The Real Deal New York

“Bored” owner of Disneyfied mansion lists for $14.8M: PHOTOS, VIDEO

Old Westbury estate comes with man cave, floor-to-ceiling aquariums, Playboy grotto

November 20, 2013 01:00PM
By Julie Strickland

What to do when your tricked out, multi-million dollar Long Island mansion starts to get stale after only two years? Slap it on the market for $14.8 million, of course.

So goes the master plan of one owner, currently holed up in a lavish Atlantis-meets-Disneyland estate at 38 Applegreen Drive in Old Westbury, along Nassau County’s Gold Coast. His name, according to PropertyShark, is Zhang Jiamin.

Listing broker Shawn Elliott of Shawn Elliott Luxury Homes & Estates described Zhang as a Chinese investor who is looking for a change.

“It’s not that he’s bored of this house in particular, he just said he gets tired of houses and cars and likes to switch them up every two years or so,” Elliott told The Real Deal.

Zhang won the property after going head-to-head in a three-way bidding war after the 8,745-square-foot home had been on the market for only three weeks, Elliott said. He paid $12.25 million for the mansion and its furnishings in 2011.

Built in 2006 by the founder of credit processing firm EVO Payments, Ray Sidhom, the property takes bachelor pad décor to the next level. (Indeed, Elliott gave CBS a tour of the home last year. See video below.)

Aside from the typical sprawling rooms, indoor pool, wine cellar and media room, the gated estate features floor-to-ceiling fish tanks. The master-bedroom suite, lined with button-operated drapes, boasts a balcony overlooking the outdoor stone grotto with a swim-up bar and Jacuzzi – like what you’d expect to see at the Playboy mansion, Elliott said.

A million-dollar green piano that’s been on tour with Billy Joel and Elton John rounds out the living area, while an angel-filled fresco looks down on the living room from 20-foot ceilings.

Zhang listed the home on Monday, and Elliott said his firm has already fielded several offers.

At $14.8 million, the listing is one of the priciest currently available in Nassau County. The area’s most expensive listing, located in Brookville and home to Teenage Mutant Ninja Turtles creator Mark Freedman, has a price tag of $15.8 million.

  • 1Lionel

    Rent it at $25K a night – there are enough dumb a…… who will try it

  • WiseUp

    Egads. More proof money can’t buy taste.

  • Susan

    The Old Westbury doyennes must be spinning in their graves.

  • thedog

    And Nassau county has it assessed at $3.8m

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