Long Island “The Money Pit” mansion sells for 76% less than first list price

The Long Island mansion featured in the 1986 comedy “The Money Pit” finally has a new owner after five years on the market, the New York Post reported. An unidentified Long Island resident paid $3.5 million for the home in Lattingtown, which was featured as the dilapidated property that Tom Hanks and Shelley Long’s characters purchase in the film, according to the outlet. Sellers Rich and Christina Makowsky bought the 5.5-acre property for $2.12 million back in 2002. They first listed the home in 2014 for $12.5 million — 76 percent more than its final purchase price. Daniel Gale of Sotheby’s International Realty represented the sellers and brought the buyer. [NYPost]