$50 Million Discount on Helmsley House

It is not your typical foreclosure bargain, but if you want to nab late real estate mogul Leona Helmsley’s former home in Greenwich, Connecticut, this is the chance of a lifetime. Dunnellen Hall, the 20,000-square-foot brick mansion, is now selling for the low price of $75 million, down from an original asking price of $125 million. According to The Wall Street Journal, the $50 million cut may be the biggest ever on a U.S. house. The property must be sold per the terms of Mrs. Helmsley's will, and the proceeds given to the Leona M. and Harry B. Helmsley Charitable Trust. The realtor’s website describes the house as “the ultimate of all Great Estates in Greenwich on 40 open rolling acres with an amazing Jacobean manor designed by a noted architect and beautifully presented in sparkling condition complete with a fabulous winter garden with a 52-foot indoor pool.”