This article was originally published on Lizanest.com
Despite the rich and famous spending lavishly on grand mansions for comfortable living or as collectibles, the real estate market proves unforgiving. Many such properties now languish on the market, their once immense value drastically diminished.
#1: Tommy Hilfiger’s Connecticut Estate
The asking price: $48 million
What it was bought for: still on the market
Tommy Hilfiger’s enchanting Connecticut mansion, a true masterpiece of design, is proving surprisingly hard to sell. Once known as Chateau Paterno, the estate was originally crafted for Charles Paterno and boasts stunning rose and water gardens, a charming greenhouse, and a cozy cottage.
Inside, it’s a treasure trove of art adorned with vibrant paintings and sculptures. Listed at $48 million in 2020 as Hilfiger prepared for a sunnier life in Florida, this artistic haven has yet to attract a buyer. A year later, the iconic property remains unsold, its timeless beauty waiting for someone to call it home.