The Queen of Mean's Palace enjoys 52% Price Reduction

By
Property Manager with Gibson Management Group, Ltd.

 


Billionaire tax cheat Leona Helmsley died at Dunnellen Hall in Greenwich, Conn; however, she may roll over if she learned the price of  her LAVISH LUXURY property is being lowered from $125M to $60M now.

 

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Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

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"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

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  1. Bonnie Vaughan 02/21/2010 05:41 AM
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Rainmaker
167,577
Home Design
Alpharetta, GA
Home Design and Real Estate

I'm sure she is rolling over, but how did the IRS allow her to give $12 million to her dog?? That is what always got me.

Feb 20, 2010 11:08 PM #1
Rainmaker
1,275,644
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Jennifer * I think court struck down the gift to her dog TROUBLE down to $2m * rest goes to her and late-husband's chartible trust.

Feb 20, 2010 11:12 PM #2
Rainmaker
159,109
Kari Battaglia, PA
RE/MAX Platinum Realty - Venice, FL
Love Where You Live

Incredible, I thought I heard everything. 

Feb 20, 2010 11:24 PM #3
Rainmaker
1,275,644
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I'm trying to determine if it is still in her estate or if someone bought it after her death....

Feb 20, 2010 11:25 PM #4
Rainmaker
3,332,546
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Leona was quite the legend...my brother sold some of her hotels to a Shiek a number of years ago....she was rolling over then too...but above ground !

Feb 20, 2010 11:43 PM #5
Rainmaker
1,275,644
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

She and her husband, Harry, were actually quite generous with employees and their charities.  I think her rep is underserved and she was a PIONEER WOMAN Realtor in NY back in the Apt to Coop craze

Feb 20, 2010 11:47 PM #6
Ambassador
538,829
Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
REALTOR® - Charlottesville Virginia Homes / Horse

Wallace - Those figures are mind boggling.  It is hard to comprehend a $60 million dollar price reduction.

Feb 21, 2010 12:14 AM #7
Rainmaker
1,275,644
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Pam * Kluge's Albemarle House is $100m which is the second or third most EXPENSIVE listing in the country * I think there is a Florida or CA estate property which is more...

Feb 21, 2010 12:35 AM #8
Rainer
157,179
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

It's gonna have to be reduced further if you expect ME to even consider it for more than a second.  Ha ha.  Still looks like a very special property!

Feb 21, 2010 02:07 AM #9
Rainmaker
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Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

I don't have a problem leaving any money to keep my beloved pets safe for the rest of their lives - they are my children and I feel she had every right to provide for TROUBLE

Feb 21, 2010 02:11 AM #10
Rainmaker
1,275,644
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

TROUBLE got $2m at $100,000 per year~~her son committed suicide I think and she had grand children but daughter-in-law remarried and they were estranged.

Feb 21, 2010 05:07 AM #11
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