Helmsley mansion goes for $90M below asking price

AP News
Posted: Oct 14, 2010 9:26 PM
Helmsley mansion goes for $90M below asking price

The late Leona Helmsley's mansion in Connecticut has sold for $35 million _ $90 million below the original asking price.

Property records show that the charitable trust for hotel and real estate magnates Harry and Leona Helmsley sold the 40-acre Greenwich estate two weeks ago to a trustee for an undisclosed buyer.

The trustee, Cynthia Smith, didn't immediately return a message Thursday. A spokeswoman for the Helmsleys' charitable trust declined to comment.

Leona Helmsley was convicted in 1989 and served 21 months in prison for evading federal taxes by billing her businesses for mansion renovations and other personal expenses.

The mansion hit the market two years ago for $125 million.

Leona Helmsley died in 2007 at age 87. Harry Helmsley died in 1997, also at 87.