- An eight-bedroom, 14-bath mansion is back on the market with a 75% discount from its original list price, the New York Post reported.
- The property, known as the Gloria Crest estate, was first listed for $39 million in 2013. Today, it has a sticker price of $10 million.
- The mansion, nicknamed the “White House of Englewood,” was built in 1926 for a man who said he was Polish royalty. The estate includes a home theater and an infinity pool.
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One of New Jersey’s most expensive homes now is 75% off.
According to a recent New York Post report, the 1920s home that was once listed for $39 million is back on the market with a sticker price of $10 million. The home has experienced several price cuts over the past five years, previously lowered to $24 million, $17 million, and $12 million.
In Englewood, New Jersey, the property is just 5 miles from Manhattan. The eight-bedroom, 14-bath home sits on 5 acres of private property and includes a home theater and a gym, along with several spiral staircases.
The mansion is the latest on a long list of real-estate price cuts this year, including an empty Los Angeles hilltop plot and a Florida vacation home.
Business Insider’s Katie Warren previously reported that people aren’t buying mansions in Greenwich, Connecticut — another wealthy ZIP code not far from Manhattan — and that many millennials, unlike baby boomers, are not interested in owning large homes.
Here’s a look at the Gloria Crest estate.