- An eight-bedroom, 14-bath mansion is back on the market with a 75% discount from its original list price, the New York Post reported.
- The property, known as the Gloria Crest estate, was first listed for $39 million in 2013. Today, it has a sticker price of $10 million.
- The mansion, nicknamed the “White House of Englewood,” was built in 1926 for a man who said he was Polish royalty. The estate includes a home theater and an infinity pool.
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One of New Jersey’s most expensive homes now is 75% off.
According to a recent New York Post report, the 1920s home that was once listed for $39 million is back on the market with a sticker price of $10 million. The home has experienced several price cuts over the past five years, previously lowered to $24 million, $17 million, and $12 million.
In Englewood, New Jersey, the property is just 5 miles from Manhattan. The eight-bedroom, 14-bath home sits on 5 acres of private property and includes a home theater and a gym, along with several spiral staircases.
The mansion is the latest on a long list of real-estate price cuts this year, including an empty Los Angeles hilltop plot and a Florida vacation home.
Business Insider's Katie Warren previously reported that people aren't buying mansions in Greenwich, Connecticut - another wealthy ZIP code not far from Manhattan - and that many millennials, unlike baby boomers, are not interested in owning large homes.
Here's a look at the Gloria Crest estate.
Known as the Gloria Crest estate, the mansion is in the East Hill neighborhood of Englewood, New Jersey. The town is in Bergen County, one of the richest areas in the state, and is conveniently 5 miles from Manhattan — just across the Hudson River from Washington Heights and a 20-minute drive from Central Park.
Source: Zillow, Michelle Pais Group, Google Maps, NJ.com
The mansion, nicknamed the "White House of Englewood," sits on more than 5 acres of private property, which includes manicured lawns, orchards, gardens, and a small lake.
Source: Zillow, Michelle Pais Group
An iron gate on the grounds opens to reveal a circular driveway ...
... that leads up to the massive home. A man who said he was Polish royalty commissioned the mansion in 1926. According to the New York Post, it's been rumored that Joseph Kennedy, President John F. Kennedy's father, once purchased the home for the actress Gloria Swanson.
Source: Zillow, Michelle Pais Group, North Jersey Record, New York Post
The foyer is flanked by a double staircase. With marble pillars, gold gilding, and a crystal chandelier, the entryway is a nod to its Roaring '20s origins.
Source: Zillow, Michelle Pais Group, New York Post
The home has several living rooms, including a sitting area with gray velvet couches and a modern coffee table.
Source: Zillow, Michelle Pais Group
Each living room is decorated differently. One has a lofted ceiling and a large stone fireplace ...
Source: Zillow, Michelle Pais Group
... and a classic gold-gilded room updated with animal-print chairs. The entire home is 24,000 square feet.
Source: Zillow, Michelle Pais Group
The mansion features eight bedrooms, including a three-room master suite.
Source: Zillow, Michelle Pais Group
Other bedrooms offer room for seating ...
Source: Zillow, Michelle Pais Group
... while others are decorated for young residents.
Source: Zillow, Michelle Pais Group
The home also includes nine full baths and five half-baths.
Source: Zillow, Michelle Pais Group
There are additional seating areas and small entertaining spaces, as well as a dining area.
Source: Zillow, Michelle Pais Group
The dining area is off of the chef's kitchen, which includes a floating island with barstool seating and a stained-glass ceiling.
Source: Zillow, Michelle Pais Group
Another living room is decorated with wooden accents.
Source: Zillow, Michelle Pais Group
The living room leads to the pool room ...
Source: Zillow, Michelle Pais Group
... which is near the private bar.
Source: Zillow, Michelle Pais Group
The mansion also includes a home theater and a personal gym.
Source: Zillow, Michelle Pais Group
Outside, the mansion features an expansive deck ...
Source: Zillow, Michelle Pais Group
... which leads to the estate's infinity pool and hot tub.
Source: Zillow, Michelle Pais Group
The back patio also includes an outdoor sitting area, complete with a sofa and a chair.
Source: Zillow, Michelle Pais Group