After 10 years on the market Ivana and Donald Trump's Connecticut estate SLASHED to $29.9M
A Connecticut estate formerly owned by Donald Trump and his late ex-wife Ivana has returned back on sale for way less than its 2014 asking price
GREENWICH, CONNECTICUT: The enormously beautiful 6-acre waterfront Georgian estate mansion in affluent Greenwich was up for a neat $54 million, the Wall Street Journal reported. Having bounced on and off the market for more than 10 years, it’s now up for sale for $29.9 million. Donald Trump and the late Ivana Trump formerly owned it in the 1980s. She died in July at age 73 after falling down the stairs in her Manhattan home and kept it following their 1992 divorce.
The estate encompasses some 20,000 square feet and offers panoramic views of the Long Island Sound. The property’s current owners, financier Robert Steinberg and his wife, Suzanne Steinberg, purchased it in 1998 for $15 million. After their purchase, the couple spent some two years renovating the structure removing gilded touches and tacking on an extra 5,000 square feet, which now houses an indoor pool for doing laps and two apartments for guests. Outside, the Steinbergs put in a tennis court and a putting green and even rebuilt the sea wall and fixed the outdoor pool. Two legal waterfront lots, 750+ ft of shoreline frontage with breathtaking water views from sunrise to sunset.
As for its other inclusions, there are eight bedrooms, staff quarters, and even a movie theater. Property images show a long living and dining area under a beamed and vaulted ceiling, plus other living areas with oversize windows and a number of fireplaces, a formal dining room with space for 18, and a massive all-white kitchen with plenty of storage and a handsome twin curved staircase. The family first listed the estate in 2009 for $50 million, the Journal noted. After its peak asking price of $54 million, it returned to market more recently with a $32 million price tag.
The couple now spends most of their time in Delray Beach, Florida, where they built a home. “I had priced it at a very high price initially with the concept that if someone really wants it, I guess I’ll sell it,” Robert Steinberg told the Journal. “But I mispriced it.” He added that in the subsequent years, prospective buyers came in without making any real offer and Steinberg even rejected offers to sell the property in pieces. “I had one Chinese buyer [who] was seriously interested, but his feng shui adviser told him it wasn’t right,” Steinberg said. Rob Johnson of Brown Harris Stevens has the listing. He told the Journal that a deep-pocketed buyer could keep the property as is or because it spreads across multiple lots, redevelop it into waterfront homes.