The Real Deal New York

Downton Abbey would cost $10M a year just to insure

The estate is valued at $400 million
January 04, 2015 04:00PM

From Luxury Listings NYC: European castles and gargantuan country estates often sell at relatively low asking prices, compared to New York City real estate. But that’s largely because the taxes and upkeep on such properties can easily eclipse the original asking price on a yearly basis. Take Highclere Castle, the English country home made famous by the hit series “Downton Abbey,” which an insurance firm has calculated would cost roughly $10 million a year just to insure, according to Curbed. [more]