A $39 million mansion in
While the 1926 Gloria Crest mansion, known as the ‘
‘The estate is stunning and grandiose, but it’s definitely not for the faint of heart,’ said Michelle Pais, founder of Signature Realty NJ who sold the home.
The Gloria Crest mansion sits at 83 N Woodland St., in Englewood
The property was built in 1926 and is knows as the White House of Englewood
It features nine full bathrooms and five half bathrooms with classic designs
The estate features gold decorations, eight bedrooms, nine full bathrooms, five half bathrooms and covers 4.9 acres at 83 N Woodland St.
The marble entry has a double staircase, and there are multiple living rooms, one of which has a fireplace.
It also houses a home theater, gym, infinity pool and a cabana that overlooks the property’s private lake.
Although the Mediterranean-style villa is said to capture the ‘grandeur of a classic Hollywood estate,’ the style is considered dated, and it will likely be completely renovated by its new owner.
Pais and her team worked relentlessly to finally find a buyer for the home since it was first listed in 2013, the
The home was originally set to sell for $39 million before the price dropped to $25 million in 2014. The following it year it went down to $24 million and then dropped again by half in 2018.
In 2019, the priced went even lower to just below $10 million before settling on the $4.6 million price this year.
Pictured, one of eight bedrooms within the mansion
The Mediterranean-styled villa includes gold decorations throughout its interior
The home originally belonged to Stefan Poniatowski, a self-proclaimed Polish royal
The buyers, who wished to remain anonymous, will also enjoy an undisclosed discount to the $168,000 annual property tax bill.
The originally belonged to Poniatowski and his wife Elizabeth, the daughter of a prosperous Paterson silk mill owner. Poniatowski took over the silk manufacturing business before going bankrupt in the 1929 stock market crash.
Edward Turn – CEO of Control Equity Group, which offers facility management and security for commercial properties – paid $4.8 million for the home in 2000.
Turen had taken out mortgages on the home for more than it was worth, causing it to nearly go into foreclosure auction in 2017.