Michael and Diandra were married from 1977 until splitting in 1995, though their divorce was not finalized until 2000.
But after failing to make a sale the couple have now dropped the price to $9.75M
However the potential sale could still net the acting couple a $3.25 million payday, as Zeta-Jones bought the home in 2019 for only $4.5 million, public records indicated
The 12,000 sq, ft home, which is located in the tiny village of Irvington, New York — only about 20 miles away from the Big Apple
It also includes a 100ft back terrace looking out upon the river, which would be an ideal spot for entertaining in the warmer months
‘When I purchased our Irvington home I knew our family would share many happy times here, and we have!’ Zeta-Jones gushed in a statement. ‘Now that both our son and daughter have left the nest it seems like the right time to sell.’
She added that her acting work had recently been taking her to Europe more often, and she and Michael expected to be in the US less often.
‘Michael and I plan to spend more time in Bermuda and Europe,’ she said.
The A-list couple’s mansion has an illustrious past, as the land was once owned by the Matthiessen family of sugar merchants, according to the book Irvington (Then And Now) by Anne Marie Leone and Judith Doolin Spikes, via the Wall Street Journal.
In 1902, Conrad Matthiessen bought a neighboring 50-acre estate owned by the then-deceased Charles Lewis Tiffany, the founder of the iconic jewelry company Tiffany & Co., and the current property that Douglas and Zeta-Jones own was later carved out from those larger estates.
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