Catherine Zeta-Jones and Michael Douglas Reduce Asking Price for New York Mansion by $2.25 Million
Celebrity couple Catherine Zeta-Jones and Michael Douglas have reportedly made a significant reduction in the asking price for their luxurious New York mansion. The Welsh actress and her American actor husband have slashed a substantial $2.25 million from the original listing price, bringing it down to $9.75 million.
Historic Property Features and Location Details
The sprawling riverfront estate, originally listed at $12 million in 2024, is situated in the picturesque village of Irvington, New York, approximately twenty miles from Manhattan. This Georgian-style home was constructed during the 1920s and encompasses an impressive 12,000 square feet of living space.
The property boasts eight spacious bedrooms and ten bathrooms, along with a swimming pool and approximately 130 feet of frontage overlooking the river. A remarkable 100-foot back terrace provides panoramic river views, creating an ideal entertainment space during warmer seasons. The elegant brick and stone exterior is complemented by a secluded circular driveway leading to a grand entrance adorned with classic white columns.
Financial Implications and Purchase History
Despite the price reduction, the potential sale could still yield the acting couple a substantial profit. Public records indicate that Zeta-Jones acquired the property in 2019 for $4.5 million, meaning a sale at the current asking price would generate approximately $3.25 million in proceeds.
According to real estate sources, the couple undertook significant modernization renovations while carefully preserving the historical character of the mansion. Compass realtor David Turner confirmed these updates maintained the property's original architectural integrity.
Personal Reasons Behind the Sale Decision
In a statement to the Wall Street Journal, Catherine Zeta-Jones explained their motivation for selling the property. 'When I purchased our Irvington home I knew our family would share many happy times here, and we have!' she expressed. 'Now that both our son and daughter have left the nest it seems like the right time to sell.'
The actress noted that her professional commitments have increasingly taken her to Europe, while she and Douglas plan to spend more time in Bermuda and European locations. The couple's children, Dylan (25) and Carys (23), have moved out, and Douglas has an older son, Cameron (47), from his previous marriage to Diandra Morrell.
Historical Significance of the Estate
The mansion occupies land with notable historical connections. According to historical records cited by the Wall Street Journal, the property was originally part of estates owned by the Matthiessen family of sugar merchants. In 1902, Conrad Matthiessen purchased a neighboring fifty-acre estate that had belonged to Charles Lewis Tiffany, founder of the iconic Tiffany & Co. jewelry company.
The current property owned by Douglas and Zeta-Jones was subsequently carved from these larger historical estates, adding to its unique heritage and appeal. Representatives for the celebrity couple have been contacted for further comment regarding the price adjustment and ongoing sale process.
