Rabbit Hill mansion returns to market at $9.8M: PHOTOS

16-acre estate in Westchester County was designed by famed architect Mott Schmidt

New York /
Nov.November 25, 2013 04:01 PM

The Rabbit Hill estate, in Westchester County, has returned to the market asking $9.8 million – down from the nearly $11 million the sprawling home was asking when it first hit the market in February.

The 1928 brick Georgian mansion, owned by gallerist and art historian Warren Adelson and his wife Jan, spans more than 13,000 square feet on 16 acres.

The Adelsons first listed the 842 Sleepy Hollow Road property in February with a price tag of $10.9 million, with Sotheby’s International Realty, according to current broker David Turner of Westchester-based Houlihan Lawrence. Turner was tapped to represent the property about three weeks ago, he said, and which point the asking price was lowered to $9.8 million.

“Frankly I think it’s priced perfectly right now,” said Turner. “I think we’re going to have a sale on it soon.”

The Adelsons purchased Rabbit Hill, which dates to 1928, in 1998 for $7.5 million, according to published reports. The mansion was designed by architect Mott Schmidt, known for crafting early twentieth century homes for the Astors, Morgans and Rockefellers. Schmidt also served as head architect on Gracie Mansion’s new wing, which was added at the behest of Mayor Robert Wagner’s wife Susan in 1965.

The Adelsons made a variety of renovations to the stately home, including redesigning a wing of family bedrooms to create one large master bedroom with a walk-in dressing room and his-and-her baths, according to Turner. The estate also boasts an elevated terrace overlooking a meadow behind the house.

The Rabbit Hill sale is the latest of the Adelsons’ efforts to downsize and simplify, Turner said. Warren Adelson closed his Upper East Side gallery and sold his Manhattan pied-à-terre last year. The 19 East 82nd Street gallery sold for $27.75 million after first listing for $34.8 million, as The Real Deal reported.

“They have loved and adored [Rabbit Hill], but it’s a big property, not a simple one to manage,” Turner said.


Related Articles

arrow_forward_ios
After years of lagging sales, Westchester County saw the highest number of completed home sales since 1996. (Getty)
Westchester home sales hit historic high in 2020
Westchester home sales hit historic high in 2020
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)
Westchester group lobs its own constitutional challenge to New York’s rent law
Westchester group lobs its own constitutional challenge to New York’s rent law
Joy Kim Metalios’ team and the offices at Greenwich, Connecticut (Credit: Raveis and Google Maps)
Top broker in Greenwich jumps to Houlihan Lawrence
Top broker in Greenwich jumps to Houlihan Lawrence
Tom Brady (L) and Gisele Bundchen arrive at the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. (Angela Weiss/AFP/Getty Images)
Tom Brady, Gisele home shop in suburbs, North Jersey industrial site sells for $66M & more Tri-State real estate news
Tom Brady, Gisele home shop in suburbs, North Jersey industrial site sells for $66M & more Tri-State real estate news
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)
The Seychelles to auction off estate at a discount after diplomat’s divorce
The Seychelles to auction off estate at a discount after diplomat’s divorce
Houlihan Lawrence fails to get dual agency lawsuit dismissed
Houlihan Lawrence fails to get dual agency lawsuit dismissed
Houlihan Lawrence fails to get dual agency lawsuit dismissed
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Paul Simon’s Connecticut estate is on the market for $14M
Paul Simon’s Connecticut estate is on the market for $14M
Paul Simon’s Connecticut estate is on the market for $14M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...