Disgraced former Islanders owner puts Westchester estate on the market for $10M

Former New York Islanders owner Paul Greenwood, who was accused of securities fraud last February, will hold an open house today for his 16-acre Westchester estate. The North Salem property is listed for $10 million in its entirety, or it can be purchased in three parts. Greenwood, who was elected the town supervisor in 2007, is asking $8 million for the 9,000-square-foot main house on 9.1 acres, and the remaining two plots of land are also for sale. The five-bedroom home has an array of unusual touches: 270-year-old wallpaper in the dining room, an 18th-century fireplace mantel and a floating spiral staircase in the foyer. It was built in 1999. On the second floor, there’s display cabinetry, which Greenwood used to showcase his $3 million collection of German Teddy bears. Greenwood’s Upper East Side apartment and Westchester horse farm are also rumored to be going up for sale soon. Gloria Marwell of Prudential Holmes & Kennedy has the listing for the North Salem property. [Post]