Paul Simon chops price on his 32-acre New Canaan estate

Simon is set to take at least a $4M loss on the sale without considering costs incurred over the last 18 years of ownership

Tri-State /
Nov.November 24, 2020 02:17 PM
Paul Simon and his estate (Photos via Getty; Realtor)

Paul Simon and his estate (Photos via Getty; Realtor)

It’s a seller’s market outside New York City, but Paul Simon is dropping the price on his 32-acre estate in Connecticut.

The music legend cut $2 million off the asking for the New Canaan estate, bringing the price to $11.9 million, according to Mansion Global. It’s still the priciest listing in the town, which is typically cheaper than neighboring Greenwich.

The white-washed brick Georgian-style main house was built in 1938 and has six bedrooms and eight bathrooms. Simon paid $16.5 million for the home in 2002, meaning a sale at the new price would still be $4 million less than what he paid, without factoring in property taxes and maintenance costs.[Mansion Global] —  Dennis Lynch


Related Articles

arrow_forward_ios
Brick House Billiards (Google Maps, iStock)

Rack ’em!: NY pool halls ordered shut can temporarily reopen, judge rules

Rack ’em!: NY pool halls ordered shut can temporarily reopen, judge rules
(Getty)

Westhampton is not primed for Amazon distribution center

Westhampton is not primed for Amazon distribution center
(Houlihan Lawrence)

Everyone’s a critic: Price cut on modernist Pound Ridge home once owned by museum curator

Everyone’s a critic: Price cut on modernist Pound Ridge home once owned by museum curator
(iStock, Wikimedia Commons)

Suffolk County home sales up 33% from a year ago

Suffolk County home sales up 33% from a year ago
New Jersey Gov. Phil Murphy (Getty)

NJ Gov Murphy proposes giving tenants 2+ years to repay rent

NJ Gov Murphy proposes giving tenants 2+ years to repay rent
Charles Kushner and renderings of One Journal Square in Jersey City (Photos via Getty; Kushner/Woods Bagot)

Kushner unveils renderings for One Journal Square after approval

Kushner unveils renderings for One Journal Square after approval
A rendering of Moorestown Mall (Courtesy of PREIT)

Apartments, hotel to be added to Moorestown Mall

Apartments, hotel to be added to Moorestown Mall
Mitchel Houses in East Meadow (MItchel Houses, iStock)

Nassau County extends tax breaks to keep 230 housing units affordable

Nassau County extends tax breaks to keep 230 housing units affordable
arrow_forward_ios

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

Loading...